Streetbeat News

Regulatory

TSLA

Tesla Inc. (NASDAQ:TSLA) posted a video urging shareholders to vote for Elon Musk's 2018 pay package, which was rescinded by a Delaware court. The video highlights Tesla's achievements and future potential. The shareholder vote on June 13 will also address moving Tesla's incorporation from Delaware to Texas. Analysts predict significant stock volatility and a likely positive outcome for the pay package vote.

Portfolio Pulse from Anan Ashraf

May 21, 2024 | 9:55 am

LUV

Southwest Airlines is seeking approval from the U.S. Department of Transportation to offer daily nonstop service between Washington National Airport (DCA) and Las Vegas (LAS). This new service aims to provide more choices and competition on a route currently served by only one daily flight from another airline. If approved, Southwest plans to offer lower average fares and convenient connections from LAS to various destinations, including Hawaii.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 7:12 am

COIN

ETHUSD

Prominent crypto analyst Adam Cochran mocked SEC Chair Gary Gensler over his stance on Ethereum being a security. Cochran's remarks come as the SEC reportedly moved forward with spot Ether ETF applications, suggesting a potential shift in the SEC's view on Ethereum. This news has led to a 16% increase in ETH's price.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 6:10 am

RHHBY

Roche announced that the FDA granted Breakthrough Therapy Designation to Genentech's Inavolisib for advanced hormone receptor-positive, HER2-negative breast cancer with PIK3CA mutation. The designation is based on Phase III INAVO120 results, showing the inavolisib-based regimen more than doubled progression-free survival compared to palbociclib and fulvestrant alone.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:32 am

SCNI

Trading for SCNI was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 11:50 pm

BTCUSD

ETHUSD

The SEC's recent actions to advance the process for the first U.S. Ether ETF have led to a significant rally in cryptocurrency prices. The SEC instructed asset managers to revise their 19b-4 filings, raising hopes for an Ether ETF approval. This has resulted in an 18% surge in Ether and a more than 5% increase in Bitcoin prices.

Portfolio Pulse from Michael Cohen

May 20, 2024 | 10:12 pm

BYFC

Broadway Financial Corporation (BYFC) has received a notification from Nasdaq regarding the late filing of its Form 10-Q and Form 10-K. This could potentially impact the company's stock price in the short term due to regulatory concerns.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 9:56 pm

CE

DD

F

GM

China has launched an anti-dumping probe into U.S. and EU plastics imports, potentially retaliating against recent U.S. tariffs on Chinese goods. The investigation targets polyoxymethylene copolymer, affecting companies like Celanese, DuPont, and others. The move follows President Biden's protectionist measures, which include significant tariffs on Chinese steel, aluminum, EVs, and more.

Portfolio Pulse from Natan Ponieman

May 20, 2024 | 9:22 pm

ETHUSD

SPY

The U.S. Securities and Exchange Commission (SEC) is accelerating the process for exchanges to update 19b-4 filings for spot Ether (ETH) ETFs. However, approval is not guaranteed as S-1 applications also need to be approved, which could take an indefinite amount of time.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 9:05 pm

KBE

KRE

SPY

XLF

FDIC Chair Gruenberg has announced his intention to resign once his successor is confirmed. This follows a call for new leadership by the Senate Banking Committee Chairman.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:54 pm