Streetbeat News

Regulatory

GOOG

GOOGL

YouTube, a subsidiary of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), will comply with a Hong Kong court order to block access to 32 video links, including the protest anthem 'Glory to Hong Kong.' This decision raises concerns about Hong Kong's commitment to a digital economy and free speech.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 1:55 am

AAL

ALK

DAL

JBLU

UAL

Major airlines, including Delta, American, United, JetBlue, Hawaiian, and Alaska Airlines, have sued the Biden administration over a new rule requiring upfront disclosure of additional fees. Transportation Secretary Pete Buttigieg expressed astonishment at the lawsuit, emphasizing the rule's intent to protect consumers from hidden fees.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 1:09 am

BNR

Trading for BNR 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 14, 2024 | 11:50 pm

AMC

GME

HOOD

The recent surge in GameStop (GME) and other meme stocks draws parallels to the 2021 rally, potentially facing similar dampening factors such as stock offerings, congressional action, misleading social media activity, brokerage restrictions, and shifting investor focus. Notably, stock offerings by companies like GME and AMC, as well as the role of platforms like Robinhood (HOOD), are highlighted as key influences.

Portfolio Pulse from Chris Katje

May 14, 2024 | 9:30 pm

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) stockholders approved a proposal for a reverse stock split of outstanding shares by a ratio between 1-for-10 and 1-for-20, to be executed before August 30, 2024. This move aims to comply with Nasdaq Listing Rules. Additionally, stockholders voted on the re-election of board members and the issuance of shares underlying convertible notes and warrants.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:25 pm

AYRWF

CRLBF

CURLF

GTBIF

TCNNF

VRNOF

Smart and Safe Florida has launched a campaign with four ads advocating for the legalization of recreational marijuana in Florida, known as Amendment 3, set for a vote in November 2024. The campaign, supported by major cannabis companies including Trulieve, Verano Holdings, Curaleaf Holdings, AYR Wellness, Cresco Labs, Green Thumb Industries, and INSA, has spent over $5 million on ads. Trulieve alone has contributed over $40 million towards the initiative. The ads emphasize the benefits of a regulated market, including safety, revenue for schools, and freedom from outdated laws.

Portfolio Pulse from Maureen Meehan

May 14, 2024 | 9:21 pm

LLY

NVO

Eli Lilly announced an update on litigation related to Mounjaro and Zepbound, resulting in a settlement with Totality Medispa. The settlement includes a monetary payment by Totality Medispa, a prohibition on misleading conduct, and a requirement to report adverse events to the FDA.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 9:15 pm

ATLX

GROY

Atlas Lithium's advanced lithium processing plant nears completion, set to enhance lithium production in Brazil. The Biden administration imposes new tariffs on Chinese imports, including electric vehicles and steel, to protect U.S. jobs. Gold Royalty reports a record revenue increase, driven by new and existing projects. Ampco-Pittsburgh sees a rise in net sales but a decrease in income from operations due to various challenges.

Portfolio Pulse from austin@walkonholdings.com

May 14, 2024 | 8:57 pm

BTCUSD

DOGEUSD

ETHUSD

RNDRUSD

SHIBUSD

SOLUSD

Cryptocurrency markets are experiencing a downturn due to recent spikes in PPI and consumer inflation data, with major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin trading lower. Notable developments include OKX's entry into the Australian market, Wisconsin's investment in BlackRock's Bitcoin ETF, and Ark Invest's stock transactions. Analysts view the corrections as healthy and part of the market's cycle, emphasizing the importance of support levels and market opportunities during these periods.

Portfolio Pulse from Khyathi Dalal

May 14, 2024 | 8:48 pm

SPY

Cleveland Fed President Mester stated that the Federal Reserve is in a 'really good place' to analyze the economy before making further decisions on the interest rate path, indicating a cautious approach towards future rate hikes.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:45 pm