Streetbeat News

Regulatory

X

Nippon Steel has chosen not to comment on U.S. President Donald Trump's statement opposing any entity holding a majority stake in U.S. Steel.

Portfolio Pulse from

February 10, 2025 | 12:30 am

EIX

Levi & Korsinsky has initiated an investigation into Edison International (NYSE:EIX) for potential violations of federal securities laws. This follows a report by the Los Angeles Times about an investigation into whether Southern California Edison equipment caused the Hurst fire.

Portfolio Pulse from

February 09, 2025 | 8:00 pm

D

Levi & Korsinsky has initiated an investigation into Dominion Energy, Inc. for potential violations of federal securities laws. This follows a recent update from Dominion on its Coastal Virginia Offshore Wind project.

Portfolio Pulse from

February 09, 2025 | 3:30 pm

AAWH

The U.S. cannabis industry is expanding, with legal sales surpassing $33.6 billion in 2023 and projected to reach $71 billion by 2030. State-level legalization, such as in Pennsylvania and Ohio, is boosting investor optimism. However, marijuana penny stocks remain volatile, requiring careful analysis.

Portfolio Pulse from

February 09, 2025 | 3:15 pm

GDLC

The Grayscale Digital Large Cap Fund (GDLC) provides diversified exposure to major digital assets. While Bitcoin faces scalability issues, other assets like Ethereum, XRP, and Solana may outperform. However, Trump's trade policies pose a near-term risk to digital assets.

Portfolio Pulse from

February 09, 2025 | 4:15 am

CRGX

Levi & Korsinsky has initiated an investigation into CARGO Therapeutics, Inc. (NASDAQ:CRGX) for potential securities fraud. This follows CARGO's decision to discontinue a Phase 2 clinical study, raising concerns about possible violations of federal securities laws.

Portfolio Pulse from

February 08, 2025 | 11:30 pm

HIMS

The Global Healthy Living Foundation criticized Hims & Hers Health for omitting safety risks and side effects of its weight loss drug in a Super Bowl ad.

Portfolio Pulse from

February 08, 2025 | 7:15 pm

RBGLY

Reckitt Benckiser Group plc is under investigation by The Schall Law Firm for potential securities law violations. The firm is looking into whether Reckitt issued misleading statements or failed to disclose important information to investors.

Portfolio Pulse from

February 08, 2025 | 4:15 pm

CNX

CNX Resources faces challenges due to underwater hedges and unfavorable Treasury rulings on 45V tax credits. The company's stock has dropped 28% since December 1st, with 85% of 2025 production hedged, limiting cash flow upside in a rising natural gas price environment. However, the New Technologies unit's contribution to free cash flow is now more predictable, reducing downside risks.

Portfolio Pulse from

February 08, 2025 | 3:30 pm

THCX

The U.S. cannabis industry is expanding, with legal sales projected to hit $40 billion by 2025. Federal reform momentum is growing, and investors are eyeing top cannabis stocks for growth. However, these stocks are volatile, necessitating risk management and technical analysis.

Portfolio Pulse from

February 08, 2025 | 3:15 pm