Streetbeat News

Legal

COIN

A U.S. appeals court has partially revived a class action lawsuit against Coinbase (NASDAQ:COIN), which was initially dismissed in February 2023. The lawsuit alleges Coinbase facilitated the trading of unregistered securities. The appeals court has sent the case back to the district court for further ruling, focusing on the necessity of physical contracts for an asset to be considered a security. This decision could influence future regulatory decisions in the digital assets space.

Portfolio Pulse from Khyathi Dalal

April 08, 2024 | 9:20 pm

CASI

CASI Pharmaceuticals announced that an emergency arbitrator from the Hong Kong International Arbitration Centre granted it emergency injunctive relief against Juventas Cell Therapy Ltd., prohibiting Juventas from commercializing CNCT19 independently or through third parties pending arbitration.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 9:03 pm

PEV

Phoenix Motor Inc announced the resignation of J. Mark Hastings as CFO, effective April 10, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:14 pm

AUUD

LGVN

PERI

PLOW

WTO

U.S. stocks traded higher with the Nasdaq Composite gaining 0.1%. Consumer discretionary shares jumped by 0.9%, while health care shares fell by 0.3%. Perion Network Ltd. (NASDAQ:PERI) cut its FY24 revenue guidance significantly. Auddia Inc. (NASDAQ:AUUD) surged 199% after being awarded a U.S. Patent for its AI technology in the faidr app. UTime Limited (NASDAQ:WTO) and Longeveron Inc. (NASDAQ:LGVN) also saw significant gains. Douglas Dynamics, Inc. (NYSE:PLOW) fell after a downgrade by Baird. Gold and silver prices increased.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 6:51 pm

CURLF

Recent developments in Europe's cannabis sector include the arrest of French mayor Jamilah Habsaoui with 70kg of cannabis resin found in her home, the closure of Christiania's Pusher Street in Denmark to halt cannabis sales, and the rapid growth of Poland's medical marijuana market, highlighted by Curaleaf International's expansion through the acquisition of Can4Med. Curaleaf Holdings Inc (OTCQX:CURLF) is recognized for its significant role in the European cannabis market.

Portfolio Pulse from Nina Zdinjak

April 08, 2024 | 4:50 pm

AAOI

Applied Optoelectronics, Inc. (AAOI) has reached a settlement in its patent infringement lawsuit against Molex, LLC. This resolution may impact AAOI's financial and market position positively, as it potentially safeguards its intellectual property and could lead to financial compensation or beneficial terms.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:43 pm

DJT

Trump Media & Technology Group's shares are trading lower following its Nasdaq debut, amid calls by Democrats for an inquiry into alleged influence peddling.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 3:03 pm

SSL

The Minister of Forestry, Fisheries and the Environment overturned a previous decision, allowing Sasol South Africa (SSA) to regulate sulphur dioxide emissions from its Secunda Operations based on load limits rather than concentration limits, from April 2025 to March 2030. This decision follows an appeal by SSA against the National Air Quality Officer's refusal to permit alternative emission load regulation. Sasol aims to improve air quality and reduce its environmental footprint, and will work with the Minister to finalize regulatory requirements.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:29 pm

DELL

FJTSY

HPE

INTC

R2 Semiconductor has filed a patent infringement lawsuit against Intel and its customers, including Dell and HP, in France, following successful court actions in Germany. The lawsuit, which concerns integrated voltage regulation technology, comes ahead of a similar trial against Intel in the U.K. R2 has also sued Amazon Web Services and Fujitsu in Germany for using infringing Intel chips. R2's technology is claimed to be critical to Intel's products in various markets, yet R2 alleges it has not been compensated.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:04 pm

AAPL

BTCUSD

ETHUSD

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm