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The action-packed week also includes the Fed's policy meeting, with the central bank expected to raise interest rates by 25 basis points on Wednesday. As of Friday, second-quarter earnings are expected to decline by 7.9%, according to Refinitiv data. The tech-heavy Nasdaq (.IXIC) has rallied 34% so far this year, outperforming its Wall Street peers, as rate-sensitive megacap growth companies jumped on hopes of an end to the Fed's tightening cycle and optimism over AI. Ten of the 11 major S&P 500 sectors were higher, led by a 2.1% gain in energy stocks (.SPNY). The S&P index recorded 14 new 52-week highs and one new lows, while the Nasdaq recorded 41 new highs and 67 new lows.

Persons: Barbie, Chris Zaccarelli, Toymaker Mattel, AMC's, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, Anil D'Silva Organizations: Chevron, Dow, Nasdaq, Federal Reserve, Microsoft, Google, Reuters, Independent, Alliance, Dow Jones, AMC Entertainment, NYSE, Thomson Locations: Bengaluru

☆ AMC shares spike after a judge blocks plan to convert APE shares
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMC shares spike after a judge blocks plan to convert APE sharesCNBC’s Kristina Partsinevelos joins 'Power Lunch' to report on AMC shares spike as a judge blocked APE shares.

Persons: Kristina Partsinevelos Organizations: AMC

Last week, Netflix (NFLX.O) and Tesla (TSLA.O) posted less-than-stellar quarterly reports. The electric-vehicle maker eased 1.3% in premarket trading after UBS downgraded its rating on the stock, while other megacap growth and technology shares edged higher. ET, Dow e-minis were up 44 points, or 0.12%, S&P 500 e-minis were up 8.75 points, or 0.19%, and Nasdaq 100 e-minis were up 35.25 points, or 0.23%. AMC Entertainment (AMC.N) jumped 47.5% after a judge blocked the theater chain's stock conversion plan that risked diluting investors' holdings in the company. Reporting by Bansari Mayur Kamdar and Johann M Cherian in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Barbie, Sophie Lund, Yates, Hargreaves Lansdown, Mattel, AMC's, Bansari Mayur Kamdar, Johann M, Saumyadeb Chakrabarty, Shounak Organizations: UBS, Dow, Nasdaq, Federal Reserve, Microsoft, Netflix, Reuters, Fed, Dow e, Warner Bros, AMC Entertainment, Global, PMI, Thomson Locations: Bengaluru

☆ AMC shares jump as stock conversion plan halted, preferred shares slide
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - Meme stock AMC Entertainment Holdings (AMC.N) soared in premarket trading on Monday after a judge blocked the theater chain's stock conversion plan that risked diluting investors' holdings in the company. The highly shorted AMC common shares were the most traded across all stocks trading before the opening bell at 05:58 a.m. Preferred shares "APE" fell 2.8% to $1.75. AMC investors had sued the company in February, alleging a plan to convert preferred stock to common stock was enacted to circumvent the will of common stock holders who opposed the issuing of new shares. The company filed a revised petition for a stock conversion plan addressing the Delaware court's concerns over other shareholders, CEO Adam Aron said on Sunday.

Persons: Adam Aron, Oppenheimer, Medha Singh, Krishna Chandra Organizations: AMC Entertainment Holdings, AMC, GameStop, Koss, Thomson Locations: Delaware, United States, Canada, Bengaluru

☆ Stocks making the biggest moves midday: AMC Entertainment, Mattel, Chevron, Spotify and more
▼ + stars: | 2023-07-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Knight-Swift Transportation — The freight transportation company's shares gained more than 1%. Knight-Swift reported adjusted earnings of 49 cents per share on revenue of $1.55 billion. Intuitive Surgical reported adjusted earnings of $1.42 per share on revenue of $1.76 billion. The fast-food chain reported mixed quarterly results, including adjusted earnings of $3.08 per share, beating analysts' predictions for $3.05 per share. Spotify — The music streaming company's shares dropped 5.5% after Spotify announced price increases for its premium subscription plans.

