Streetbeat News

Regulatory

PBR

Brazil's antitrust watchdog Cade has agreed to review the terms of an agreement concerning Petrobras' refineries, according to a Reuters report citing a filing.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:29 pm

EIS

European nations Spain, Norway, and Ireland have formally recognized an independent Palestinian state, leading to diplomatic tensions with Israel. Israel has responded by recalling its ambassadors and increasing military presence along the Rafah border with Egypt. U.S. Secretary of State Antony Blinken is seeking bipartisan support for sanctions on ICC prosecutors over arrest warrants for Israeli leaders. The iShares MSCI Israel ETF (NYSE:EIS) traded 0.5% lower on Wednesday.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 4:27 pm

PBR

Petrobras shares have been halted pending news. Investors are awaiting further information that could impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 4:25 pm

AAUKF

BHP

BHP Group (NYSE:BHP) has secured a one-week extension on its proposed takeover of Anglo American (OTCQX:AAUKF) after submitting three unsuccessful bids. The extension allows BHP to potentially address Anglo American's concerns regarding the complexity and risks of the proposed demergers. Anglo American has also been proactive, unveiling its own restructuring plan.

Portfolio Pulse from Stjepan Kalinic

May 22, 2024 | 4:22 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are trading lower due to continued downward momentum following a retail-fueled meme stock rally. The stock saw a massive increase of over 8000% before reversing and has since fallen more than 20%. The company faces financial challenges, including a delisting notice from Nasdaq. Faraday Future will discuss its Q4 and full-year results on May 28, with analysts expecting significant losses.

Portfolio Pulse from Erica Kollmann

May 22, 2024 | 3:59 pm

EWU

UK Prime Minister Rishi Sunak is set to call for a general election on July 4. This announcement comes as UK inflation dropped to 2.3% in April, nearing the Bank of England's 2% target. The Conservative Party, currently lagging in the polls, hopes for an improved economic environment.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 3:52 pm

LLY

NVO

Australia has banned compounded versions of Novo Nordisk's Ozempic and Eli Lilly's Mounjaro due to safety concerns. The ban aims to protect public health by removing unregulated GLP-1 receptor agonists from pharmacy compounding exemptions starting October 1. This decision follows reports of adverse events linked to these copies, including a serious incident resulting in hospitalization. The ban affects around 20,000 Australians using these compounded drugs for weight loss.

Portfolio Pulse from Vandana Singh

May 22, 2024 | 3:46 pm

IMTE

Integrated Media Technology Limited (NASDAQ:IMTE) has received a deficiency letter from Nasdaq due to its failure to timely file its annual report for the year ended December 31, 2023. This non-compliance with Nasdaq Listing Rule 5250(c)(1) could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 3:37 pm

HSCS

Heart Test Laboratories has been granted European Patent Number EP3834729 for its technology titled 'ELECTROCARDIOGRAM-BASED ASSESSMENT OF DIASTOLIC FUNCTION'.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 3:34 pm

META

MSFT

NVDA

President Joe Biden emphasized the importance of trust and responsibility in AI development, calling for safe and secure AI innovation. The Biden administration has been proactive in addressing AI-related risks, including mandating federal agencies to appoint a chief AI officer and considering regulations to restrict China's access to advanced AI models. Major tech companies like Microsoft, Nvidia, and Meta have shown support for Biden's initiative to democratize AI research.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 3:20 pm