That's insider trading.....it's illegal, and should be.
That being said....I know, and maybe you know it too...that "news" gets leaked...all the time.
fwiw-
“and you find out some ‘news’ that probably will drive price...you can’t act on that ‘news’.”
Maybe it’s just me, but I think any price, be it for stocks or apples, should reflect the most recent news. The more perfect the information, the better the market. How long do we have to wait to see an accurate price so that everything’s all fair? It seems silly to me to punish people for acting in their own best interest, and it seems rather arbitrary where they draw the line between insider and outsider information.