Streetbeat News

Regulatory

LYV

SPY

The U.S. Department of Justice and a group of states have filed a lawsuit against Live Nation Entertainment, according to a court document cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:29 pm

NSC

Norfolk Southern has agreed to pay a $15 million civil penalty and $57.1 million to reimburse the EPA for past response costs related to the 2023 East Palestine derailment.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:27 pm

BCG

Binah Capital Group (BCG) shares have resumed trading after a temporary halt. The resumption of trade could indicate a resolution of underlying issues or new developments within the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:25 pm

ETHUSD

VAN

The SEC faces a crucial deadline today regarding the approval of Ethereum ETFs, with VanEck's application being a focal point. Analysts are optimistic about approval, but trading will not commence immediately due to additional regulatory steps. VanEck advocates for a 'first-come, first-served' approach, criticizing the SEC's simultaneous approval strategy for Bitcoin ETFs.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 2:07 pm

RCON

Recon Technology, Ltd. (NASDAQ:RCON) has regained compliance with Nasdaq listing standards, curing its bid price deficiency. The scheduled hearing has been cancelled, and the company's shares will continue to be listed and traded on The Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:02 pm

DOGEUSD

ETHUSD

SOLUSD

The financial markets are anticipating the approval of the Ethereum (ETH) ETF, sparking discussions about potential future crypto ETFs for Solana (SOL) and Dogecoin (DOGE). Regulatory hurdles and market sentiment suggest a challenging path for a SOL ETF, while political pressure may favor a DOGE ETF. The upcoming Benzinga Future of Digital Assets event will provide insights into these developments.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 1:41 pm

DIS

Reliance and Disney have filed confidential antitrust papers for a merger of their media assets in India. They have assured the Indian antitrust body that the merger will not affect competition or advertisers, even with combined cricket rights.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:30 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) has started constructing its first Megapack energy storage battery factory outside the USA in Shanghai. The $200 million plant is expected to begin mass production in early 2025 with an initial capacity of 10,000 units annually. The project has received regulatory approval and already secured its first customer, Shanghai Lingang Economic Development Group.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 1:29 pm

BTCUSD

ETHUSD

SEC Chair Gary Gensler did not comment on the SEC's plans regarding an Ether ETF at a recent DC event. He emphasized that the SEC is committed to following the law on crypto ETF bids.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:19 pm

BLK

The potential approval of an Ethereum (ETH) ETF is generating significant market buzz, with key players like BlackRock (NYSE:BLK) amending their ETF filings. Analysts predict a strong likelihood of approval, which could lead to substantial price movements for ETH. The approval would enhance the credibility of the cryptocurrency industry and attract institutional investors.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 1:07 pm