Streetbeat News

Regulatory

ERIC

Ericsson (NASDAQ:ERIC) has successfully concluded its compliance monitoring by the DOJ, which was part of a Deferred Prosecution Agreement (DPA) related to FCPA violations. The independent compliance Monitor has certified that Ericsson's anti-corruption measures are effective.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:02 am

NISTY

Nippon Steel is intensifying efforts to acquire U.S. Steel despite opposition from the Biden administration and the United Steelworkers union. Vice Chairman Takahiro Mori is returning to the U.S. for further discussions and is open to asset divestitures to gain regulatory approval. The $14.9 billion deal faces delays due to political resistance but could significantly boost Nippon Steel's profits if completed.

Portfolio Pulse from Benzinga Neuro

June 03, 2024 | 6:49 am

IMMP

MRK

Immutep has partnered with MSD to test a combination of efti and KEYTRUDA in a Phase III trial for first-line non-small cell lung cancer (1L NSCLC). The trial will enroll approximately 750 patients and aims to address the entire 1L NSCLC market eligible for anti-PD-1 therapy. Immutep will conduct the trial, while MSD will supply KEYTRUDA. Immutep retains commercial rights to efti.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:45 am

BNR

Burning Rock Biotech has regained compliance with NASDAQ's minimum bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:11 am

BTCUSD

DOGEUSD

ETHUSD

TSLA

A deepfake video featuring Elon Musk promoting a cryptocurrency scam has been circulating on YouTube, urging viewers to deposit Bitcoin, Ethereum, and Dogecoin in exchange for double the amount. The video has garnered significant attention, with over 35,000 viewers. Elon Musk expressed surprise and concern over the incident.

Portfolio Pulse from Aniket Verma

June 03, 2024 | 4:28 am

BTCUSD

Anthony Scaramucci criticized President Biden's veto of the crypto custody bill, warning it could have significant repercussions. The bill, H.J.Res. 109, aimed to overturn the SEC's approach to banks and crypto, which currently classifies customers' crypto assets as liabilities. Scaramucci also criticized Sen. Elizabeth Warren and supported Republican Senate candidate John Deaton. Biden expressed willingness to work on a comprehensive regulatory framework for digital assets.

Portfolio Pulse from Shanthi Rexaline

June 02, 2024 | 6:49 pm

CELH

CRM

DKNG

HRL

IOT

MDB

NOW

NTNX

SNOW

The article highlights the ten large-cap stocks that were the worst performers last week, including MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius Holdings, Agilent Technologies, Snowflake, ServiceNow, and Hormel Foods. The declines were driven by weak guidance, earnings results, tax hikes, and other factors.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 3:12 pm

ARKB

BLK

HOOD

Cathie Wood's Ark Investment Management has withdrawn its plans for a spot-Ether ETF to focus on a spot Bitcoin ETF instead. The ARK 21Shares Bitcoin ETF ranks fourth in assets, trailing BlackRock's iShares Bitcoin Trust. The SEC has approved filings for spot-Ether ETFs, but issuers still need further approval. Ark's Bitcoin ETF saw a significant outflow recently.

Portfolio Pulse from Bibhu Pattnaik

June 02, 2024 | 2:15 pm

LYV

Live Nation confirmed a data breach in a third-party cloud database involving Ticketmaster data. The company does not believe this will have a material impact on its overall business operations or financial condition.

Portfolio Pulse from Charles Gross

June 02, 2024 | 1:07 pm

TCNNF

John Morgan, a prominent attorney and Democratic fundraiser, is promoting Amendment 3 to legalize adult-use cannabis in Florida. The campaign, funded by Smart & Safe Florida, has raised nearly $50 million, mainly from Trulieve Cannabis (OTCQX:TCNNF). Morgan criticized Gov. Ron DeSantis and hinted at a potential run for governor.

Portfolio Pulse from Maureen Meehan

June 01, 2024 | 5:41 pm