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Regulatory

TD

TD Bank Group (NYSE:TD) addresses concerns about its anti-money laundering (AML) program, acknowledging shortcomings in monitoring and reporting illegal activities. CEO Bharat Masrani expressed regret over these failures, emphasizing they do not reflect the bank's values or its dealings with customers. TD has initiated a comprehensive overhaul of its AML program, investing over $500 million in remediation, hiring AML experts, and enhancing technology and processes to improve oversight and compliance.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:28 pm

UUUU

Energy Fuels (UUUU) reports strong Q1-2024 performance, driven by robust uranium sales and gross margins. The company is capitalizing on high uranium prices, with significant sales and profits from uranium operations. It's also advancing in the rare earth elements (REE) sector, with the completion of a Phase 1 REE Separation circuit and plans for expanded production. Energy Fuels is securing sources of heavy mineral sands and monazite to support its REE production, including acquisitions and project developments in Brazil, Madagascar, and Australia. The U.S. Senate's approval of the Prohibiting Russian Uranium Imports Act is expected to benefit the company by reducing competition from Russian uranium imports.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:51 pm

KAVL

Kaival Brands Innovations Group received a notice from Nasdaq due to not holding its annual meeting by the compliance deadline. The company plans to request a hearing before Nasdaq's Hearings Panel by May 7, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:48 pm

KRNL

Kernel Group Holdings, Inc. (KRNL) received a notice from Nasdaq on May 2, 2024, for failing to meet the minimum Market Value of Listed Securities (MVLS) of $35 million required for continued listing. The company has until October 29, 2024, to regain compliance with the Market Value Standard. During this period, KRNL's securities will continue to trade on The Nasdaq Capital Market. The company is exploring options to resolve the deficiency and regain compliance, but there is no assurance of success.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:43 pm

QNRX

Quoin Pharmaceuticals has received a written notice from Nasdaq concerning its failure to meet the minimum bid price requirement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:43 pm

JYD

Jayud Global Logistics Limited (NASDAQ:JYD), a supply chain solution provider, received a Nasdaq non-compliance notification for not meeting the minimum stockholders' equity requirement. The company has until June 17, 2024, to submit a compliance plan and may get up to 180 days to regain compliance. The notification does not immediately affect its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:34 pm

FATE

Fate Therapeutics, Inc. announced the presentation of preclinical data for its FT522 program at the ASGCT Annual Meeting. FT522, a CD19-targeted CAR NK cell product, incorporates ADR technology to enhance potency and eliminate the need for conditioning chemotherapy in autoimmune disease treatment. The data, indicating rapid B-cell depletion and elimination of alloreactive host immune cells in SLE, suggests potential therapeutic benefits for autoimmune patients.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:31 pm

AFIB

Acutus Medical's shares are trading lower following a notification from Nasdaq that the company has failed to regain compliance with listing rule 5550(a)(2).

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:16 pm

AAPL

BTCUSD

TSLA

The stock market responded positively as Fed Chair Jerome Powell indicated no immediate interest rate hikes, aiming for a 2% inflation target. The labor market showed signs of cooling in April, with a slowdown in job creation and a rise in unemployment. Apple Inc. announced a record $110-billion stock buyback, while nearly 80% of S&P 500 companies reporting so far have exceeded earnings expectations. Goldman Sachs cautioned investors about Tesla Inc.'s self-driving technology, and Treasury Secretary Janet Yellen discussed challenges for first-time homebuyers. Robert Kiyosaki expressed confidence in Bitcoin amidst market downturns.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 8:15 pm

NDRA

Endra Life Sciences received a notification from Nasdaq stating that it no longer meets the minimum bid price requirement for continued listing on the Nasdaq Capital Market, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:15 pm