Streetbeat News

Legal

AAL

JBLU

A U.S. judge ruled that the injunction against JetBlue and American Airlines will take effect 21 days after the court ruling. This decision may impact the airlines' partnership and operations.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:08 pm

ABBV

BMY

MRK

PFE

The U.S. Chamber of Commerce has filed a lawsuit against the federal government over a law allowing Medicare to negotiate drug prices with pharmaceutical companies. Merck, Pfizer, Bristol Myers Squibb, and AbbVie are among the companies affected by this law.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 4:06 pm

JPM

JPMorgan Chase & Co has reached a tentative settlement in a class action lawsuit accusing the bank of profiting from the sex trafficking operations of its former client, Jeffrey Epstein. The settlement comes two weeks after JPMorgan's CEO Jamie Dimon testified of having little knowledge of Epstein prior to his arrest in July 2019.

Portfolio Pulse from AJ Fabino

June 12, 2023 | 2:49 pm

AAPL

FXI

Apple's new $3,499 AR headset, Apple Vision Pro, may face trademark issues in China as the name 'Vision Pro' was registered by Huawei Technologies in 2021. This could lead to legal action against Apple for trademark infringement.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 2:32 pm

JPM

JPMorgan is prepared to pay $290 million in a settlement related to its dealings with Jeffrey Epstein. The settlement will be distributed among Epstein's victims.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 1:49 pm

BNTX

PFE

BioNTech is facing a lawsuit filed by a German woman seeking €150,000 ($161,500) in damages for alleged side effects from the company's COVID-19 vaccine. The initial hearing will take place on Monday, with the regional court in Hamburg overseeing the proceedings. BioNTech developed the vaccine in partnership with Pfizer.

Portfolio Pulse from Vandana Singh

June 12, 2023 | 12:59 pm

JPM

SPY

The U.S. Virgin Islands will proceed with a lawsuit against JPMorgan Chase & Co. (JPM), accusing the bank of enabling a former government official to divert funds.

Portfolio Pulse from Charles Gross

June 12, 2023 | 11:40 am

JPM

JPMorgan has agreed in principle to settle with an Epstein victim in a class action lawsuit, according to a Reuters statement. However, litigation is still pending between the US Virgin Islands and the bank.

Portfolio Pulse from Charles Gross

June 12, 2023 | 11:12 am

ALVO

JNJ

TEVA

Alvotech and Teva have secured a US license date for AVT04, a proposed biosimilar to Stelara, and reached a settlement and license agreement with Johnson & Johnson concerning AVT04.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 11:04 am

INDA

UBER

India's top court halted a lower court ruling that allowed Uber and other companies to continue operating bike taxis in Delhi.

Portfolio Pulse from Charles Gross

June 12, 2023 | 9:44 am