Streetbeat News

Regulatory

GM

GM's self-driving unit, Cruise, admitted to submitting a false report to influence a federal investigation and will pay a $500,000 fine as part of a deferred prosecution agreement.

Portfolio Pulse from

November 15, 2024 | 1:30 am

MSFT

The FTC is reportedly investigating Microsoft's cloud computing business for allegedly anti-competitive practices. The focus is on whether Microsoft uses its Office 365 market power to benefit its Azure cloud service.

Portfolio Pulse from

November 15, 2024 | 12:45 am

MGPI

Kessler Topaz Meltzer & Check, LLP is investigating MGP Ingredients, Inc. for potential federal securities law violations. This follows MGPI's revision of its 2024 guidance and release of preliminary Q3 results.

Portfolio Pulse from

November 15, 2024 | 12:45 am

SUI

Levi & Korsinsky has initiated an investigation into Sun Communities, Inc. (NYSE:SUI) for potential violations of federal securities laws following a report by Blue Orca Capital.

Portfolio Pulse from

November 15, 2024 | 12:15 am

MACE

Mace Security International announced a delay in filing its Q3 2024 financial results, citing the need for additional time to prepare its financial statements. The company plans to file the reports by December 30, 2024.

Portfolio Pulse from

November 15, 2024 | 12:15 am

NVAX

Levi & Korsinsky is investigating Novavax, Inc. for potential violations of federal securities laws following the FDA's clinical hold on its combination influenza and Covid-19 shot and stand-alone influenza vaccine.

Portfolio Pulse from

November 15, 2024 | 12:15 am

BEN

Levi & Korsinsky has initiated an investigation into Franklin Resources, Inc. (NYSE:BEN) for potential federal securities law violations. This follows a Wells Notice received by Ken Leech, co-Chief Investment Officer of its subsidiary, Western Asset Management Company.

Portfolio Pulse from

November 15, 2024 | 12:00 am

C

Citigroup is under federal investigation for its connections to sanctioned Russian billionaire Suleiman Kerimov. Kerimov was sanctioned by the US in 2014 and 2018 due to Russia's actions in Syria and Ukraine.

Portfolio Pulse from

November 14, 2024 | 11:30 pm

MRNA

NVAX

PFE

Stocks of vaccine developers, including Moderna, Pfizer, and Novavax, fell sharply after reports that President-elect Donald Trump plans to appoint vaccine skeptic Robert F. Kennedy Jr. as head of the Department of Health and Human Services.

Portfolio Pulse from

November 14, 2024 | 11:30 pm

MSFT

The FTC is reportedly preparing to investigate Microsoft's cloud business practices to determine if the company has used anti-competitive tactics to maintain its market dominance.

Portfolio Pulse from

November 14, 2024 | 11:30 pm