Streetbeat News

Regulatory

PROC

Procaps Group has announced that an independent investigation has identified certain historical transactions that require the company to restate its financial statements. Additionally, the company plans to implement a long-term restructuring plan.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:31 pm

CNPOF

CNTMF

SMG

RIV Capital Inc. and Cansortium Inc. have received approval from the New York Cannabis Control Board for their merger, expected to close by the end of 2024. This merger positions the combined company to cover 25% of the U.S. population with significant cultivation and retail operations. The merger offers a unique opportunity for cannabis investors, with RIV Capital's partnership with The Hawthorne Collective, a subsidiary of ScottsMiracle-Gro, further strengthening its position.

Portfolio Pulse from Nicolás Jose Rodriguez

October 10, 2024 | 9:21 pm

USO

Crude oil prices surged over 3% due to Middle East tensions and Hurricane Milton. WTI crude, tracked by USO, rose to $76 per barrel. Israel's military actions in Lebanon and potential threats to Gulf oil facilities are key factors. Gulf nations urge restraint to prevent escalation.

Portfolio Pulse from Piero Cingari

October 10, 2024 | 8:56 pm

NLSP

NLS Pharmaceutics has regained compliance with Nasdaq listing requirements, as per an SEC filing. This development is crucial for maintaining its presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:28 pm

PEV

Phoenix Motor is not in compliance with the Nasdaq minimum bid price requirement as of October 9, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:25 pm

OWLT

Owlet has regained compliance with the New York Stock Exchange (NYSE) listing requirements, which is a positive development for the company and its investors.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:24 pm

TEVA

Teva Pharmaceuticals has agreed to pay $450 million to settle allegations of violating the False Claims Act. The settlement resolves claims that Teva engaged in kickback schemes related to copayments and price fixing.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:06 pm

NUWE

Nuwellis has received a Notice of Allowance for its U.S. patent application for a blood filtration system aimed at treating fluid overload due to congestive heart failure.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 7:58 pm

EIS

ISRA

SPY

USO

Iran has issued secret warnings to U.S. allies in the Middle East, threatening retaliation if they assist Israel in any attacks on Iran. This has led Arab states to inform the U.S. that they will not support any attack on Iran.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 7:49 pm

GSK

PFE

GSK and Pfizer shares are trading lower due to potential declining sales of their Respiratory Syncytial Virus (RSV) vaccines. This follows the CDC's recommendation for a narrow age cohort for routine use.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 7:44 pm