Streetbeat News

Regulatory

IPHA

Innate Pharma announced the filing of its 2023 Universal Registration Document and 2023 Annual Report on Form 20-F. This step is crucial for compliance and transparency with international financial reporting standards.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:15 am

BA

EADSY

SPR

Boeing Co. (NYSE:BA) and Airbus SE (OTC:EADSY) are reportedly close to finalizing a deal to split the operations of Spirit AeroSystems Holdings Inc. (NYSE:SPR), a key supplier. This move could mark the end of Boeing's 20-year outsourcing strategy and involves dividing Spirit's assets crucial for their jet programs amid antitrust concerns. The deal, still under negotiation, could see Boeing and Airbus taking over essential plants, with Airbus potentially investing over $1 billion in A220 wing production optimization. The division is seen as a strategic pivot for Boeing to reinforce its manufacturing capabilities, especially after recent FAA scrutiny over quality control.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 9:04 am

TSLA

U.S. Treasury Secretary Janet Yellen began her visit to China, focusing on strengthening economic relations while addressing concerns over China's manufacturing overcapacity and its global implications. Yellen emphasized the importance of a level playing field for American workers and firms and the need for open dialogue. She criticized China's industrial subsidies and expressed concerns over China's green energy exports potentially harming American firms. The visit highlights ongoing economic tensions, particularly in sectors like semiconductors, green energy, and electric vehicles (EVs), with companies like Tesla and BYD mentioned in the context of the growing EV market.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:42 am

INDA

The Reserve Bank of India has decided to keep the interest rate unchanged at 6.50%. This decision was anticipated by market analysts and reflects the central bank's current stance on managing inflation while supporting economic growth. The decision may influence investor sentiment regarding Indian markets and assets related to the country's economic performance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:50 am

TSLA

Elon Musk, CEO of Tesla Inc. and SpaceX, announced a 'major purge' on his social media platform X (formerly Twitter) to address the overwhelming explosion of adult content. This decision comes in response to user complaints about the excessive spam and adult content on the platform. Musk's announcement has raised concerns among users about potential follower count reduction, reminiscent of previous account purges for inactivity. The proliferation of explicit material on X, including scams and promotions for OnlyFans, has escalated, causing discomfort among users and raising concerns about the platform's ability to protect minors.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 4:19 am

GOOG

GOOGL

YouTube CEO Neal Mohan stated that if OpenAI used YouTube videos to train its AI model Sora, it would violate YouTube's policies. OpenAI CTO Mira Murati was unsure if YouTube content was used. YouTube's terms allow certain content to be used in accordance with its terms of service, but not video transcripts or bits. The controversy around OpenAI's Sora and its training methods has sparked discussions on data protection laws and ethical AI deployment.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 3:36 am

BTCUSD

Crypto analyst Lark Davis predicts a bullish 2024 for Bitcoin, attributing the potential upswing to the U.S. elections and expected Federal Reserve interest rate cuts. He cites historical stock market performance during election years and Goldman Sachs's prediction of three rate cuts in 2024 as factors that will drive capital into crypto assets. Despite recent market turbulence, Davis's forecast suggests a positive outlook for Bitcoin.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 2:34 am

GOOG

SSNLF

Samsung Electronics Co Ltd has acknowledged a touchscreen issue in its Galaxy S23 devices, attributing the glitch to Google's Discover feed. The problem emerged after the One UI 6.1 update in late March. Samsung suggests clearing the Google app's data and rebooting as a temporary fix, while Google is working on a permanent solution through an app update. This incident highlights the dependencies between hardware manufacturers and software providers.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 2:30 am

DJT

Democratic groups are urging a congressional investigation into Trump Media & Technology Group (NASDAQ:DJT) following allegations of receiving emergency loans from a Russian-American businessman under investigation, to facilitate its stock market debut. The controversy involves potential influence peddling and corruption, with Trump Media accused of seeking bridge financing linked to money laundering. Despite these allegations, Trump Media denies wrongdoing. The situation has led to a decline in Trump Media's stock price.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 2:20 am

META

Meta Platforms Inc. (NASDAQ:META) is opposing the FTC's proposal to update a 2020 privacy agreement, citing its voluntary disclosure of technical issues in the Messenger Kids app and a $5.5 billion investment in privacy initiatives. Despite Meta's efforts, the FTC aims to tighten settlement terms, focusing on minors' data and facial recognition technology. Meta's legal challenges continue as it faces scrutiny over privacy practices, including a recent lawsuit against the FTC and allegations of data privacy breaches.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 2:08 am