Streetbeat News

Regulatory

LBAI

PFS

The Federal Reserve has approved the merger between Provident Financial Services and Lakeland Bancorp, paving the way for the consolidation of these two financial institutions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:52 am

MSFT

Russian government-linked hackers, identified as Midnight Blizzard, have stolen emails between several U.S. federal agencies and Microsoft Corporation (NASDAQ:MSFT), according to the Cybersecurity and Infrastructure Security Agency (CISA). This breach, part of a prolonged hack disclosed in an emergency directive by CISA, marks the first official acknowledgment of compromised federal agency emails with Microsoft. The directive requires federal agencies to reset credentials for compromised accounts. Microsoft is working with affected customers and CISA to mitigate the breach, which is part of a series of security incidents involving Russian hackers targeting Microsoft and other organizations.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 1:15 am

NUZE

NuZee, Inc. received an extension from Nasdaq to regain compliance with Listing Rule 5550(b) by June 14, 2024, following their plan submission.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:02 pm

MSTR

Peter Schiff predicts a significant crash for Bitcoin, attributing it to speculative ETF buyers selling off, leading to a lack of liquidity. He also foresees a potential bankruptcy for MicroStrategy (NASDAQ:MSTR) due to its heavy investment in Bitcoin. Schiff criticizes the blockchain and Bitcoin as a 'Digital Ponzi' scheme and questions MicroStrategy's financial strategies. Despite Bitcoin's recent losses, analysts predict its holdings will increase significantly by 2025.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 9:53 pm

MSEX

Middlesex Water Company (MSEX) is taking steps to comply with new, stricter federal regulations concerning PFAS (per- and polyfluoroalkyl substances). The company's proactive approach aims to ensure water quality and safety for its customers, aligning with the upcoming regulatory standards.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:09 pm

MOTS

Motus GI Holdings announced it likely won't maintain its Nasdaq listing and won't appeal the decision. The company is exploring strategic and financing alternatives.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:32 pm

PXMD

PaxMedica announced the completion of three pivotal registration/validation batches of PAX-101, marking a significant milestone in the drug's development process.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:31 pm

EPHE

SPY

President Biden has stated that any attack on Philippines' vessels in the South China Sea would trigger the Mutual Defense Treaty between the US and the Philippines. This declaration underscores the US's commitment to its ally in the face of increasing tensions in the South China Sea.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:25 pm

FUV

KNDI

NIO

TSLA

Ohio Senator Sherrod Brown has called on President Biden to implement a permanent ban on electric vehicles (EVs) produced by Chinese companies, according to a letter cited by Reuters. This move could significantly impact the competitive landscape for EVs in the U.S., potentially affecting companies involved in the EV sector, including those with ties to China as well as U.S.-based EV manufacturers.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:23 pm

MOTS

Motus GI Holdings announced it expects its common stock to be suspended from trading on the Nasdaq Capital Market at the opening of business on April 16, 2024, due to its belief that it will not be able to maintain its listing. The company does not intend to appeal the Nasdaq Staff's determination, as disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 8:19 pm