Streetbeat News

Regulatory

META

Meta plans to expand its labeling of AI-generated content to include a broader range of video, audio, and image content starting in May. This decision comes as a response to feedback indicating that the current labeling policies are too narrow. The new labels aim to address the increasing variety of AI-generated and manipulated content. Meta's approach includes labeling content as 'Made with AI' through self-disclosure, advice from fact-checkers, or detection of AI markers. This policy update follows recommendations from Meta's independent Oversight Board and extends beyond the existing 'manipulated media' rules.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:01 pm

NYCB

Wellington Management Group LLP has filed a 13G/Amendment with the SEC, indicating it no longer holds a stake in New York Community Bancorp (NYCB) as of March 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:55 pm

SPY

In a CNBC interview, White House's Director of the National Economic Council, Brainard, expressed optimism about the U.S. economy, suggesting it can continue expanding based on a very encouraging report.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:49 pm

SPY

Fed's Barkin highlighted an unbalanced mix in the reduction of inflation, pointing out the strength of the job market and employers' reluctance to lay off workers. This suggests ongoing inflationary pressures despite some improvements.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:42 pm

CHK

OILT

PXE

SWN

The merger between Chesapeake Energy Corporation (CHK) and Southwestern Energy Company (SWN) is delayed to the second half of 2024 due to an FTC request for additional information. Initially expected to close in Q2 2024, the $7.4 billion all-stock deal faces regulatory scrutiny, extending the HSR Act waiting period. Investors can track these stocks through Invesco Energy Exploration & Production ETF (PXE) and Texas Capital Texas Oil Index ETF (OILT). CHK's stock slightly declined.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 1:35 pm

PG

Procter & Gamble (NYSE:PG) has initiated a voluntary recall of 8.2 million bags of Tide Pods, Gain Flings, Ace Pods, and Ariel Pods due to a packaging defect that poses a risk of serious injury. The defect involves the outer packaging splitting open, potentially allowing children and vulnerable populations to access and ingest the contents, which could lead to serious health issues or death. The recall is limited to the U.S., and P&G is offering refunds or replacements for affected products.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:31 pm

HON

The FDA announced that Honeywell Safety Products USA is voluntarily recalling its Fendall 2000 Non-Sterile Eyewash Cartridge due to non-compliance with CGMP requirements by Honeywell's supplier. This recall affects the Fendall 2000 Eyewash Station product line.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:14 pm

BMY

TSVT

The U.S. FDA has approved Abecma, a CAR T cell therapy developed by Bristol Myers Squibb (BMY) and 2seventy bio (TSVT), for relapsed or refractory multiple myeloma after two prior lines of therapy. This approval, based on the Phase 3 KarMMa-3 trial, marks a significant advancement in treatment, offering a 51% reduction in disease progression or death risk and a well-established safety profile. Abecma is now available in the U.S., Japan, Switzerland, and the EU for earlier use in treating triple-class exposed relapsed and/or refractory multiple myeloma.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:07 pm

FEEM

Northern Trust's FlexShares Exchange Traded Funds announced the liquidation of the FlexShares ESG & Climate Emerging Markets Core Index Fund (FEEM), set to occur around April 19, 2024. The fund will stop accepting orders for creation units on this date, and its final trading day on the NYSE Arca will be April 23, 2024. Shareholders must sell their shares by this date or receive cash equal to their shares' net asset value on the closing date, expected to be distributed by April 30, 2024. This event may be considered a taxable event for shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:03 pm

EGIO

Edgio, Inc. (NASDAQ:EGIO) received a notice from Nasdaq for not complying with Listing Rule 5250(c)(1) due to the delay in filing its 2023 Annual Report. The delay was caused by the resignation of its independent accounting firm and the time needed to engage a new one. Edgio has 60 days to submit a compliance plan and may get up to 180 days to file the report and regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:02 pm