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Legal

GH

Guardant Health, Inc. (NASDAQ:GH) plans to appeal a recent verdict from the U.S. District Court for the District of Delaware concerning intellectual property claims made by TwinStrand Biosciences, Inc. and University of Washington. The company, which specializes in precision oncology, is challenging the decision which is related to its business operations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:30 am

BTC-USD

The SEC reported a year of exceptional enforcement productivity, particularly in the cryptocurrency and digital assets space, with 784 enforcement actions and $5 billion in financial penalties. Notably, $1 billion will be returned to investors. High-profile cases included charges against FTX's Samuel Bankman-Fried and Terraform Labs' Do Kwon. Kraken and Nexo settled with the SEC, paying $30 million and $22.5 million, respectively. Kim Kardashian also settled for $1.26 million over undisclosed crypto promotions. BTC's price was down 1.70% at the time of reporting.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 6:55 am

AAPL

GOOG

Tech YouTuber Marques Brownlee discussed a smartphone startup, Nothing, founded by Carl Pei, which is trying to penetrate the U.S. market by integrating iMessage into their Android phone through an app called 'Nothing Chats', co-developed with Sunbird. This approach aims to bridge the messaging divide between Android and iPhone users, symbolized by 'green' and 'blue' bubbles. However, Brownlee raised security concerns about signing in with an Apple ID on a non-Apple device and the potential risks of using a remote Mac Mini for routing messages. He also speculated that Apple might not respond strongly due to antitrust pressures but could highlight security risks.

Portfolio Pulse from Ananya Gairola

November 15, 2023 | 5:56 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has removed a clause from their Motor Vehicle Order Agreement that threatened legal action against Cybertruck owners who resell their vehicles within the first year of ownership. The clause, which could have led to a $50,000 lawsuit and refusal of future vehicle sales, was specific to the Cybertruck and has been eliminated without explanation from Tesla. The Cybertruck is expected to start deliveries by the end of the month, with an event scheduled for Nov. 30 at the Texas Gigafactory.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 4:11 am

GOOGL

Alphabet Inc.'s CEO Sundar Pichai admitted to inadvertently deleting internal chats, which is under scrutiny in a lawsuit by Epic Games alleging Google Play Store's monopolistic policies. Pichai testified that he didn't disable a setting that wiped chats after a day and sometimes labeled documents as 'privileged'. Epic Games sued Google in 2020 after 'Fortnite' was removed from the app store for bypassing Google's payment systems. The outcome of the lawsuit could significantly impact the app store industry, where Google and Apple have exclusive control and receive about 30% of in-app purchases.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 2:23 am

AAPL

iFixit and PIRG have petitioned the FTC for nationwide right-to-repair regulations, targeting electronics manufacturers' restrictive practices. The petition calls for easier component replacement and opposes manufacturers' requirements for repair shops to disclose customer information. Apple Inc. (AAPL) is mentioned as using the 'parts pairing loophole' to restrict repairs to its own manufactured parts. The FTC's rulemaking process is lengthy and has not yet addressed the petition. The right-to-repair movement has various opponents, including a Scientology church-owned entity, Author Services, opposing software lock workarounds.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 1:17 am

IRON

Disc Medicine has been granted a US patent for methods of treating erythropoietic protoporphyrias using Bitopertin. This development could potentially enhance the company's intellectual property portfolio and provide a competitive edge in the treatment of this condition.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:53 pm

D

Dominion Energy Virginia, along with the State Corporation Commission Staff, Office of the Attorney General, and other parties, have filed a comprehensive settlement regarding the biennial rate case. This settlement is likely to impact the regulatory and financial aspects of Dominion Energy's operations within Virginia.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:29 pm

PEPEUSD

The GROK token's market value plummeted by $100 million following revelations that its developer was linked to past failed crypto projects. Despite the sell-off and a 70% price drop, the GROK community remains optimistic, with developers burning $1.7 million worth of tokens to boost confidence. The token's initial surge and subsequent decline highlight the volatile nature of the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

November 14, 2023 | 8:40 pm

RBB

RBB Bancorp disclosed that its internal control over financial reporting and disclosure controls and procedures were not effective as of September 30, 2023. The company has issued corrections to its Q3 earnings release.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:24 pm