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Regulatory

SKLZ

Skillz Inc. (NYSE:SKLZ) received a notice from the NYSE on April 2, 2024, for not complying with the timely filing criteria by failing to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The NYSE Notice does not immediately affect the listing of SKLZ's common stock but requires the company to file the Form 10-K within six months to regain compliance. The NYSE may grant an extension or commence delisting proceedings depending on circumstances.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:32 pm

EVA

Enviva Inc. (NYSE:EVA) received a notice from the NYSE on April 2, 2024, for not complying with the filing requirements due to a delay in submitting its Annual Report on Form 10-K for the year ended December 31, 2023. The NYSE has given Enviva six months until October 1, 2024, to file the report and regain compliance. Failure to do so within this period could lead to an extension or potential delisting.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:31 pm

QQQ

SPY

TLT

The upcoming Consumer Price Index (CPI) report for March is highly anticipated, with economists expecting a slight increase in annual CPI inflation from 3.2% to 3.4%, and a deceleration in monthly CPI inflation to 0.3%. Core CPI inflation is also expected to ease, potentially influencing the Federal Reserve's decision on interest rates. The report's outcome could sway market expectations towards either a rate cut or hold in June. Previous CPI data led to a decline in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ), while iShares 20+ Year Treasury Bond ETF (TLT) weakened.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 8:18 pm

BIRD

Allbirds, Inc. has been notified by Nasdaq that it is not in compliance with the minimum bid price requirement, as its shares have been trading below $1.00 for a specified period. The company now has a grace period to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:18 pm

AMPY

Amplify Energy Corp has filed with the SEC for a mixed shelf offering of up to $250 million. This move allows the company to potentially sell a mix of securities, such as stocks and bonds, up to the specified amount.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:08 pm

BE

Bloom Energy, a leading company in fuel cell electricity production, is set to receive up to $75 million in federal tax credits. This funding aims to expand and enhance the operating efficiency of its manufacturing plant in Fremont, California.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:03 pm

JNJ

LEGN

NVS

The FDA approved Johnson & Johnson's Carvykti for a wider population of multiple myeloma patients, marking it as the first BCMA-targeted therapy for early relapse treatment. This approval is based on the Phase 3 CARTITUDE-4 study results. Johnson & Johnson has increased Carvykti's production and plans further expansion. The company, in collaboration with Legend Biotech Corporation and Novartis AG, aims to double manufacturing by 2024. Despite Carvykti's current market lead, challenges from newer BCMA-targeted therapies could impact its dominance.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 6:19 pm

BMY

Bristol Myers Squibb & Co (NYSE:BMY) released data from the KRYSTAL-1 study on Krazati (adagrasib) combined with cetuximab for KRASG12C-mutated colorectal cancer, showing promising results. The FDA accepted a supplemental new drug application for this combination, with a review goal date set for June 21, 2024. Additionally, BMY announced positive results from the KRYSTAL-12 study on Krazati as a monotherapy for non-small cell lung cancer. BMY shares slightly declined by 0.27% to $51.18.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 6:00 pm

AIRC

COIN

TLT

TSLA

TSM

Wall Street sees a cautious trading session with slight declines in major indices ahead of a data-rich week, focusing on March inflation data. Tesla rallies 4.5% on 'Robotaxi' news, while Bitcoin surpasses $71,500. The iShares 20+ Year Treasury Bond ETF weakens as Treasury yields rise. Oil prices drop 1% due to eased Middle East tensions. Apartment Income REIT surges 23% after Blackstone's acquisition announcement. Taiwan Semiconductor gains on US subsidy news, and Coinbase outperforms in the crypto sector.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 5:49 pm

SPY

Fed's Goolsbee indicates that the economy is moving towards a better balance, according to a statement made on WBEZ Radio.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 5:47 pm