Streetbeat News

Regulatory

LYV

The Department of Justice (DOJ) is expected to announce an antitrust enforcement action against Live Nation, the parent company of Ticketmaster, as soon as Thursday. This action could significantly impact Live Nation's operations as a concert promoter, venue owner, and ticket seller.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 10:44 pm

MSOS

The article discusses the increasing prevalence of daily cannabis use in the U.S., surpassing daily alcohol consumption for the first time in 2022. It highlights the ongoing legal and regulatory battles surrounding cannabis and hemp, including a significant lawsuit led by David Boies. The U.S. cannabis ETF (MSOS) experienced a 4% drop amid these developments.

Portfolio Pulse from Todd Harrison

May 22, 2024 | 10:09 pm

JZXN

Jiuzi Holdings has received notification letters from Nasdaq regarding its non-compliance with the minimum bid price requirement. The company has until November 12, 2024, to regain compliance by maintaining a closing bid price of at least $1 for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:32 pm

FRST

Primis Financial has revealed a notification of delinquency with Nasdaq, indicating potential issues with compliance or reporting requirements.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:02 pm

BREA

Brera Holdings has received a notice from Nasdaq due to a delay in filing its Form 20-F. This notice could have implications for the company's stock listing status.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:57 pm

GURE

Gulf Resources, Inc. (NASDAQ:GURE) has received a non-compliance notice from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024. This puts the company in violation of Nasdaq's continued listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:56 pm

CLF

MT

SCCO

USGO

X

Cleveland-Cliffs refutes U.S. Steel's allegations regarding a failed deal, ArcelorMittal initiates a carbon capture unit, U.S. GoldMining prepares for the Whistler Gold Project, and Southern Copper's Tia Maria project is set to break ground.

Portfolio Pulse from Austin DeNoce

May 22, 2024 | 8:23 pm

CNTB

Connect Biopharma presented positive results from its Phase 2b trial of Rademikibart for moderate-to-severe asthma at the ATS 2024 conference. The treatment showed significant improvements in lung function and asthma control, sustained through Week 24. An End of Phase 2 meeting with the FDA is scheduled for Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:14 pm

DIA

QQQ

SPY

UUP

The minutes from the May FOMC meeting indicate a prolonged period of high interest rates, countering earlier dovish signals from Fed Chair Jerome Powell. Key points include the persistence of inflation, the effectiveness of current policy, and the potential for further tightening. Financial experts highlight the impact on market fluctuations and the challenges faced by the Fed. Major indices closed lower, and the dollar gained ground.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 8:05 pm

GFS

GlobalFoundries Inc has filed a stock shelf registration with the SEC, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:05 pm