Streetbeat News

Regulatory

ATVI

MSFT

The SEC has concluded its investigation into the trades made by Barry Diller, Alexander von Furstenberg, and David Geffen on Activision Blizzard options before its acquisition by Microsoft, with no action planned against them. This ends the scrutiny over potential insider trading related to the high-profile merger announced in 2022.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:41 pm

SPR

Joshua Dean, a former quality auditor at Spirit AeroSystems and Boeing whistleblower, died from a severe infection. Dean had raised concerns about production defects at Spirit AeroSystems, which manufactures parts for Boeing, and was fired in 2022. His death follows another Boeing whistleblower's death by alleged suicide two months prior. Dean had filed complaints with the FAA and the Department of Labor regarding his termination and safety concerns. His case was pending at the time of his death.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:24 pm

CVX

HES

Chevron and Hess have announced their expectation to receive all necessary stockholder and regulatory approvals for their deal by mid-2024, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:19 pm

EIS

ISRA

TUR

Turkey has announced a complete halt to all trade with Israel, marking a significant shift in their economic relations. This decision could have wide-ranging implications for both countries' economies and potentially affect global markets.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:13 pm

EIS

ISRA

SPY

USO

President Biden stated that the National Guard should not intervene in campus protests, affirming no change in Middle East policy due to these protests. He emphasized the importance of upholding both the rule of law and freedom of speech.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:13 pm

ORCL

Oracle and TIM have announced a collaboration to accelerate cloud adoption in Italy, integrating Oracle Cloud Infrastructure (OCI) into TIM's managed cloud services. This partnership will enable public and private sector organizations in Italy to access OCI's high-performance and secure cloud services, including AI and data analytics. TIM will host Oracle's second cloud region in Italy in Turin, enhancing business continuity and addressing digital sovereignty and compliance requirements by keeping data within Italy. The collaboration underscores Oracle's commitment to expanding its cloud services globally and TIM's dedication to providing innovative cloud solutions in the Italian market.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:06 pm

TD Bank has been fined C$9.2 million by Canadian regulators for failing to comply with the country's money-laundering laws. The bank did not submit suspicious transaction reports, properly assess and document financing risks, among other failings.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:05 pm

BTCUSD

Cryptocurrency analyst Benjamin Cowen discussed the impact of the FOMC meeting on Bitcoin, predicting an increase in Bitcoin's market dominance to 60% potentially by the end of summer or September. He compared the current market cycle to 2019, expecting a brief altcoin rally before a final capitulation. Cowen also highlighted the role of persistent inflation and the Federal Reserve's monetary policy on the crypto market, suggesting altcoins will decline against Bitcoin over time and advising investors to prepare for volatility.

Portfolio Pulse from Khyathi Dalal

May 02, 2024 | 2:59 pm

BABA

BEKE

BIDU

BILI

FUTU

PDD

US-listed Chinese stocks are experiencing an uptick in trading, attributed to the commencement of the Labor Day Golden Week, recent Federal Reserve decisions, and robust delivery reports from electric vehicle (EV) manufacturers.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:22 pm

IDAI

Trust Stamp (NASDAQ:IDAI) has received an allowance notification for a new utility patent titled 'Personal Identifiable Information Encoder', expanding its AI-powered patent portfolio into data protection. This addition strengthens Trust Stamp's intellectual property, with 20 allowed and issued patents and 13 more pending. The patent is significant for its potential in enhancing security against cyber-attacks and improving privacy through tokenized data storage and sharing, aligning with privacy laws like GDPR.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:01 pm