Streetbeat News

Regulatory

AGR

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

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:27 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has launched a $250 million at-the-market equity program to fund strategic investments and acquisitions, particularly in anticipation of U.S. cannabis rescheduling. The shares will be sold intermittently at prevailing market prices.

Portfolio Pulse from Patricio Liddle

May 17, 2024 | 1:15 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower in the premarket session on Friday due to concerns over new U.S. tariffs on Chinese EVs, which could increase costs and impede progress toward carbon neutrality. XPeng's co-President Brian Gu expressed these concerns while launching two new EV models in Hong Kong. Despite the current lack of direct impact on XPeng, the company is cautious about future market openness and global competition. XPeng is also expanding internationally to mitigate losses from fierce competition and decreasing demand in China.

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 1:06 pm

FFNTF

4Front Ventures Corp. reported a 28% YoY drop in Q1 revenue and an increased net loss. Despite the financial setbacks, the CEO remains optimistic due to operational improvements and potential benefits from Biden's marijuana rescheduling news.

Portfolio Pulse from Jelena Martinovic

May 17, 2024 | 1:04 pm

WHLRL

Trading halt status was updated at 9:00:00 AM ET, with a quotation resumption announced. The news and resumption times are provided.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:00 pm

CTHR

Trading halt status for CTHR was updated at 8:55:00 AM ET. The halt was due to pending news and the resumption times have been provided.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:55 pm

WHLR

Trading halt status for Wheeler Real Estate Investment Trust, Inc. (WHLR) was updated at 8:55:00 AM ET. The halt was due to pending news, and trading is expected to resume shortly.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:55 pm

HSCS

Trading halt status for HSCS was updated at 8:55:00 AM ET. The news and resumption times have been provided.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:55 pm

ADBE

CRM

GOOG

GOOGL

MSFT

ORCL

Figma announced a new equity offering at a $12.5 billion valuation, which is lower than Adobe's previous $20 billion acquisition offer. The tender offer will allow investors, including employees, to sell shares, and is backed by over 25 investors. Adobe and Figma terminated their acquisition deal last December due to regulatory hurdles. Figma's tools are widely used by major corporations like Microsoft, Google, Oracle, and Salesforce.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 12:44 pm

TSLA

Shanghai has allowed companies in its free-trade Lingang Area, including Tesla, to transfer certain data overseas without further security assessments. This pilot project facilitates data transfer in fields like intelligent vehicles, which could benefit Tesla's operations and FSD software development in China.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 11:39 am