Streetbeat News

Regulatory

CC

Chemours announced that it and its partners have been selected for $60M in grants from the US Department of Energy. These grants are aimed at supporting the advancement of the global hydrogen economy, highlighting the company's involvement in sustainable energy initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 10:51 am

IMUX

Immunic, Inc. has received a notice of allowance from the USPTO for a patent covering the composition-of-matter of Vidofludimus Calcium (IMU-838) and its production method, expected to extend protection into 2039.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 10:33 am

ADTN

Adva Network Security, a unit of Adtran, is launching a project under the Important Projects of Common European Interest (IPCEI) to develop cloud-optimized, secure network access technology. This initiative is part of a broader effort to create a Next-Generation Cloud Infrastructure and Services (IPCEI-CIS) that ensures digital sovereignty.

Portfolio Pulse from Charles Gross

March 20, 2024 | 10:13 am

INTC

Intel's stock price increased following the announcement of a non-binding preliminary memorandum for up to $8.5B in direct funding under the CHIPS and Science Act.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 10:07 am

GOOG

GOOGL

The French Competition Authority has imposed a €250 million fine on Google for failing to comply with commitments it made in June 2022. This action underscores the regulatory challenges Google faces in Europe and could have implications for its operations and financial performance in the region.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:27 am

INTC

Intel and the Biden-Harris administration have announced preliminary terms for up to $8.5 billion in direct funding from the CHIPS and Science Act. This funding aims to bolster semiconductor manufacturing in the U.S., aligning with national efforts to strengthen the domestic supply chain and reduce dependency on foreign semiconductor production.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:09 am

HTOO

Fusion Fuel has received provisional grant approval for its 25 MW HEVO-Aveiro Green Hydrogen Project, marking a significant step forward in its green hydrogen production initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:01 am

BTCUSD

Sam Bankman-Fried's defense team criticizes the DOJ's portrayal of him as a 'super-villain' in their sentencing memorandum, arguing it distorts reality. They suggest a 'just sentence' of 63-78 months, countering the DOJ's recommendation of 40-50 years. Meanwhile, a photo reveals Bankman-Fried's current appearance in detention, and reports discuss his involvement in the 'mackerel economy' at the Metropolitan Detention Center.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 7:14 am

BLK

BlackRock Inc (NYSE:BLK) has filed with the SEC to create a new fund focused on tokenized assets, named the BlackRock USD Institutional Digital Liquidity Fund, in partnership with Securitize. The fund, based in the British Virgin Islands and founded in 2023, aims to attract capital with a minimum investment threshold of $100,000, allowing investments up to $100 million. This development aligns with the market's optimism for Ethereum-based ETFs, following the SEC's approval of Bitcoin ETFs. BlackRock's move into tokenization reflects a broader industry trend towards digital financial assets.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 7:13 am

EWU

The U.K. Consumer Prices Index Including Owner Occupiers' Housing Costs (CPIH) year-over-year has decreased to 3.8% from the previous 4.2%.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 7:03 am