Streetbeat News

Products Services

AAPL

iFixit and PIRG have petitioned the FTC for nationwide right-to-repair regulations, targeting electronics manufacturers' restrictive practices. The petition calls for easier component replacement and opposes manufacturers' requirements for repair shops to disclose customer information. Apple Inc. (AAPL) is mentioned as using the 'parts pairing loophole' to restrict repairs to its own manufactured parts. The FTC's rulemaking process is lengthy and has not yet addressed the petition. The right-to-repair movement has various opponents, including a Scientology church-owned entity, Author Services, opposing software lock workarounds.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 1:17 am

BTCUSD

ETHUSD

VanEck's Portfolio Manager Pranav Kanade discussed the investment prospects of Bitcoin and Ethereum at the Benzinga Future of Digital Assets event. He highlighted Bitcoin's potential for asymmetric returns but cautioned about its volatility. Kanade is optimistic about Bitcoin adoption due to easier access and the upcoming Bitcoin halving in April 2024. VanEck, a family-owned firm managing $80 billion, approaches crypto investments by assessing the sustainability of crypto ventures and their return mechanisms. Ethereum is valued based on the fees generated by applications on its platform, benefiting ETH token holders and stakers.

Portfolio Pulse from Khyathi Dalal

November 14, 2023 | 10:56 pm

JUSHF

Jushi Holdings Inc. reported Q3 2023 financial results with revenue of $65.4M and improved net loss and EBITDA. The company's net loss decreased by 62.3% YoY to $20.6M, and adjusted EBITDA grew to $9.7M. The success is attributed to disciplined cost management and the positive response to new SKUs. Jushi's shares were up 0.76% at $0.87 per share.

Portfolio Pulse from Nicolás Jose Rodriguez

November 14, 2023 | 10:54 pm

IRON

Disc Medicine has been granted a US patent for methods of treating erythropoietic protoporphyrias using Bitopertin. This development could potentially enhance the company's intellectual property portfolio and provide a competitive edge in the treatment of this condition.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:53 pm

LRN

Stride Inc. (NYSE:LRN), a leading technology-based education company, hosted an Investor Day where it presented its long-term strategy and financial targets for FY2028. The company expects to see revenue between $2.7B and $3.3B, adjusted operating income between $415M and $585M, and earnings per share (EPS) between $6.15 and $8.35. Stride's CEO, James Rhyu, expressed confidence in the company's growth trajectory, its ability to introduce new products, and enter new markets to serve more students and drive shareholder value.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:27 pm

GTLS

Chart Industries, Inc. (NYSE:GTLS) has received Korean Gas Safety (KGS) certification for its liquid hydrogen (LH2) bulk transport trailers, making it the first approved supplier for the Korean market. The trailers, built in Theodore, Alabama, meet Korea's stringent safety standards and offer a payload of over 3,100 kg. This approval positions Chart as a leader in the hydrogen transport market and aligns with the increasing demand for clean energy in Korea.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:19 pm

NTBL

Notable Labs, Ltd. (NASDAQ:NTBL) filed its Q3 2023 Form 10-Q, reporting financial results for the period ended September 30, 2023. The report includes pre-merger financials of VBL Therapeutics. Post-merger, Notable Labs had $14.3M in cash and equivalents as of October 31, 2023. The company, now trading under NTBL, is advancing its PPMP platform and cancer therapies, including Volasertib for AML. Additional financial details will be provided in a Form 8-K later in November. Phase 2a trial results for Fosciclopirox in AML patients are expected before the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:17 pm

PEV

Phoenix Motor Inc. (NASDAQ:PEV) has won the bid to acquire the Proterra Transit business from Proterra Inc. for a total cash consideration of $10 million. This acquisition will expand Phoenix's product line to include full-size transit buses, complementing its medium-duty offerings. The deal is subject to U.S. Bankruptcy Court approval, with a hearing scheduled for November 28, 2023. Phoenix will also release its Q3 2023 earnings and host a webcast for investors today.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:58 pm

GBTC

At Benzinga's Future of Digital Assets event, Bitwise's Matt Hougan highlighted the potential impact of a Bitcoin ETF, comparing it to the transformative effect of gold ETFs. Grayscale's Brooke Stoddard discussed the Grayscale Bitcoin Trust's evolution towards an ETF. WisdomTree's Ryan Louvar emphasized the diversification benefits of Bitcoin, and Invesco's Todd Kuehl spoke on regulatory challenges. The market has yet to fully price in the significance of a Bitcoin ETF approval.

Portfolio Pulse from Murtuza Merchant

November 14, 2023 | 9:57 pm

BXC

LPX

BlueLinx Holdings Inc. has expanded its distribution partnership with Louisiana-Pacific Corporation. The expansion includes selling both product lines throughout the entire distribution footprint of BlueLinx, which now encompasses Hawaii and Alaska.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:56 pm