Streetbeat News

Regulatory

STKH

Steakholder Foods, previously at risk of being delisted, has regained compliance with Nasdaq's listing requirements. This development is crucial for the company's continued trading on the exchange and could positively influence investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:01 pm

ES

Eversource Energy (ES) has agreed to sell its 50% stake in Sunrise Wind to Ørsted, conditional on the project's selection by NYSERDA in New York's latest offshore wind energy bid. The deal, expected to close later this year, follows Sunrise Wind's successful bid in February 2024.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:54 am

AAPL

BA

NFLX

TSLA

Cathie Wood's Ark Invest buys $13M in Tesla stock and loads up on Bitcoin and Ethereum ETFs, amid discussions on Bitcoin halving and its impact. Wall Street faces potential 6th day of losses, influenced by Netflix and geopolitical tensions. Apple complies with China's security demands by removing Meta products from its App Store. Tesla recalls over 3,800 Cybertrucks due to unintended acceleration risk. Netflix faces growth challenges, and Boeing deals with safety concerns and whistleblower complaints.

Portfolio Pulse from Akanksha Bakshi

April 19, 2024 | 11:53 am

NTRB

Nutriband announced an $8.4M private placement for 2.10M shares at $4 each, targeting FDA approval for AVERSA Fentanyl by Q1 2025. The deal includes warrants with a $6.43 exercise price. Funds will support AVERSA's clinical development, aiming for peak annual sales of $80M-$200M.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:25 am

BTCUSD

SOLUSD

TONUSD

Crypto venture capitalist Andrew Kang predicts significant buying opportunities for Bitcoin, Solana, Dogwifhat, and Toncoin due to anticipated global approval of cryptocurrency ETFs and other factors. He expects their prices to drop to specific targets, viewing these as investment opportunities. Kang also notes Solana's network congestion issues but expects a recovery. The global crypto market could see a boost from increased institutional investment following the approval of the first spot BTC and Ethereum ETF in Hong Kong.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 11:24 am

MRK

Health Canada has approved Merck's KEYTRUDA in combination with chemotherapy as a first-line treatment for adult patients with locally advanced unresectable or metastatic HER2-negative gastric or gastroesophageal junction (GEJ) adenocarcinoma. This approval marks a significant advancement in the treatment options available for patients with this type of cancer.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:07 am

TSLA

Tesla Inc (NASDAQ:TSLA) is recalling 3,878 Cybertruck vehicles due to a risk of unintended acceleration caused by the accelerator pedal pad potentially dislodging. The company will repair or replace the accelerator pedal assembly at no cost. Tesla has not reported any related collisions or injuries and is taking precautionary measures to equip new Cybertrucks with updated pedals and fix those in delivery.

Portfolio Pulse from Anan Ashraf

April 19, 2024 | 10:55 am

SOL

Emeren Group has received a notice of non-compliance from the NYSE due to the late filing of required documents. This notice is a procedural step by the NYSE in cases where listed companies fail to meet the exchange's filing deadlines. Emeren Group, which is likely represented by the ticker symbol SOL, must now address this issue to regain compliance and avoid potential negative consequences such as delisting.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 10:03 am

BA

Boeing Co. (NYSE:BA) faces 32 whistleblower complaints over three years, with allegations including employer retaliation, fraud, and safety concerns. The Occupational Safety and Health Administration (OSHA) is investigating, with five cases still pending. Complaints cover aviation safety, workplace safety, fraud, and toxic chemicals control. Boeing emphasizes its commitment to safety and non-retaliation, highlighting its Go4Zero safety initiative's success in reducing workplace injuries.

Portfolio Pulse from Benzinga Neuro

April 19, 2024 | 10:01 am

EIS

SPY

USO

The Biden administration is considering allocating over $1 billion in new arms for Israel, in addition to a military aid bill currently before the House. This move comes amid ongoing conflict in Gaza.

Portfolio Pulse from Charles Gross

April 19, 2024 | 9:35 am