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GH

Guardant Health Inc (NASDAQ: GH) stock is trading lower after the company announced plans to appeal a U.S. District Court verdict in a patent infringement case brought by TwinStrand Biosciences Inc. and the University of Washington. The jury found Guardant Health willfully infringed two patents and awarded $83.4 million in damages, with the possibility of tripling the damages due to willful infringement. Guardant Health disagrees with the decision and plans to file additional motions and appeal.

Portfolio Pulse from Vandana Singh

November 15, 2023 | 7:28 pm

GME

The SEC whistleblower program, which rewards tipsters for reporting fraud, has attracted high-profile short sellers like Carson Block and Nate Anderson. The program pays around 10% of fines collected from prosecuted companies. Block and Anderson have been involved in significant cases, with Block receiving $14M for a 2015 insider trading case. The SEC received 18,000 tips in 2023, double the past decade's total. The SEC also requires hedge funds to disclose short positions, a move influenced by the GameStop stock market events.

Portfolio Pulse from Neil Dennis

November 15, 2023 | 6:55 pm

GH

Guardant Health's stock is trading lower following the company's announcement of its intention to appeal a recent verdict in a U.S. District Court case regarding intellectual property claims made by TwinStrand Biosciences and the University of Washington.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:13 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) won an appeal in federal court, allowing the company to maintain its uniform policy that bans pro-union t-shirts at its Fremont, California assembly plant. The 5th U.S. Circuit Court of Appeals ruled that Tesla's policy, which requires employees to wear company-issued shirts, is lawful. The court decision supports Tesla's stance amid accusations from the United Auto Workers union of illegal anti-union tactics, which Tesla denies. A separate case is pending where the full 5th Circuit Court is reviewing an NLRB decision regarding a tweet by CEO Elon Musk about employee stock options and unionization. Tesla shares were up 2.17% to $242.62.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 5:06 pm

META

VGK

Meta Platforms Inc. is appealing the EU's classification of its Messenger and Marketplace services as 'gatekeepers' under the Digital Markets Act. However, Meta will not contest the same designation for Facebook, Instagram, and WhatsApp, and intends to cooperate with the European Commission to ensure compliance.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:02 pm

ADBE

VGK

Adobe anticipates receiving an antitrust warning from the European Union regarding its proposed $20 billion acquisition of Figma. The company is open to discussing remedies to address regulatory concerns and is committed to proceeding with the deal, pending a clear understanding of the EU's specific issues.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 5:01 pm

PEP

New York State Attorney General Letitia James has taken legal action against PepsiCo, accusing the company of contributing to environmental damage and public health risks through plastic pollution. The lawsuit alleges that PepsiCo has violated state laws by failing to reduce plastic use and misleading consumers about its recycling practices. This action is part of a broader initiative to hold companies accountable for environmental harm.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 4:56 pm

ARKK

COIN

Cathie Wood of Ark Invest predicts Bitcoin could reach $1.5M in a bull case scenario. She remains bullish despite the FTX bankruptcy, highlighting Bitcoin's decentralized nature. Wood also suggests a spot Bitcoin ETF could boost Bitcoin's price by simplifying investment access. Ark's top holding in ARKK is Coinbase, which faces an SEC lawsuit. Wood is confident Coinbase would appeal any negative ruling to the Supreme Court. Bitcoin is up 119% YTD.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 4:38 pm

PEP

New York State has filed a lawsuit against PepsiCo, as reported by Reuters based on court documents. The lawsuit pertains to an environmental matter, although specific details of the allegations or the nature of the environmental issue were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:51 pm

VEON

VEON Ltd. (NASDAQ:VEON) has appointed Michael R. Pompeo as an independent non-executive director of Kyivstar's Board and CEO Kaan Terzioglu as Chair of the same board. This follows VEON's challenge to a freeze on its corporate rights in Ukraine and its commitment to invest $600 million in the country. VEON has also completed the sale of its Russian subsidiary. Shares of VEON are up 3.16% to $20.22.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 3:42 pm