Streetbeat News

Regulatory

DJT

Trump Media CEO Devin Nunes has requested House GOP leaders to investigate potential manipulation of DJT stock, citing concerns over 'anomalous trading' and possible 'naked' short selling. The stock, which trades under the ticker DJT on the Nasdaq, has lost over half its value since its debut. Nunes' letter targets Citadel Securities, accusing them of contributing to the stock's volatility. This request follows a significant drop in DJT's stock price, amidst volatile trading sessions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:11 pm

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TikTok CEO Shou Chew has publicly responded to the TikTok divestment bill, expressing confidence in prevailing in court and stating that TikTok is not planning to exit the market. This statement comes amidst growing regulatory scrutiny over the app's data privacy practices and its ties to China.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:09 pm

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Boeing's CEO commented during a conference call about the FAA's 90-day deadline, indicating that it is not sufficient to significantly improve production from 38 to 40 units. This statement suggests challenges in increasing production rates in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:08 pm

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TikTok CEO Shou Chew has stated that the legislation signed by President Biden effectively acts as a ban on the TikTok app. Chew addressed this issue in a video response to the bill.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:05 pm

PFE

Pfizer Canada announced that Health Canada has granted a Notice of Compliance for Velsipity, marking a significant regulatory milestone for the pharmaceutical company.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:02 pm

RBRK

Rubrik, Inc (NYSE:RBRK) is set to IPO on April 25, offering shares at a price range of $28.00 to $31.00. The company, focusing on Zero Trust Data Security to enhance cyber resilience, will have a 180-day insider lock-up period ending on October 22, 2024.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:00 pm

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President Biden announced the signing of an aid bill for Ukraine, Israel, and Taiwan, stating it marks a great day for world peace and will enhance safety both for America and globally.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:59 pm

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Heart Test Laboratories' shares surged following the announcement that its European Patent Office Application EP3834729 has been granted. This development marks a significant milestone for the company, potentially expanding its market reach and strengthening its intellectual property portfolio in Europe.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:57 pm

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President Biden has signed a bill into law that mandates TikTok to divest or face a ban, as reported by Reuters. This move could significantly impact the competitive landscape of social media and technology companies in the US.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:57 pm