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Regulatory

BA

SPR

U.S. Senate Commerce Chair Maria Cantwell has called for the FAA to conduct a root cause analysis into its oversight of Boeing and other manufacturers. Over a two-year period, the FAA conducted 298 audits of Boeing and Spirit AeroSystems without any enforcement action.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:59 pm

EADSY

Airbus CEO announced that the latest space charges include a provision based on a top-down analysis of risk for the one remaining incomplete contract audit.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:54 pm

FSLR

First Solar Inc (NASDAQ:FSLR) shares are flat as investors await the company's second-quarter earnings report. Analysts expect EPS of $2.69 and revenue of $941.538 million. The stock has recently fallen due to increased tariffs on Chinese solar panels and market oversupply concerns.

Portfolio Pulse from Henry Khederian

July 30, 2024 | 4:50 pm

AMP

LPLA

Ameriprise Financial Services has filed a lawsuit against LPL Financial, alleging that LPL is engaged in a widespread practice of harvesting and misusing confidential client information during advisor recruitment, violating legal and regulatory obligations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:49 pm

VRNOF

More than a year after Maryland legalized recreational cannabis, the state's illicit market remains active despite the commercial success of licensed dispensaries. Maryland's low tax rate and strategic timing have helped legal sales soar, but competition from unlicensed hemp retailers and persistent illegal sales pose challenges.

Portfolio Pulse from Juan Spínelli

July 30, 2024 | 4:45 pm

CGC

TLRY

Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher due to positive earnings from Tilray Brands, Inc. (NASDAQ:TLRY) and favorable political developments for marijuana reform in the U.S. Canopy Growth is set to report its Q1 results on Aug. 9, with analysts expecting losses of 35 cents per share and revenue of $53.84 million.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 4:40 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The article discusses the upcoming earnings report from Microsoft (MSFT) and its potential impact on AI stocks, the start of the FOMC meeting, and the importance of the Bank of Japan's decision. It also highlights early trade money flows in major tech stocks and ETFs, and provides investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

July 30, 2024 | 4:32 pm

AMZN

Amazon has expressed disappointment with the Consumer Product Safety Commission's (CPSC) decision and plans to appeal. The company looks forward to presenting its case in court.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:20 pm

BKNG

Spain's competition regulator has fined Booking.com $447 million for abusing its dominant market position and setting unfair conditions for Spanish hotels since early 2019.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:08 pm

PARA

Edgar Bronfman Jr. is still in talks about a potential bid for National Amusements Inc. (NAI), the parent company of Paramount Global. This comes after Paramount struck a deal with Skydance Media and RedBird Capital Partners, which includes a 45-day 'go shop' provision expiring on August 21st. Bronfman Jr.'s bid is backed by Bain Capital and could be between $2 billion and $2.5 billion. The Skydance deal values Paramount at $8 billion and includes a $400 million break-up fee.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 4:00 pm