Streetbeat News

Regulatory

ILMN

VGK

The European Union has approved Illumina's plan to divest Grail, a significant move that could impact Illumina's strategic direction and financial outlook. This decision by the EU may influence Illumina's stock as it navigates the divestiture process.

Portfolio Pulse from Charles Gross

April 12, 2024 | 9:48 am

GOOG

GOOGL

SPY

Epic Games has requested a U.S. judge to mandate changes to the Google Play Store following a favorable antitrust trial verdict. This move could potentially reshape the app distribution landscape on Android devices, impacting Google's control and revenue from its app store.

Portfolio Pulse from Charles Gross

April 12, 2024 | 9:38 am

NUTX

Nutex Health is implementing a strategic plan to cut costs, achieve positive net income, and enhance cash flow. The company aims to address its NASDAQ minimum bid price deficiency and regain compliance. It has paused the opening of new hospitals until certain financial metrics are met and may close or sell underperforming facilities. Nutex Health believes in its strong balance sheet and its ability to continue improving cash flow and achieving positive Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 9:36 am

BTCUSD

Hong Kong is poised to become a key player in the cryptocurrency ETF market, potentially accelerating Bitcoin's rise to $100,000. Insider sources indicate that spot Bitcoin ETFs may launch in Hong Kong this month, with Chinese asset managers like China Asset Management, Harvest Fund Management, and Bosera Asset Management leading the initiative. The introduction of these ETFs is expected to attract significant global investment, mirroring the success seen in the U.S., where Bitcoin ETFs have amassed $58 billion in assets. This development comes despite China's ban on cryptocurrency trading, highlighting Hong Kong's strategic position to tap into the crypto market through more lenient regulations.

Portfolio Pulse from Ramakrishnan M

April 12, 2024 | 7:33 am

F

U.S. safety regulators are investigating two fatal crashes involving Ford Motor Company's Mustang Mach-E vehicles using the BlueCruise system. The incidents occurred in Texas and Philadelphia, raising concerns about the safety of autonomous driving technologies. Ford is cooperating with the investigations by the NTSB and NHTSA. These events have spotlighted the risks of advanced driving systems and may impact Ford's reputation, despite the company's ongoing innovations in the electric vehicle market.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 6:48 am

EWQ

France's Harmonised Index of Consumer Prices (HICP) for March increased by 0.2%, which is below the estimated 0.3% and lower than the previous month's 0.9%.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:46 am

LYFT

UBER

Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) have postponed their exit from Minneapolis following the city council's decision to delay the enforcement of a new driver pay ordinance until July 1. The ordinance mandates a minimum hourly wage of $15.57 for rideshare drivers. This decision comes after the companies threatened to leave the city due to the potential negative impact of the wage mandate on their operations and drivers.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 6:20 am

SGML

Sigma Lithium has expanded its environmental conservation efforts by increasing its tropical forest conservation area. Additionally, the company has received alerts from NASDAQ regarding a delay in filing.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:57 am

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