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Amazon Denied Immunity In Sodium Nitrite Suicide Lawsuits: Supreme Court Shifts Burden Of 'Foreseeability' To Online Retailers - Amazon.com (NASDAQ:AMZN)
Benzinga· 2026-02-20 02:36
Core Viewpoint - The Washington Supreme Court ruled unanimously that Amazon.com Inc. must face negligence lawsuits related to suicides involving sodium nitrite purchased on its platform, reversing a previous lower court decision and removing the company's legal immunity in such cases [1][2]. Group 1: Legal Implications - The 9-0 ruling indicates a significant shift in holding tech platforms accountable for the distribution of lethal substances, rejecting the argument that suicide acts as a "superseding cause" that breaks corporate liability [2]. - Justice Steven Gonzalez highlighted that Amazon's algorithm may have contributed to promoting harmful products by suggesting additional items alongside sodium nitrite [3]. Group 2: Allegations and Public Response - Families of 28 individuals allege that Amazon created "suicide kits" by bundling sodium nitrite with other items such as scales and anti-nausea medication, which they claim facilitated self-harm [4]. - Attorney Carrie Goldberg emphasized that Amazon, as a major corporation, should not profit from products known to be used for self-harm, marking a significant change in accountability for tech platforms [5]. Group 3: Amazon's Position and Future Actions - Amazon expressed condolences but maintains that sodium nitrite is a legal food preservative that was misused, and has since restricted sales of the chemical at purity levels above 10% [6]. - The case's return to trial court sets a precedent for how online retailers must monitor and restrict potentially lethal products sold through third-party vendors [6]. Group 4: Financial Performance - Amazon's stock (AMZN) has underperformed, declining by 9.55% year-to-date, compared to a 1.62% decrease in the Nasdaq 100 index, with a 10.15% drop over the last six months and 9.61% over the past year [7].
Cathie Wood Bets $25 Million On Figma After AI-Powered Earnings Beat - Figma (NYSE:FIG)
Benzinga· 2026-02-20 02:05
On Thursday, Cathie Wood-led Ark Invest made significant trades, with a notable purchase of Figma Inc (NYSE:FIG) shares.The Figma TradeARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW) acquired a substantial number of Figma shares. The purchase amounted to 964,342 shares in total, with 823,965 shares bought by ARKK and 140,377 shares by ARKW. At the closing price of $25.86, this acquisition is valued at approximately $24.93 million.Other Key Trades:Benzinga Edge Stock Rankings ...
Bitcoin, Ethereum, XRP, Dogecoin Flat As Iran Tensions Rise: Analyst Identifies 'Resistance To Clear' For A BTC 'Breakout' - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)
Benzinga· 2026-02-20 01:59
Leading cryptocurrencies moved sideways on Thursday, while commodities gained as President Donald Trump weighed a military attack on Iran.Crypto Market LanguishesBitcoin extended its sideways movement as trading volumes stayed subdued. Ethereum meandered in the high $1,900s region, awaiting a decisive breakout above $2,000.Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) , closed up 3.39% and 1.15%, respectively.Over $160 million was ...
Meta Slashes Employee Equity For Second Year As Mark Zuckerberg-Led Tech Giant Gears Up To Fund Mega $135 Billion 'Superintelligence' Infrastructure - Meta Platforms (NASDAQ:META)
Benzinga· 2026-02-20 01:42
Meta Platforms Inc. (NASDAQ:META) has reduced annual stock awards for the majority of its workforce by approximately 5%, marking the second consecutive year of equity cuts as the company reallocates billions toward Artificial Intelligence.Funding The AI Arms RaceThe move of slashing stock awards comes as CEO Mark Zuckerberg prepares for a massive infrastructure expansion, with 2026 capital expenditure projected to reach a record-high range of $115 billion to $135 billion.The reduction in employee compensati ...
