Streetbeat News

Regulatory

ACAD

Acadia Pharmaceuticals has announced that its new drug submission for Trofinetide, aimed at treating Rett Syndrome, has been accepted for filing and granted priority review by Health Canada. This marks a significant step forward in the regulatory process, potentially leading to the approval and availability of a new treatment option for Rett Syndrome in Canada.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:06 pm

SLNA

Selina has received a notice from Nasdaq regarding its potential delisting. The company plans to request a hearing to appeal the decision. This development could impact investor confidence and the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:01 pm

KR

Kroger and Albertsons have revised their agreement with C&S Wholesale Grocers regarding the sale of assets as part of their proposed merger. The amended divestiture plan now includes additional stores, facilities, and banner names to address regulatory concerns and facilitate the merger's approval.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:41 pm

FLYX

flyExclusive, Inc. (NYSEAMERICAN: FLYX) received a notice from NYSE American for not filing its Annual Report on Form 10-K for the year ended December 31, 2023, on time. The company has six months to regain compliance with NYSE listing standards. Failure to file within this period could lead to delisting, although an extension may be granted. flyExclusive attributes the delay to the significant resources required for financial reporting as a newly public company and a taxable corporation since December 2023. The company is working to file the Form 10-K by the end of April but cannot assure compliance with Exchange listing standards.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:40 pm

CPK

Chesapeake Utilities Corporation (NYSE: CPK) has received approval from the Delaware Public Service Commission to establish a portfolio of natural gas energy efficiency programs in Delaware, in partnership with the Delaware Sustainable Energy Utility. This initiative, the first of its kind in the state, aims to lower energy costs and promote sustainability among Delaware residents. The programs are designed to provide cost-effective energy and demand savings, specifically targeting residential customers, including support for lower-income households. Over a two-year period, these programs are expected to save 36,052 MMBtu in natural gas consumption, equivalent to the annual energy usage of approximately 1,055 households.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:39 pm

VINO

Gaucho Group Holdings, Inc. (NASDAQ:VINO) anticipates that Argentina's bid to become a 'global partner' of NATO will lead to economic stability and growth, positively impacting the real estate sector and enhancing the value of the company's luxury real estate investments in the region. The company, which focuses on e-commerce platforms for fine wines, luxury real estate, and leather goods, sees this development as a potential boost to its business environment and investment value in Argentina.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:39 pm

ERIC

Ericsson Canada, a subsidiary of global 5G leader Ericsson (NASDAQ: ERIC), has joined the Government of Canada's Net-Zero Challenge, an initiative by Environment and Climate Change Canada aimed at encouraging businesses to transition to net-zero emissions by 2050. The company celebrated Earth Day by announcing its commitment to reducing greenhouse gas emissions and achieving net-zero by 2040, ahead of the challenge's 2050 goal. Ericsson's participation underscores its role in leveraging technology to reduce emissions across various industries, aligning with its global climate action initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:36 pm

LTRN

Lantern Pharma's stock is trading higher following the approval to expand its Harmonic clinical trial for non-small cell lung cancer in never-smokers into Japan and Taiwan.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:29 pm

MT

The U.S. Department of Energy has announced financial support for ArcelorMittal's electrical steel facility in Alabama, awarding the company $280.5 million in investment tax credits from the IRS.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:24 pm

MLEC

Shares of Moolec Science SA (NASDAQ:MLEC) surged after announcing USDA-APHIS approval for its genetically engineered soybean, Piggy Sooy, which produces animal meat protein. This marks a significant biotechnological milestone, as it's the first product of its kind to receive such approval, indicating it does not pose an increased plant pest risk. The company previously reported high levels of pork protein expression in Piggy Sooy seeds and has patented the technology.

Portfolio Pulse from Shivani Kumaresan

April 22, 2024 | 12:22 pm