Streetbeat News

Products Services

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) is reportedly shifting its focus from renewable energy projects to oil and gas, implementing a hiring freeze and halting new offshore wind projects. This strategic shift, led by CEO Murray Auchincloss, aims to prioritize investments in oil and gas assets, particularly in the Gulf of Mexico and U.S. onshore shale basins. The move has affected BP's stock performance, with renewable energy returns declining and oil and gas profits soaring.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 9:52 am

BA

A whistleblower has accused Boeing of unsafe manufacturing practices for its 787 Dreamliner, claiming improperly drilled holes in the forward pressure bulkheads. Boeing has stated that these issues do not present a safety concern. The allegations come amid ongoing scrutiny and legal challenges for Boeing.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 9:51 am

RIVN

VWAGY

Rivian Automotive, Inc. (NASDAQ:RIVN) is experiencing a stock rally ahead of its investor day, where key updates on production, margin goals, and a new Georgia plant funded by Volkswagen (OTC:VWAGY) are expected. Fund manager Gary Black anticipates positive news, including reaffirmation of production targets and margin improvements.

Portfolio Pulse from Shanthi Rexaline

June 27, 2024 | 9:49 am

ALK

BA

Boeing has scheduled a briefing with the European Union Aviation Safety Agency (EASA) to discuss production improvements. The company confirmed that only one Alaska Airlines jet was delivered with missing bolts.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:35 am

WENA

ANEW Medical (NASDAQ:WENA) has partnered with Japan's Okinawa Research Center for Longevity Science to develop Klotho gene therapy aimed at combating age-related diseases and enhancing longevity. This collaboration focuses on neurodegenerative disorders such as ALS, Alzheimer's, and Parkinson's Disease.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 9:02 am

GOOG

GOOGL

YouTube, a subsidiary of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), is negotiating with top record labels to license songs for AI music tools. The platform aims to secure the music industry's support by offering upfront payments to legally train AI song generators. This initiative comes as the RIAA sues AI music generators Suno and Udio for using unlicensed works.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 9:01 am

BTCUSD

WikiLeaks founder Julian Assange's return flight to Australia was funded by an anonymous Bitcoin donation worth $520,000. Speculation surrounds the donor's identity, with guesses including Twitter co-founder Jack Dorsey and influencer Andrew Tate. The Bitcoin community is actively discussing the matter.

Portfolio Pulse from Aniket Verma

June 27, 2024 | 8:50 am

IBKR

SPY

Interactive Brokers' Thomas Peterffy announced that the CFTC will not allow election-related contracts on their new prediction market, ForecastEx, due to concerns about potential election influence. ForecastEx will launch on July 8, offering contracts on economic and climate indicators. The CFTC's decision follows a vote to reject event contracts based on political activity to protect U.S. customers.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 8:21 am

AAPL

Apple Inc. (NASDAQ:AAPL) is rumored to release the Apple Watch X or Series 10, featuring the largest display yet at 2 inches, a thinner case, and potentially a magnetic band attachment system. The device is expected to launch in 2024 or 2025, marking the 10th anniversary of the Apple Watch.

Portfolio Pulse from Rounak Jain

June 27, 2024 | 7:33 am

MRK

The FDA has issued a Complete Response Letter (CRL) for the Biologics License Application (BLA) of Daiichi Sankyo and Merck's lung cancer treatment, patritumab deruxtecan, due to third-party manufacturing concerns. The CRL did not identify any issues with the efficacy or safety data submitted.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:13 am