Persons: Oppenheimer, Riley, Eric Wold, Barbie, Mike Wirth, Chevron, Swift, Domino's, Becton Dickinson, Raymond James, Gilead, Estée Lauder, Piper Sandler, — CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: AMC, Mattel, Warner Bros, Chevron, Swift Transportation, U.S . Food, Drug Administration, Sirius XM, Deutsche Bank, Nasdaq, Spotify, Gilead Sciences Locations: New York, U.S, Gilead, China

☆ AMC Entertainment Shares Soar After Judge Blocks Equity Transactions
▼ + stars: | 2023-07-21 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

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Organizations: Wall Street

☆ One family may have to travel 185 miles to Chicago to get gender-affirming care after Indiana banned treatment for trans minors
▼ + stars: | 2023-07-15 | by ( Arleigh Rodgers | Michael Goldberg | Associated Press | ) www.businessinsider.com time to read: +10 min

An expert said trans kids need what all young people need: "to feel included and part of a family." The following afternoon, Flower and Jennilyn Nichols would see a doctor at the University of Chicago to learn whether they could keep Flower, 11, on puberty blockers. At least 20 states have enacted laws restricting or banning gender-affirming care for trans minors, though several are embroiled in legal challenges. Flower Nichols hugs her mom, Jennilyn Nichols, as they watch the Pride Parade, Saturday, June 10, 2023, in Indianapolis. Flower Nichols, middle, watches the Pride Parade with her parents Kris and Jennilyn Nichols, Saturday, June 10, 2023, in Indianapolis.

Persons: Flower Nichols, Jennilyn Nichols, Eric Holcomb, Darron Cummings Jennilyn Nichols, Nichols, Parker, Kris, Darron Cummings, Robert Marx, Marx, Krisztina Inskeep, Inskeep, Indiana University's Riley, Flower, Jennilyn, —, Teresa Crawford, She's, ___ Arleigh Rodgers, Michael Goldberg, Rodgers, Goldberg Organizations: Indiana, Service, University of Chicago, Republican Gov, AP, of Science, Industry, Republican, San José State University, Indiana University's Riley Children's Hospital, Hoosier, Red, Indiana Statehouse, Scout, Chicago's Museum of Science and, Associated Press, America Statehouse News Initiative, America Locations: Indianapolis, Chicago, Wall, Silicon, Indiana, Indiana , Mississippi, babysit, brightened, Chicago's, Jackson

CNN —A federal judge on Tuesday ordered some Biden administration agencies and top officials not to communicate with social media companies about certain content, handing a win to GOP states in a lawsuit accusing the government of going too far in its effort to combat Covid-19 disinformation. In a preliminary injunction issued by US District Judge Terry Doughty, the judge ordered a slew of federal agencies and more than a dozen top officials not to communicate with social media companies about taking down “content containing protected free speech” that’s posted on the platforms. The injunction notes that the government can still communicate with the companies as part of efforts to curb illegal activity and address national security threats. The lawsuit brought by the Missouri and Louisiana attorneys general in 2022 represents a novel way to pursue “censorship” claims accusing the Biden administration of effectively silencing conservatives by leaning on the private social media companies. The judge had previously ordered the administration to produce documents identifying government officials and the nature of their communications with social media platforms.

Persons: Terry Doughty, ” that’s, Vivek Murthy, Karine Jean, Pierre, Doughty, ” Doughty, Donald Trump, Meta, Biden, Doughty hasn’t, ’ Organizations: CNN, Biden, GOP, US District, Department of Health, Human Services, National Institute of Allergy, US Centers for Disease Control, Justice Department, FBI, White House Press, Facebook, Twitter, YouTube, White, Google Locations: Missouri, Louisiana

☆ Judge blocks new Florida election law, signed by DeSantis this spring, calling it the 'latest assault on the right to vote'
▼ + stars: | 2023-07-03 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

A federal judge has temporarily blocked enforcement of a new election law in Florida. The law imposed new limits on voter registration and get-out-the-vote operations. Groups that retained certain voter registration information, such as for get-out-the-vote operations, could under the law also face felony prosecution. Critics also argued that the limit on non-citizen participation on registration drives violated the right to equal protection under federal law. "Herrera-Lucha, a noncitizen who, herself, lacks the right to vote, has spent years registering and encouraging citizens to exercise that solemn right," Walker wrote.

Persons: —, Ron DeSantis, Mark Walker, Walker, Barack Obama, Critics, Cord Byrd, Veronica Herrera, " Herrera Organizations: Service, Gov, Republican, Groups, Northern, Northern District of, United, NAACP, Lucha Locations: Florida, Northern District, Northern District of Florida, El Salvador

☆ Abortion regulations and LGBTQ-related legislation among state laws taking effect Saturday
▼ + stars: | 2023-07-01 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +4 min

CNN —As several state legislative sessions have concluded or are drawing to a close, some of the high-profile legislation enacted by state lawmakers is just taking effect. Many states saw particularly polarizing sessions, with Democrats and Republican state lawmakers moving in opposite directions on abortion- and LGBTQ-related legislation. The legislation requires K-12 public schools to define sex as “an immutable biological trait,” and says it is “false” to use a pronoun other than the sex on a person’s birth certification. The bathroom ban applies in places such as public schools, prisons and state universities. Abortion restrictionsNorth CarolinaA federal judge on Friday cleared the way for North Carolina’s 12-week ban on most abortions to take effect Saturday.

Persons: “ Organizations: CNN, Republican, GOP, Georgia, Tennessee, Florida Teachers, of, Iowa Teenagers Locations: Dakota, South Dakota, Georgia, Florida, codifying, Carolina, Wyoming, Iowa

☆ Judge Blocks Kentucky’s Transgender Care Ban for Minors
▼ + stars: | 2023-06-28 | by ( Anna Betts | ) www.nytimes.com time to read: +1 min

The NewsA federal judge temporarily blocked part of a Kentucky state law from taking effect that would ban the prescription and administration of puberty blockers and hormone therapy for transgender people younger than 18. The judge said the plaintiffs were likely to succeed in their challenge to the law on constitutional grounds. The preliminary injunction was issued Wednesday afternoon by Judge David J. Hale of the U.S. District Court for the Western District of Kentucky. It comes almost two months after the American Civil Liberties Union of Kentucky filed a lawsuit on behalf of seven transgender children and their parents. Judge Hale, who was appointed by former President Barack Obama in 2014, said in his ruling that, based on the evidence, the treatments barred by the law “are medically appropriate and necessary for some transgender children” according to major medical organizations.

Persons: Judge David J, Hale, Judge Hale, Barack Obama Organizations: U.S, Western, of, American Civil Liberties Union of Kentucky Locations: Kentucky, of Kentucky

June 22 (Reuters) - A Wyoming judge on Thursday temporarily blocked a law banning medication abortion in the Western state, delaying what could be the nation's first such ban while a lawsuit challenging it makes its way through the courts, the Casper Star Tribune reported. Wyoming's ban, one of numerous abortion restrictions passed by Republican lawmakers in U.S. states in the year since the Supreme Court ended the constitutional right to an abortion by overturning the 50-year-old Roe vs. Wade decision, was set to go into effect July 1. "Essentially the government under this law is making the decision for a woman rather than the woman making her own health care choice," Ninth District Court Judge Melissa Owens said, according to the newspaper. Medication abortion, also called medical abortion, involves taking two drugs, mifepristone and misoprostol, to end a pregnancy. Reporting by Sharon Bernstein; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Roe, Wade, Melissa Owens, Sharon Bernstein, Sonali Paul Organizations: Casper Star Tribune, Republican, Thomson Locations: Wyoming, Western, U.S

☆ Judge Blocks Arkansas Ban on Gender-Affirming Care for Minors
▼ + stars: | 2023-06-21 | by ( Adolfo Flores | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 257b55aa Locations: arkansas

June 20 (Reuters) - The U.S. Supreme Court on Tuesday threw out a lower court ruling that blocked South Carolina from ending public funding to Planned Parenthood, giving the Republican-governed state another chance to defend its bid to deprive the reproductive healthcare and abortion provider of government money. Circuit Court of Appeals had barred South Carolina from terminating funding to Planned Parenthood South Atlantic, the organization's regional affiliate, under Medicaid, because the organization provides abortions. Planned Parenthood South Atlantic operates clinics in the South Carolina cities of Charleston and Columbia, where it provides physical exams, cancer and other health screenings, as well as abortions. South Carolina is one of numerous Republican-led states that have moved to ban or restrict abortion since the Supreme Court in 2022 overturned the landmark 1973 Roe v. Wade decision that had legalized the procedure nationwide. The law is a revised version of a previous ban that the state's highest court struck down in January.

