Streetbeat News

Regulatory

MJNA

NY Supreme Court upheld a jury's decision awarding over $191,000 to a worker fired for using legally prescribed medical marijuana, marking a landmark ruling under state Human Rights Law. Separately, the U.S. Supreme Court will hear a case involving Medical Marijuana, Inc. (OTC:MJNA) after a trucker was fired for testing positive for THC, alleging the company falsely advertised its product as having '0% THC'.

Portfolio Pulse from Maureen Meehan

April 30, 2024 | 3:01 pm

C

Citi CEO Jane Fraser forecasts single-digit revenue growth, emphasizing increased efforts in regulatory reporting and data remediation. She notes a shift in US consumer behavior from credit to debit spending and mentions that consumer delinquency levels are above pre-COVID levels, except for mortgages.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:00 pm

FXI

SPY

U.S. Treasury Secretary Yellen stated that higher steel tariffs on China appear appropriate, according to Reuters. This could impact trade relations and market perceptions.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:51 pm

EIS

SPY

The White House has expressed that President Biden views the takeover of a building by Columbia University students as 'absolutely the wrong approach'. Additionally, there is currently no plan to federalize the National Guard in response to this situation. The administration is also monitoring pro-Palestinian protests on campuses without any current evidence of 'bad actors' involved.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:48 pm

LLY

Lilly's executive announced during a conference call that the approval of Mounjaro Multi-Dose Kwikpen in Europe was received slightly ahead of the company's expectations. This early approval has given the company additional confidence in its ability to launch the product.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:47 pm

EIS

ISRA

SPY

Israeli Prime Minister Netanyahu has labeled the potential issuance of ICC arrest warrants against Israeli commanders and state leaders as a historic scandal. He asserts that no ICC decision will deter Israel's objectives to bring hostages home and secure a complete victory over Hamas.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:32 pm

CYBR

CyberArk announced it has earned new SOC 2 Type 2 and SOC 3 certifications for its Identity Security Platform, underscoring its commitment to high standards of data security and privacy.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:56 pm

CMGEF

HUYA

NTES

CMGE Technology Group Ltd. (OTC:CMGEF) announced a partnership with Guangzhou Chaojing Investment to tap into the e-sports market, aiming to leverage Chaojing's strong position in e-sports. This move comes as China's gaming sector sees renewed investor interest, with CMGE's stock rising 3.2% on the announcement and 30% over the past week. The partnership focuses on game development, operation, and promotion, targeting China's booming e-sports market and aiming for international expansion. CMGE's financial performance shows signs of recovery, with a modest adjusted profit in 2023 after a loss in 2022, amidst a broader rally in Chinese gaming stocks.

Portfolio Pulse from The Bamboo Works

April 30, 2024 | 1:46 pm

NXE

NexGen Energy Ltd. (NXE) has upsized its Australian offering to 20,161,290 common shares at C$11.11 each, totaling approximately C$224 million. The offering aims to enhance liquidity and market capitalization of its CDIs on the ASX. Proceeds will fund development and exploration of mineral properties. The offering, expected to close on May 15, 2024, is subject to TSX and NYSE approvals and certain conditions. Shares will be issued under a prospectus supplement to NexGen's base shelf prospectus.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:29 pm

SMSI

Smith Micro Software, Inc. (SMSI) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market, after its stock price closed at or above $1.00 for 12 consecutive business days from April 11, 2024, to April 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:25 pm