Streetbeat News

Regulatory

KTRA

Kintara Therapeutics has filed a Form RW with the SEC to withdraw its registration statement for a public offering, citing no intention to pursue the offering at this time. The registration statement was not declared effective, and no securities were sold under it.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:57 pm

SPY

VGK

Fitch Ratings predicts the U.S. Federal Reserve and the European Central Bank (ECB) will each cut rates three times, totaling 75 basis points, by the end of the year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:55 pm

X

President Joe Biden is expected to express concerns regarding the takeover of U.S. Steel by Nippon Steel. This move highlights potential regulatory and national security implications that could arise from such a significant acquisition in the steel industry.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:48 pm

NCNA

NuCana Plc (NASDAQ:NCNA) shares surged after being granted a U.S. Patent for phosphoramidate derivatives for cancer treatment. The patent, aimed at treatments for resistant cancer types, has significantly increased trading volume, with over 49 million shares traded compared to a 100-day average of 438,327. The stock price rose 52.3% to 58 cents.

Portfolio Pulse from Erica Kollmann

March 13, 2024 | 4:42 pm

BLDP

Ballard Power Systems has been awarded $40M by the U.S. Department of Energy as part of a $750 million initiative under the Bipartisan Infrastructure Law to advance the hydrogen industry. This funding aims to reduce clean hydrogen production costs, support over 1,500 new jobs, and assist disadvantaged communities. It's part of a broader effort to achieve the DOE's Hydrogen Shot goal of $1 per kilogram for clean hydrogen.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:40 pm

BNBUSD

Nigeria has detained two Binance executives and demanded transaction data of the top 100 Nigerian users over the past six months, as part of an investigation into the cryptocurrency exchange's impact on the naira's stability. The Nigerian government views Binance as contributing to the naira's devaluation amidst the country's severe economic downturn. Binance has stopped trading in the naira following these developments. Binance Coin (BNB) was trading up 7.7% at $583.40.

Portfolio Pulse from Murtuza Merchant

March 13, 2024 | 4:31 pm

AAPL

Epic Games has filed a court document claiming that Apple is not complying with a court injunction related to the App Store's operations. This development could potentially impact Apple's App Store policies and its relationship with developers.

Portfolio Pulse from Happy Mohamed

March 13, 2024 | 4:24 pm

BA

SPR

The National Transportation Safety Board (NTSB) has issued a directive to Boeing, as reported by Reuters, emphasizing the necessity for the company to adhere to investigation rules concerning the disclosure of information. This development underscores the regulatory scrutiny Boeing is under, potentially affecting its reputation and operational protocols.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:11 pm

FCX

SCCO

SNAP

WSM

The House passed a bill aimed at cracking down on TikTok, potentially affecting social media stocks. Copper prices increased following reports of reduced production in China, impacting copper-related stocks. Williams-Sonoma reported strong Q4 earnings and announced a buyback, leading to a surge in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:51 pm

SNAP

Snap Inc (NYSE:SNAP) shares rose 2.3% to $12.04 after the U.S. House passed a bill requiring TikTok to divest from ByteDance or face a ban. This legislation, aimed at addressing national security and free speech concerns, could benefit Snap by reducing competition from TikTok, potentially increasing its user base and advertising revenue.

Portfolio Pulse from Henry Khederian

March 13, 2024 | 3:50 pm