Streetbeat News

Regulatory

STLA

Stellantis has announced that no additional recall actions are planned beyond the current announcements. However, the company has not ruled out the possibility of future precautionary recalls.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:03 pm

BLK

COIN

SEC Chair Gary Gensler has indicated that the approval of spot Ether ETFs might face delays, despite recent 19b-4 filings approvals for several major asset managers. This cautious approach could impact the timeline for listing and trading these ETFs on U.S. exchanges.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 6:00 pm

APXI

APX Acquisition Corp. I (NASDAQ: APXI) has received a delinquency notice from Nasdaq for failing to file its Annual Report on Form 10-K and Quarterly Report on Form 10-Q. The company has until July 29, 2024, to submit a compliance plan.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:49 pm

STLA

Stellantis is expanding a large-scale recall due to defective airbags, now affecting 8 million vehicles in Europe.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:47 pm

KSCP

Knightscope shares are trading higher after the company announced that it was granted an extension to regain compliance with the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:37 pm

DIVD

IDVO

TM

Toyota Motor Corporation (NYSE:TM) shares are trading lower due to a recall of over 100,000 vehicles in the U.S. because of engine debris concerns. However, the company announced a $282 million investment to expand its Huntsville plant, adding 350 new jobs. Investors can gain exposure to Toyota through ETFs like Amplify CWP International Enhanced Dividend Income ETF (NYSE:IDVO) and Altrius Global Dividend ETF (NASDAQ:DIVD).

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 5:29 pm

EIS

SPY

Israel President Herzog, speaking at the Jerusalem Day ceremony, highlighted the daily attacks on Israel by Iran proxies in Lebanon. He urged the world to understand the need to protect Israeli citizens and warned against reactions when the situation escalates.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:26 pm

ACHR

UAL

Archer Aviation Inc. (NYSE:ACHR) shares are up 7.54% after its subsidiary, Archer Air, received a Part 135 Air Carrier & Operator Certificate from the FAA. This certification allows Archer to operate aircraft commercially, refining systems before launching its Midnight aircraft. Archer has also received a Part 145 certificate for specialized aircraft repair services.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 4:52 pm

META

VOX

XLC

Meta Platforms Inc (NASDAQ:META) is facing allegations from the FTC for withholding information during its acquisitions of Instagram and WhatsApp. The FTC is pushing to dismantle Meta through an ongoing lawsuit, claiming that Meta did not provide crucial pre-acquisition documents. Meta argues that its investments in Instagram and WhatsApp have benefited consumers. Meta's stock has gained over 99% in the last 12 months, and investors can gain exposure through ETFs like Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 4:41 pm

LLY

NVO

The UK's National Institute for Health and Care Excellence (NICE) has recommended Eli Lilly's weight-loss drug Mounjaro for certain patients with obesity, without imposing a time limit, unlike Novo Nordisk's rival drug Wegovy. This could lead to Mounjaro being offered by the NHS as an alternative to Wegovy.

Portfolio Pulse from Vandana Singh

June 05, 2024 | 4:21 pm