Streetbeat News

Regulatory

AAPL

AMZN

GOOG

GOOGL

Apple, Amazon, and Google are opposing India's proposed Digital Competition Bill, which aims to regulate large digital firms. The US-India Business Council warns that the law could increase user costs and reduce investment in India.

Portfolio Pulse from Ananthu C U

May 28, 2024 | 1:24 pm

C

IBM

NFLX

On CNBC's 'Halftime Report Final Trades,' analysts discussed Netflix, Citigroup, and IBM. Netflix reported high engagement with 90 billion hours of content watched in H2 2023. Citigroup was fined $78.5 million by UK regulators for trading system issues. IBM is exploring new AI models for Salesforce's Einstein 1 platform.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 1:24 pm

TSLA

President Joe Biden has increased tariffs on Chinese electric vehicles to 100% to protect American automakers. Despite this, BYD's budget-friendly Seagull model may remain competitively priced. BYD has overtaken Tesla as the largest global EV manufacturer and plans to introduce the Seagull in Europe next year. The Seagull's arrival is expected to intensify competition among European automakers.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 1:22 pm

VERA

Vera Therapeutics shares are trading higher after the company received FDA Breakthrough Therapy Designation for Atacicept.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:18 pm

FLUT

Flutter Entertainment shares are trading lower after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:14 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) shares are trading lower after the Illinois Senate approved a 2025 budget that includes a significant sports betting tax hike. The new tax rate would more than double the current rate, potentially impacting DraftKings' profitability in Illinois.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 1:10 pm

BLCO

Bausch + Lomb announced that Health Canada has approved its enVista Envy Full Visual Range Intraocular Lens.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:06 pm

INSM

Insmed Incorporated (NASDAQ:INSM) shares surged after the company announced positive topline results from the ASPEN Phase 3 study of brensocatib in patients with non-cystic fibrosis bronchiectasis. The study met its primary and several secondary endpoints, showing significant reductions in pulmonary exacerbations. Insmed plans to file a New Drug Application with the FDA in Q4 2024, with a potential U.S. launch in mid-2025.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 12:58 pm

SINT

Trading halt status for SINT was updated at 8:55:00 AM ET. The quotation resumption times and related news are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 12:55 pm

ABTC

BTCUSD

BTCW

CBTC

The first Bitcoin exchange-traded products (ETPs) have started trading on the London Stock Exchange, marking a significant milestone for cryptocurrency adoption in the U.K. Asset managers WisdomTree and 21Shares listed Bitcoin ETPs, including 21Shares Bitcoin ETN (ABTC), 21Shares Bitcoin Core ETN (CBTC), and WisdomTree Physical Bitcoin ETN (BTCW). These products are currently accessible only to professional investors under FCA regulations.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 12:51 pm