Persons: Julie Edwards, Henry McMaster, Edwards, Roe, Wade, Andrew Chung, Nate Raymond, Will Dunham Organizations: U.S, Supreme, Republican, Circuit, Appeals, Atlantic, Medicaid, Federal Nursing Home, Thomson Locations: South Carolina, Indiana, Richmond , Virginia, Charleston, Columbia, South Carolina's, New York, Boston

☆ A Utah city violated the First Amendment by denying a drag show permit, federal judge rules, marking an LGBTQ victory
▼ + stars: | 2023-06-18 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

The Southern Utah Drag Stars hoped to put on an all-ages drag show in St. George, Utah. Southern Utah Drag Stars, headed by CEO Mitski Avalōx, had hoped to put on the show in April 2023. Avalōx initially founded Southern Utah Drag Stars to increase access to drag and LGBTQ+ advocacy for youth. The victory for St. George's LGBTQ community marks the third major federal ruling striking down anti-LGBTQ legislation in the last month. In Florida, a federal judge blocked parts of a law that would prohibit transgender youth from receiving puberty blockers, an essential component of gender-affirming care.

Persons: Mitski Avalōx, —, George, David Nuffer, Avalōx Organizations: Southern Utah, Service, HBO, Associated Press, Southern, St Locations: St, George , Utah, Southern Utah, Florida, Indiana

☆ Federal Judge Blocks Florida’s Ban on Transgender Treatment for Minors
▼ + stars: | 2023-06-06 | by ( Joseph De Avila | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, ca5e8147

☆ Federal Judge Blocks Florida’s Ban on Medical Care for Transgender Minors
▼ + stars: | 2023-06-06 | by ( Joseph De Avila | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/federal-judge-blocks-floridas-ban-on-transgender-treatment-for-minors-ca5e8147

Persons: Dow Jones, ca5e8147

☆ Federal judge blocks Florida's ban on gender-affirming care for 3 trans youths
▼ + stars: | 2023-06-06 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

A federal judge in Florida issued a preliminary injunction that will permit three transgender children to receive puberty blockers, even as the state has banned gender-affirming care for minors. Judge Robert Hinkle on Tuesday said the three youths, who are children of the plaintiffs in the case, may receive GnRH agonists, known as puberty blockers. This suit challenges legislation in Florida that bans gender-affirming care for minors, which Gov. The organization estimates that more than 30% of transgendered youth ages 13 to 17 reside in states where they can't access care. Thus far, 20 states have passed laws or policy that ban gender-affirming care for individuals up to age 18, the HRC found.

Persons: Robert Hinkle, Ron DeSantis, Hinkle, DeSantis Organizations: U.S . House, U.S, Capitol, Human, HRC Locations: Florida

☆ Ron DeSantis loses big in court as judge issues scathing ruling on his anti-trans healthcare law: 'Gender identity is real'
▼ + stars: | 2023-06-06 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

Judge Robert Hinkle said 'gender identity is real' and endorsed medical treatment for trans kids. The record makes this clear," Hinkle wrote in his ruling, adding that even a witness for the state agreed. Transgender medical treatment for minors is increasingly under attack, but has been available for over a decade and is endorsed by major medical associations, Hinkle noted. Hinkle wrote that the "treatments at issue are GnRH agonists, colloquially known as 'puberty blockers,' and cross-sex hormones." "The overwhelming weight of medical authority supports treatment of transgender patients with GnRH agonists and cross-sex hormones in appropriate circumstances," Hinkle wrote.

Persons: Robert Hinkle, —, Ron DeSantis, Hinkle Organizations: Service, Republican Gov Locations: Florida

CompaniesCompanies Law Firms Purdue Pharma LP FollowNEW YORK, May 30 (Reuters) - Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company's broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. Circuit Court of Appeals said that U.S. bankruptcy law allows legal protections for non-bankrupt parties, like the Sacklers, in extraordinary circumstances. Purdue has pleaded guilty to charges related to its opioid marketing, while its owners have expressed regret but denied wrongdoing. The Sackler contribution accounts for most of the cash payment in a broader bankruptcy settlement that Purdue values at more than $10 billion. Similar lawsuits related to the U.S. opioid crisis have resulted in more than $50 billion in settlements with opioid manufacturers, drug distributors and pharmacy chains.

