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Regulatory

AMD

INTC

NVDA

Shares of Advanced Micro Devices (AMD) fell in premarket trading after reports that China plans to eliminate U.S.-made microprocessors from government computers, affecting AMD and Intel. Nvidia (NVDA), on the other hand, saw a premarket increase, attributed to its diverse AI accelerator applications and less direct impact from the Chinese decision. This development is part of China's effort to promote domestic technology amidst trade tensions with the U.S.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 10:43 am

AAPL

GOOG

GOOGL

META

The European Union has initiated investigations into Apple, Meta, and Google under a new digital competition law, focusing on their dominant market positions and practices, particularly in relation to app stores.

Portfolio Pulse from Charles Gross

March 25, 2024 | 10:16 am

CLF

Cleveland-Cliffs is set to receive $575 million in investments from the US Department of Energy for two decarbonization projects at Middletown Works in Ohio and Butler Works in Pennsylvania. This funding aims to support the company's efforts in reducing carbon emissions at these facilities.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:13 am

LNZA

The U.S. Department of Energy's Office of Clean Energy Demonstrations has chosen Technip Energies and LanzaTech Global (LNZA) to start negotiations for up to $200M in funding from the Bipartisan Infrastructure Law and Inflation Reduction Act. This funding aims to support clean energy initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:11 am

CENX

Century Aluminum (CENX) has been selected by the US Department of Energy to receive a $500M investment for building a new green aluminum smelter, aimed at accelerating industrial decarbonization. This will be the first new U.S. primary aluminum smelter in 45 years, potentially doubling the size of the current U.S. primary aluminum industry upon completion.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:01 am

UAL

The Federal Aviation Administration (FAA) is considering limiting new routes for United Airlines due to recent safety incidents. This move could impact United's expansion plans and operational flexibility.

Portfolio Pulse from Charles Gross

March 25, 2024 | 9:41 am

CGC

ESPR

FRGE

MASI

Esperion Therapeutics received FDA approval for new labels on NEXLETOL and NEXLIZET, boosting its shares by 12.7% in pre-market trading. Other stocks like Forge Global Holdings, Canopy Growth, Masimo Corporation, Cronos Group, Nuvation Bio, Tilray Brands, WK Kellogg, GoodRx Holdings, and Century Aluminum also saw pre-market gains due to various factors including legislative changes, business restructuring, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 9:34 am

AZN

The FDA has approved AstraZeneca's Ultomiris (Ravulizumab-cwvz) for treating adult patients with anti-aquaporin-4 antibody-positive neuromyelitis optica spectrum disorder. This approval marks a significant advancement in the treatment options available for this rare and severe autoimmune disease affecting the central nervous system.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:30 am

EGY

VAALCO Energy, Inc. has received approval from the Government of Equatorial Guinea for the Joint Operating Agreement related to the Venus-Block P Plan of Development. This approval, under the Block P Production Sharing Contract, initiates a 25-year development and production period.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 7:06 am

AMD

INTC

China has announced guidelines to phase out US microprocessors from Intel Corp. (INTC) and Advanced Micro Devices, Inc. (AMD) in government PCs and servers by 2027, aiming to replace them with domestic technology. This move also targets replacing Microsoft Windows and foreign-made database software with local alternatives, as part of China's strategy to boost domestic technology amidst escalating US tensions.

Portfolio Pulse from Benzinga Neuro

March 25, 2024 | 3:27 am