Streetbeat News

Regulatory

CYN

Cyngn's CEO announced that the company is considering a reverse stock split to meet Nasdaq's $1 minimum bid price requirement before the late August deadline.

Portfolio Pulse from Charles Gross

May 31, 2024 | 11:11 am

BA

EADSY

The IATA summit in Dubai will address challenges such as geopolitical tensions, aircraft shortages, and environmental goals. The aviation industry has returned to profitability, but faces rising costs and increased competition. Boeing's production issues and Airbus's comments highlight ongoing industry concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:07 am

PNM

PNM Resources announced that its unit, Public Service Company of New Mexico (PNM), has received approval from the New Mexico Public Regulation Commission to add 410 megawatts of solar and battery storage capacity by summer 2026. This move aims to meet the growing demand from PNM's retail customers, which saw record peak demand in the summers of 2022 and 2023.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:35 am

UBS

UBS Group AG has completed its merger with Credit Suisse AG, facilitated by strong regulatory support globally.

Portfolio Pulse from Charles Gross

May 31, 2024 | 10:32 am

MSFT

OpenAI has revealed that its AI tools are being exploited by networks associated with Russia, China, Iran, and Israel to spread disinformation. These operations have focused on various global issues, including Russia’s invasion of Ukraine and the Gaza conflict. OpenAI is working on AI-powered tools to detect and combat such disinformation.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 10:21 am

TSLA

Tesla is recalling over 125,000 cars due to faulty seat belt warnings. The National Highway Traffic Safety Administration (NHTSA) highlighted that the seat belt warning light and chime may not activate as intended, increasing the risk of injury. Tesla will deploy a software update in June to fix the issue at no cost to customers.

Portfolio Pulse from Anan Ashraf

May 31, 2024 | 10:05 am

MLAB

Mesa Laboratories has delayed the release of its Q4 and FY 2024 financial results due to ongoing year-end audit processes. The delay is related to finalizing calculations for impairments and purchase accounting for the GKE acquisition. The new Form 10-K filing deadline is June 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 10:04 am

TSLA

Tesla is recalling 125,000 vehicles in the U.S. due to a faulty seat belt warning system. The company will address the issue through an over-the-air (OTA) software update, as reported by Reuters citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

May 31, 2024 | 9:32 am

ETHUSD

Cryptofy Hub forecasts Ethereum (ETH) could reach $10,000 by year-end, citing a rising wedge pattern and strong whale accumulation. Despite typical bearish interpretations of the pattern, the platform remains optimistic. The SEC's approval of the first-ever spot Ether ETFs in the U.S. has also boosted sentiment.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 9:10 am

ABBV

The Committee for Medicinal Products for Human Use (CHMP) has given a positive opinion on AbbVie's SKYRIZI for treating adults with moderately to severely active ulcerative colitis. This decision is based on successful results from two Phase 3 trials, INSPIRE and COMMAND, which met primary and key secondary endpoints.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:03 am