Streetbeat News

Regulatory

META

Meta Platforms Inc (NASDAQ:META) is expanding its manipulated media policy to include labels for AI-generated content such as photos and audio on Facebook, Instagram, and Threads. This decision follows recommendations from the company's Oversight Board to provide context for manipulated media rather than removing it. The new policy, which adds to the existing one that only covered videos, aims to introduce 'Made with AI' labels starting May 2024. Meta's approach is to add informational labels to AI-generated content unless it violates its policies, moving away from automatic removal based solely on its manipulated video policy.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 1:45 am

AMRX

BHC

Bausch Health Companies Inc. (BHC) and its subsidiary, Salix Pharmaceuticals, have filed a patent lawsuit against Amneal Pharmaceuticals in New Jersey, concerning Amneal's attempt to market a generic version of XIFAXAN®. Amneal's ANDA claims that the patents for XIFAXAN® are unenforceable, invalid, or not infringed. This lawsuit triggers a 30-month stay on FDA approval for Amneal's product. Bausch Health has defended its XIFAXAN® intellectual property against other companies in the past, with some cases settled and one ongoing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:28 pm

LINK

MA

V

The article discusses the hidden costs in DeFi, beyond upfront gas fees, that can impact investor returns, such as Impermanent Loss, Loss-Versus-Rebalancing, Slippage, and Maximal Extractable Value. It mentions traditional payment processors like Visa and Mastercard for comparison and highlights the dynamic nature of gas fees on platforms like Ethereum and Solana. It suggests ways to mitigate these costs, including understanding AMM models, researching platform strategies, and using tools like LlamaSwap, 1inch, Matcha, and Flashbots Protect. Newer oracle protocols like Pyth are also mentioned as innovative solutions.

Portfolio Pulse from Benzinga Contributor

April 05, 2024 | 9:22 pm

BX

TCN

Tricon Residential Inc. (NYSE:TCN) has received final court approval for its acquisition by Blackstone Real Estate, with all outstanding shares to be acquired for $11.25 each in cash. The transaction, subject to regulatory approval, is expected to close in Q2, leading to Tricon's delisting from the NYSE and TSX.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:06 pm

SRFM

Surf Air Mobility Inc. (NYSE:SRFM), a regional air mobility platform, received a notice from the NYSE on April 2, 2024, for not meeting the minimum average closing price requirement of $1.00 over a 30-day period. Despite this, SRFM's stock will continue to trade on the NYSE, provided it meets other listing standards.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:03 pm

CLF

NEM

NUE

TX

Nucor Corporation introduces a weekly Consumer Spot Price for hot-rolled coil, aiming for transparent pricing. Cleveland-Cliffs praises a new DOE standard benefiting its steel production, potentially increasing demand. Newmont concludes a $20M support fund for pandemic-affected communities. Analysts adjust price targets for Newmont and Ternium, reflecting market expectations.

Portfolio Pulse from Austin DeNoce

April 05, 2024 | 8:41 pm

GILD

XLO

Gilead Sciences, Inc. has reported a 19.9% stake in Xilio Therapeutics as of March 27, 2024, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:40 pm

ITRM

Iterum Therapeutics received a letter from Nasdaq on April 3, indicating non-compliance with Nasdaq Listing Rule, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:36 pm

LOCL

Local Bounti Corporation (NYSE:LOCL), an indoor agriculture company, received a notice from the NYSE on April 3, 2024, for not meeting the Minimum Market Capitalization Standard. The company's market capitalization and stockholders' equity were both below $50 million. Local Bounti plans to submit a compliance plan within 45 days and has 18 months to meet the NYSE's standards. The notice does not immediately affect its stock listing, and the company is exploring options to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:33 pm

AMZN

GOOG

Decentralized Infrastructure Physical Networks (DePINs), leveraging blockchain technology, aim to disrupt tech monopolies by enabling decentralized access and management of internet, energy, and storage services. Highlighting the potential to democratize infrastructure, DePINs could offer solutions to underserved areas, incentivize participation through crypto tokens, and foster competition against centralized giants like Google and Amazon. Challenges include regulatory uncertainty and ensuring data privacy, but the initiative aligns with the broader Web3 vision of user control and data sovereignty.

Portfolio Pulse from Chris Were

April 05, 2024 | 8:29 pm