World's Largest Gold Miner Newmont Reports Q4 Earnings: Details - Newmont (NYSE:NEM)
Benzinga· 2026-02-19 22:17
Core Insights - Newmont reported quarterly earnings of $2.52 per share, exceeding the consensus estimate of $2 by 25.94% [2] - Quarterly revenue reached $6.82 billion, surpassing the analyst consensus estimate of $6.16 billion and increasing from $5.65 billion in the same period last year [2] - The company achieved record free cash flow of $7.3 billion and generated $3.6 billion from portfolio optimization [3] Financial Performance - Newmont returned $3.4 billion to shareholders and reduced debt by $3.4 billion, ending the year with a strong net cash position [3] - The stock price of Newmont rose 0.85% to $126.47 in extended trading [3] Production and Guidance - The CEO highlighted that 2025 was a milestone year for Newmont, as the company delivered on its full-year guidance and made significant progress on its commitments [2]
World's Largest Gold Miner Newmont Reports Q4 Earnings: Details
Benzinga· 2026-02-19 22:17
Core Insights - Newmont reported quarterly earnings of $2.52 per share, exceeding the consensus estimate of $2 by 25.94% [2] - Quarterly revenue reached $6.82 billion, surpassing the analyst consensus estimate of $6.16 billion and increasing from $5.65 billion in the same period last year [2] - The company achieved a record $7.3 billion in free cash flow and generated $3.6 billion from portfolio optimization [3] Financial Performance - Newmont returned $3.4 billion to shareholders and reduced debt by $3.4 billion [3] - The company closed the year with a strong net cash position [3] Production and Guidance - Newmont's CEO highlighted that 2025 was a milestone year, as the company delivered on its full-year guidance and strengthened its financial position [2]
Copart Stock Drops After Q2 Earnings: Here's Why
Benzinga· 2026-02-19 22:01
Here's a look at the details from the quarter. CPRT stock is moving. Watch the price action here.Q2 Details Copart reported quarterly earnings of 36 cents per share, which missed the consensus estimate of 40 cents, according to data from Benzinga Pro. Quarterly revenue of $1.12 billion missed the Street estimate of $1.14 billion and was down from $1.16 billion in the same period last year.The company will hold a conference call on Thursday at 5:30 p.m. ET to discuss the results. Expert IdeasCopart stock car ...
Gold is Back - How to Profit by April 17
Benzinga· 2026-02-19 21:26
As a trader, I’m less interested in the day-to-day noise, including gold’s recent dip below $5,000/oz, and more focused on what the charts and the data are pointing to next.And since the Friday the 13th slide, the world’s favorite asset has not only regained its footing — it’s tilting bullish again.In fact, as of today, a new gold pattern has started that’s gifting us multiple opportunities to profit. And today, I’m going to show you one of my favorites.VanEck Gold Miners ETFWhen this seasonal pattern trigg ...
DoorDash Stock Gives Q4 Whiplash, Analysts Defend Bull Case
Benzinga· 2026-02-19 21:21
DoorDash, Inc. (NASDAQ:DASH) shares were volatile Thursday as investors weighed top and bottom line Q4 misses against robust growth in Marketplace Gross Order Volume (GOV). DASH stock is moving. See the chart and price action here. The delivery giant reported quarterly earnings of 48 cents per share, missing the analyst consensus of 60 cents. Revenue reached $3.96 billion, marking a 38% year-over-year increase, yet fell short of the $3.99 billion anticipated by Wall Street.DoorDash stock fell immediately fo ...
Franklin Templeton Canada Announces Investment Fund Updates, including Fee Reductions and Series Terminations - Franklin Resources (NYSE:BEN)
Benzinga· 2026-02-19 21:05
The updates are:Fee Reduction – Franklin Innovation FundThe actively managed five–star Franklin Innovation Fund combines a strong rating with a cost structure that is among the most competitive in its peer group.1 Effective March 1, 2026, the management fees and administration fees for Franklin Innovation Fund will be reduced for each series, which are detailed in the table below.Proposed Investment Objective Changes – Franklin Quotential Balanced Growth Portfolio, Franklin Quotential Balanced Income Portf ...