Streetbeat News

Regulatory

XCUR

Exicure received a Nasdaq delinquency notice due to the late filing of its Form 10-K. This notice is a procedural step indicating non-compliance with Nasdaq's listing rules, which require timely financial disclosures.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:01 pm

WRNT

Warrantee Inc (NASDAQ:WRNT) shares plummeted 29% to $0.30 after receiving a Nasdaq delisting determination due to failure to meet the minimum bid price requirement. The company, notified of non-compliance on October 13, 2023, has until April 10, 2024, to address the issue and is considering a reverse stock split among other options.

Portfolio Pulse from Henry Khederian

April 22, 2024 | 7:52 pm

NUWE

Nuwellis has received a notice of allowance for its U.S. patent application 18/463,612, titled 'Venous Blood Flow Stimulator for Extracorporeal Therapy'. This development marks a significant milestone for the company, potentially enhancing its product portfolio and competitive edge in the medical device market.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:32 pm

HIVE

HUT

A Coinshares report predicts a significant rise in Bitcoin production costs post-halving, with electricity and overall costs nearly doubling, potentially leading to a 10% drop in the network hash rate. Listed mining companies like BitDigital, Hive (NASDAQ:HIVE), and Hut 8 (NASDAQ:HUT) are turning to AI to mitigate these challenges. The report forecasts a challenging environment for miners, with a shift towards more sustainable energy solutions and a potential reduction in hash rate post-halving.

Portfolio Pulse from Murtuza Merchant

April 22, 2024 | 7:31 pm

SPY

VGK

The Biden administration is set to provide Ukraine with a significant military aid package, including Bradley Fighting Vehicles, artillery, and air defenses, as reported by Politico.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:01 pm

UNH

UnitedHealth Group Inc's CEO Andrew Witty is set to testify before a U.S. House subcommittee on May 1 about a cyberattack on its technology unit, Change Healthcare, that occurred on February 21. This attack disrupted payments to healthcare providers for a month, impacting the company's Q1 earnings by 74 cents per share and is expected to affect full-year 2024 earnings by $1.15 to $1.35 per share. The incident has raised concerns among lawmakers and has financially strained individuals and smaller providers.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 6:35 pm

BMWYY

HYMTF

MBGYY

NSANY

TSLA

VWAGY

UAW President Shawn Fain announced the continuation of a $40M campaign to unionize autoworkers at 35 non-union U.S. plants of major automakers including Volkswagen, Mercedes-Benz, Tesla, BMW, Toyota, Nissan, and Hyundai, following a significant union victory at a Volkswagen plant in Tennessee. This win represents the union's first success in a Southern car facility owned by a foreign auto manufacturer, with a scheduled election at two Mercedes-Benz plants in Alabama next.

Portfolio Pulse from Anthony Noto

April 22, 2024 | 6:31 pm

VAXX

Vaxxinity Inc (NASDAQ:VAXX) shares plummeted nearly 50% to $0.25 after announcing plans to voluntarily delist and deregister its Class A common stock due to non-compliance with Nasdaq's minimum bid price requirement. The company aims to concentrate on R&D efforts by eliminating the distractions of stock price fluctuations. Delisting is expected around May 9, with potential over-the-counter trading thereafter.

Portfolio Pulse from Henry Khederian

April 22, 2024 | 5:59 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) shares surged after regaining compliance with Nasdaq's minimum bid price requirement. The company's CEO, Jim Kras, emphasized the importance of the Nasdaq listing for credibility and visibility, essential for enhancing shareholder value. Edible Garden reported significant revenue increases in produce and cut herb sectors, contributing to the stock's growth. Despite a challenging year with a significant overall decline, recent performance shows promise.

Portfolio Pulse from Erica Kollmann

April 22, 2024 | 5:58 pm

MLEC

MTTR

TSLA

VAXX

Vaxxinity, Inc. announced its intention to voluntarily delist and deregister its Class A common stock, causing a sharp decline in its shares by around 55%. Other stocks experienced significant movements, with Matterport, Inc. seeing a jump due to an acquisition announcement by CoStar Group, and various companies reporting gains due to positive developments such as USDA approvals, IPO pricing, and compliance regains. Conversely, several companies faced declines due to negative news such as wind-down activities, delisting determinations, and price reductions.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 5:26 pm