Streetbeat News

Regulatory

SBFM

Sunshine Biopharma announced the dismissal of Borgers as its independent accountant following Borgers' settlement with the SEC.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 4:22 pm

ZKIN

ZK International Group Co., Ltd. (ZKIN) has been granted an exception by Nasdaq Staff for its delayed Form 20-F filing for the period ended September 30, 2023. The company must file the Form by June 7, 2024, to avoid potential delisting. This decision comes after ZKIN was notified of non-compliance with Nasdaq's filing requirements. The company is committed to transparency and compliance, aiming to meet the requirements for maintaining its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 4:20 pm

BENF

Beneficient shares are trading lower after a recent gain on Friday, following the announcement that the company regained compliance with the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 4:02 pm

FNCH

Finch Therapeutics has received a European patent (EP3664823) for a composition aimed at preventing or treating Enterococcal blood stream infections. This development could enhance Finch Therapeutics' intellectual property portfolio and potentially open up new avenues for the company in the European market.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:24 pm

BCLI

Brainstorm Cell Therapeutics' stock is trading lower following a notification from Nasdaq about its failure to meet the minimum bid price requirement, risking its compliance status.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:23 pm

CVX

HES

Chevron CEO Mike Wirth discussed the ongoing process of acquiring Hess, highlighting the steps of gaining FTC approval and a shareholder vote, expected to conclude in Q2, during a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:15 pm

ORCL

Red Hat, Inc. and Oracle have announced the general availability of Red Hat OpenShift on Oracle Cloud Infrastructure (OCI). This collaboration combines Red Hat's leading hybrid cloud application platform with Oracle's distributed cloud, offering validated and supported configurations of Red Hat OpenShift on OCI Compute Virtual Machines. The partnership aims to meet customer needs for regulatory compliance, performance, and cost-effectiveness across 69 regions. Red Hat OpenShift on OCI supports customer-managed installations with multiple installation methods and integrates OCI storage and API interoperation. The offering is critical for industries with complex regulatory environments and aims to optimize performance and cost.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 3:03 pm

TCNNF

The Florida GOP has officially opposed a marijuana legalization initiative, enabling Governor Ron DeSantis to fundraise for a campaign against it. DeSantis argues that legalization would worsen the state by increasing marijuana presence and is motivated by profit for certain individuals. Despite opposition, economic analysts predict the initiative could generate significant sales tax revenue. Trulieve, a major medical cannabis company, has been the primary financial supporter of the initiative, contributing significantly towards its campaign.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:54 pm

SPY

USO

VGK

The Russian Foreign Ministry announced that Russia reserves the right to respond reciprocally to the deployment of U.S. short- and medium-range missiles. Additionally, Russia will regard F-16s in Ukraine as potential nuclear weapon carriers. This statement escalates tensions and could impact global markets and specific sectors.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:53 pm

QMCO

Quantum shares are trading higher following the announcement of its updated plan to regain compliance with the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:33 pm