Streetbeat News

Regulatory

QQQ

SPY

Veteran Wall Street investor Ed Yardeni believes we're still in a bull market, supported by a less aggressive Federal Reserve, positive earnings season, and a drop in geopolitical risk premiums, as indicated by the decline in Brent crude oil prices. The normalization of stock market sentiment indicators and recent economic data suggest potential for continued growth. The S&P 500 and Invesco QQQ Trust have shown gains, reflecting investor optimism.

Portfolio Pulse from Piero Cingari

May 06, 2024 | 1:43 pm

PARA

SONY

Sony Pictures Entertainment and Apollo are in talks to acquire Paramount for around $26 billion, after Paramount's exclusive negotiations with Skydance lapsed. The deal faces regulatory hurdles, especially concerning foreign ownership of CBS by Sony's Japan-based parent company. The strategy may involve Apollo holding the CBS broadcast license. The deal, supported by many shareholders as an alternative to a merger with Skydance, would make Sony a controlling shareholder with Apollo owning a minority stake. Paramount is also exploring other options, including a streaming joint venture with potential partners like Comcast.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:33 pm

VGK

Russia has indicated it may target British military facilities located in Ukraine as a response to Ukraine's strikes using British weapons, according to statements from the Foreign Minister cited by Reuters. This development could escalate tensions between Russia and the UK, and potentially impact the geopolitical landscape in the region.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:30 pm

SCNI

Scinai Immunotherapeutics has received a notification from Nasdaq regarding its impending delisting. The company has announced its intention to appeal the decision. This development follows issues that have not been specified in the provided information but typically relate to non-compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:28 pm

TEAM

Atlassian has filed for a mixed-securities shelf offering according to an SEC filing, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:20 pm

MULN

Mullen Automotive has signed an agreement with National Auto Fleet Group (NAFG), a California-based company approved by HVIP, offering up to $45,000 cash vouchers at purchase. NAFG, holding two Sourcewell contracts, caters to state, local government, and educational institutions with pending orders and deliveries. Sourcewell, a government agency, manages competitively solicited contracts.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:18 pm

FXI

VGK

Xi Jinping stated that China has been actively working to facilitate peace talks, according to Reuters citing Chinese state media.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:17 pm

EWQ

FXI

VGK

In a meeting with Macron and Von Der Leyen, China's Xi stated that China, France, and the EU wish for an early ceasefire and peace in Europe, supporting a political settlement of the crisis. Xi emphasized opposing the escalation of fighting, safeguarding international energy and food security, and maintaining stable industrial and supply chains. He clarified that China did not create the Ukraine crisis and is not a party to it.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:16 pm

BURU

NUBURU, Inc. (NYSE:BURU) has been awarded an $850,000 Phase II contract by NASA to advance its blue laser power transmission technology for Lunar and Martian applications. This technology aims to reduce the size and weight of power beaming equipment, offering a unique solution for power management in space. The contract builds on a successful Phase I SBIR project and aligns with NASA's Artemis program goals. NUBURU's technology has potential applications in various sectors including industrial, medical, defense, and more.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:11 pm

TURB

Turbo Energy, S.A. (NASDAQ:TURB) has filed a patent application in Spain for its Sunbox Commercial & Industrial product, a leading solution in photovoltaic energy storage that enhances efficiency and adaptability for both isolated and grid-connected solar projects. The product's software allows integration with existing solar installations of any brand, promising to lower costs and standardize systems. CEO Mariano Soria expressed optimism for the OEPM's approval and plans for international patent applications to drive global revenue growth.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:04 pm