Persons: Sackler, Eunice Lee, Richard Wesley, Wesley, OxyContin, Mortimer Sackler, Raymond Sackler, Dietrich Knauth, Bill Berkrot, Alexia Garamfalvi Organizations: Law, Purdue, Purdue Pharma, The, Circuit, Appeals, U.S, Supreme, U.S . Centers for Disease Control, Thomson Locations: U.S, The New York

☆ Supreme Court rules for Idaho landowners in wetlands dispute
▼ + stars: | 2023-05-25 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Supreme Court on Thursday weakened a landmark water pollution law by ruling that an Idaho couple's property does not include wetlands subject to federal oversight under the law. The case saw the Sacketts return to the Supreme Court for the second time after the justices ruled in their favor in an earlier case in 2012. The Sacketts turned to the Supreme Court for a second time after the 9th U.S. In 2006, four justices said the Clean Water Act covered wetland with a "continuous surface connection" to a waterway but there was not a clear majority. On March 19, a federal judge blocked the rule in Idaho and Texas, saying it unlawfully expanded federal jurisdiction beyond what Kennedy had envisioned.

☆ US bankruptcy judge blocks NBA team Phoenix Suns' new TV deal
▼ + stars: | 2023-05-10 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

NEW YORK, May 10 (Reuters) - A U.S. bankruptcy judge on Wednesday blocked the NBA's Phoenix Suns from moving ahead with a television and streaming rights deal for its basketball games, saying the team violated the rights of its current broadcast partner, the bankrupt Diamond Sports Group. The Phoenix Suns last month announced they would broadcast future games to television and online streaming through a partnership with Gray Television Inc (GTN.N) and video technology startup Kiswe. The Suns' attorneys argued that its TV deal with Diamond expired with the end of the 2022-2023 regular season, and that the new deal would not interfere with Diamond's rights under its existing contract. "The Suns are saying one thing outside the court and another thing inside it," Lopez said. Financial terms of the Phoenix Suns' contracts with Diamond Sports and with Gray TV were kept sealed in bankruptcy court.

☆ Missouri Judge Blocks Limits on Transgender Healthcare
▼ + stars: | 2023-05-02 | by ( Mariah Timms | ) www.wsj.com time to read: 1 min

Missouri Attorney General Andrew Bailey, a Republican, issued the restrictions on transgender-related healthcare for minors and adults last month. Photo: Patrick Semansky/Associated PressA Missouri judge has temporarily blocked an attempt by the state attorney general to impose strict regulations on transgender-related healthcare for minors and adults. St. Louis County Circuit Judge Ellen Ribaudo issued a temporary restraining order Monday that prevents the state until May 15 from enforcing restrictions announced last month by state Attorney General Andrew Bailey , a Republican, that could have ended most, if not all, gender-transition care in the state.

Law Firms Boies Schiller Flexner LLP FollowMay 1 (Reuters) - A lawyer in the Florida attorney general's office has left to join U.S. law firm Boies Schiller Flexner, the firm said Monday. Deputy Solicitor General Evan Ezray has rejoined the firm's Fort Lauderdale, Florida office as a partner, the firm said. Ezray previously worked at the law firm co-founded by prominent lawyer David Boies from 2017 to 2020, according to his LinkedIn profile. The solicitor general is the chief appellate attorney for the state of Florida and part of the Florida attorney general's office. Read more:Florida board to countersue DisneyU.S. appeals court upholds Florida voting law that judge found discriminatoryDisney sues Florida's DeSantis for 'weaponizing' governmentFlorida judge blocks Republican-backed voting law as discriminatoryOur Standards: The Thomson Reuters Trust Principles.

The Justice Department said the law violated the U.S. Constitution's Fourteenth Amendment, which promises equal protection. The Justice Department also said it was asking the court to issue an immediate order to prevent the law from going into effect on July 1. But many medical associations have said the law is transphobic and that gender-affirming care can be life-saving. Republican Tennessee Governor Bill Lee signed the ban into law last month along with a separate measure restricting drag performances in public. Several other U.S. states have banned gender-affirming care for minors, and over the last several weeks groups have sued over laws adopted in Utah, Florida, Indiana and Arkansas.

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