Streetbeat News

Regulatory

CVX

HES

Chevron CEO Michael Wirth expects progress on the FTC proposal regarding the proposed deal with Hess in the coming weeks and is confident that their position will be affirmed in arbitration.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:12 pm

SMID

Smith-Midland has received a letter from Nasdaq indicating that the company has regained compliance with its Form 10-K report for the year ended December 31, 2023. However, the company is still not in compliance with Nasdaq Listing Rule 5250(c)(1).

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:07 pm

FLYX

FlyExclusive shares are trading higher after the company received a notice from the NYSE.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:56 pm

RSLS

ReShape Lifesciences, Inc. (NASDAQ:RSLS) shares surged on Wednesday following the approval of its patent for an intragastric device designed to treat obesity. The device is a swallowable implant that expands in the stomach to induce fullness and restrict food intake. The stock is trading on abnormally high volume, significantly above its average session volume.

Portfolio Pulse from Dylan Berman

May 29, 2024 | 2:47 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is under pressure due to soft Treasury auctions and potential rate hikes. Money flows are neutral in NVIDIA and Apple, but negative in Amazon, Alphabet, Meta, Microsoft, Tesla, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust. The momo crowd is buying oil and selling gold, while smart money is inactive. Bitcoin may see a significant drop due to potential Mt. Gox-related sales.

Portfolio Pulse from The Arora Report

May 29, 2024 | 2:42 pm

COP

MRO

ConocoPhillips' CEO expressed optimism about the company's deal with Marathon Oil, describing it as 'pretty clean' in terms of regulatory approval. The CEO is encouraged by the FTC's comments that oil is a global market.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:41 pm

ULCC

Frontier Airlines flight attendants have filed for federal mediation in response to the airline's plans to rework its network and change its business model.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:34 pm

CHUC

MO

The FDA has raised concerns about synthetic nicotine analogues like 6-methyl nicotine, which may be more potent and addictive than traditional nicotine. These substances are not currently regulated under U.S. tobacco and vaping laws, allowing manufacturers to sell them without FDA authorization. Altria Group has highlighted the risks and urged the FDA to evaluate these compounds. Charlie's Holdings, which uses 6-methyl nicotine in its SPREE BAR vapes, is expanding its product line and targeting international markets.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:34 pm

AAPL

Apple's EU App Store sales remain steady despite regulatory changes, with negligible revenue impact after complying with the EU’s Digital Markets Act. Evercore ISI maintains an Outperform rating and a $220 target on Apple.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 1:58 pm

UNH

UnitedHealth Group's shares are trading lower after the company flagged Medicaid risks at the Bernstein 40th Annual Strategic Decisions Conference.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:54 pm