Streetbeat News

Regulatory

CLF

NEM

NUE

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

AAPL

VGK

Apple has responded to the EU Commission's decision, stating that it does not address the company's ability to charge commission for the tools, technologies, and ongoing services it provides. This statement highlights a potential conflict between Apple's business practices and regulatory perspectives in the European Union.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:18 pm

AAPL

VGK

Apple has announced that it will allow music streaming apps in the European Economic Area to provide an external purchase link. This decision, reported by Reuters, marks a significant change in Apple's policy, potentially affecting its revenue from these apps.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:15 pm

EIS

SPY

USO

President Biden has called on Egypt and Qatar to pressure Hamas into negotiating a hostage deal with Israel, according to a senior administration official cited by AP.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:13 pm

CLOV

Clover Health Investments Corp (CLOV) received a notice from Nasdaq on April 2 regarding a delisting or failure to satisfy a continued listing rule or standard, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:10 pm

NBSE

NeuBase Therapeutics, Inc. (NASDAQ:NBSE) received a notice from Nasdaq on April 4, 2024, for not complying with the continued listing requirements due to its failure to timely file its Annual Report for the fiscal year ended December 31, 2023. The company has until June 3, 2024, to submit a compliance plan, with a potential extension until September 30, 2024, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:09 pm