Streetbeat News

Regulatory

AAUKF

BHP

BHP shareholders are anticipating a final bid for Anglo American as the regulatory deadline approaches. Anglo American has rejected two previous offers and is focusing on restructuring. Analysts expect BHP to enhance its offer by 5% before the May 22 deadline.

Portfolio Pulse from Stjepan Kalinic

May 16, 2024 | 1:32 pm

WLDS

Wearable Devices shares are trading higher after the company announced that the China National Intellectual Property Administration granted its patent application for a gesture-controlled interface for wearable devices.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:27 pm

WLDS

China National Intellectual Property Administration has granted a patent for a gesture-controlled interface for wearable devices, titled 'Method and Apparatus for a Gesture Controlled Interface for Wearable Devices'.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:26 pm

BLK

BTCUSD

JPM

TLT

XLRE

The U.S. Bureau of Labor Statistics accidentally released April's inflation data 30 minutes early, but traders failed to capitalize on the early release. Major indices like the S&P 500, Nasdaq 100, and Dow Jones Industrial Average surged after the official release time, with significant gains in rate-sensitive sectors. The Real Estate Select Sector SPDR Fund (XLRE) and iShares 20+ Year Treasury Bond ETF (TLT) saw notable increases, while Bitcoin experienced its best daily performance in nearly two months.

Portfolio Pulse from Piero Cingari

May 16, 2024 | 1:26 pm

NRXS

NeurAxis has announced the publication of a medical policy coverage for Percutaneous Electrical Nerve Field Stimulation (PENFS) with a Blue Cross Blue Shield license in Florida. This development could potentially expand the market for NeurAxis' medical devices.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:07 pm

DRMAW

Trading halt status for DRMAW was updated at 9:00:00 AM ET. The quotation resumption times and related news are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:00 pm

ELWS

Trading halt status was updated at 8:55:00 AM ET, indicating a quotation resumption. The news and resumption times are provided.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:55 pm

JETS

UAL

United Airlines announced that the FAA has lifted the freeze on its operations following a safety review. United Airlines communicated this update to its workers, addressing the FAA's review process.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:50 pm

FDIS

TSLA

XLY

Tesla Inc. (NASDAQ:TSLA) is facing a proposed class-action lawsuit alleging it misled consumers about its self-driving capabilities. The lawsuit claims Tesla falsely stated in 2016 that its cars would have full self-driving hardware. Judge Rita Lin allowed several fraud and negligence claims to proceed. Tesla is also under federal investigation for potential defects in its Autopilot system. Tesla stock has gained over 4% in the last 12 months but closed 2.01% lower recently. Investors can gain exposure to Tesla via ETFs like XLY and FDIS.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 12:40 pm

MPW

Medical Properties Trust (MPW) has delayed the filing of its Form 10-Q and received a non-compliance notice from the NYSE. This could lead to increased volatility and investor concern regarding the company's financial health.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:40 pm