Streetbeat News

Regulatory

WTW

WTW has launched Climate Quantified Technology, a SaaS tool designed to quantify the financial impact of climate change on companies with high precision. This tool assesses physical and transition risks, supply chain vulnerabilities, and regulatory changes, providing a comprehensive analysis to support strategic decision-making.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:36 am

BA

A federal jury has ordered Boeing to pay $72 million to electric aircraft startup Zunum Aero for allegedly stealing trade secrets. Boeing plans to contest the judgment, which could be tripled under trade secrets law. This comes amid ongoing regulatory scrutiny and a significant year-to-date stock decline for Boeing.

Portfolio Pulse from Anan Ashraf

June 03, 2024 | 7:17 am

CMCL

Caledonia Mining Corporation Plc (NYSE: CMCL) will file a preliminary economic assessment (PEA) for the Bilboes sulphide gold project. The PEA includes significant changes, such as a modular construction of the Tailings Storage Facility (TSF) to reduce initial capital expenditure and improve economic returns. The company plans to upgrade the study to a feasibility level within the next 9 months.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:10 am

QGEN

QIAGEN has launched the QIAstat-Dx Gastrointestinal Panel 2 in the US after receiving FDA clearance. This rapid test can detect up to 16 GI pathogens in about an hour, improving diagnosis efficiency compared to traditional methods.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 7:06 am

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

X

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