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Regulatory

HOUS

KW

RMAX

Homebuyers have filed for a preliminary injunction to halt the final approval of settlements in antitrust lawsuits against major real estate franchisors Anywhere, Keller Williams, and RE/MAX. The plaintiffs argue that the settlements, intended to resolve claims of anticompetitive practices in real estate commissions, are inadequate. This legal action could significantly impact the operations and public perception of these companies.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:29 pm

IMCC

IM Cannabis Corp. (NASDAQ:IMCC) reported a 13% sequential increase in Q1 2024 revenue, reaching CA$10.7 million, but saw a 4% year-over-year decrease. The company announced a strategic focus on the German market following recent cannabis legalization there, with sales in Germany nearly doubling in April. Q1 financials showed a 39% decrease in gross profit and a significant increase in net loss from continuing operations compared to the previous year. IM Cannabis' shares dropped 7.48% to $0.7398.

Portfolio Pulse from Jelena Martinovic

May 08, 2024 | 3:22 pm

CVM

CEL-SCI Corp (NASDAQ:CVM) shares surged 18.6% to $1.98 after receiving positive FDA feedback on their cancer immunotherapy, Multikine, for treating advanced primary head and neck cancer. The FDA's agreement to a confirmatory Registration Study with 212 participants, based on strong safety and efficacy data from a Phase 3 study, highlights Multikine's potential as an addition to the standard of care for this patient population.

Portfolio Pulse from Henry Khederian

May 08, 2024 | 3:19 pm

CVM

CEL-SCI Corporation's stock price increased following the announcement of FDA approval for its confirmatory study of Multikine in treating head & neck cancer.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:19 pm

EIS

SPY

The White House has announced that discussions regarding a potential hostage deal in Gaza are still in progress. Despite the existing gap between the two negotiating sides, there is optimism that this gap can be bridged.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:03 pm

EIS

SPY

U.S. Defense Secretary Austin emphasized the importance of Israel accounting for civilians in the Rafah 'battlespace', highlighting U.S. expectations for operational conduct.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:46 pm

EIS

SPY

U.S. Defense Secretary Austin announced a pause in some weapons assistance for Israel, stating a review is underway in light of recent events in Rafah. This move could have implications for defense contractors and broader market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:45 pm

SPY

Commerce Secretary anticipates the completion of rules on export investment restrictions by the end of the year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:42 pm

CZOO

Cazoo has indicated in an SEC filing that if some of its units file for administration or liquidation, the company may need to consider options including filing for administration or winding up the company itself.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:35 pm