Streetbeat News

Regulatory

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), criticized Google on X for what he perceives as bias in its search results, specifically mentioning a change in the definition of 'bloodbath' following a speech by Donald Trump. Musk's comments reflect his ongoing concerns about 'woke AI' affecting content and information accuracy.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 2:46 am

AAPL

AMZN

MSFT

The Department of Justice (DOJ) has filed a lawsuit against Apple Inc., accusing it of creating barriers that led to the failure of smartphones from Amazon.com, Inc., Microsoft Corporation, and HTC Corporation. The lawsuit highlights past failures like Amazon's Fire phone, Microsoft's mobile business, and HTC's smartphone endeavors. Apple responded, stating the lawsuit threatens its innovation and sets a dangerous precedent. This is the third antitrust case against Apple in 14 years, marking the first accusation of illegally maintaining dominance in the phone market.

Portfolio Pulse from Ananya Gairola

March 22, 2024 | 1:49 am

CELTF

Centamin PLC (OTCPK: CELTF), a gold mining company operating in Egypt, reported a 25% increase in annual profit for 2023, reaching $195.1 million, driven by higher gold sales volume and prices. The company's revenue rose by 13% to $891.3 million, with gold sales from the Sukari mine increasing by 4% to 456,625 ounces. Despite these gains, Egypt's economic challenges and geopolitical instability pose risks to Centamin's operations.

Portfolio Pulse from Stjepan Kalinic

March 21, 2024 | 10:06 pm

NXST

Nexstar Media expressed disappointment in the FCC's recent action concerning its relationship with WPIX-TV and plans to vigorously dispute it. This indicates potential regulatory challenges for Nexstar.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 9:47 pm

AXNX

MDT

Axonics announced plans to seek review of the PTAB's decision, which invalidated 10 of 15 claims in Medtronic's ‘314 patent but upheld the ‘756 patent claims. The ongoing district court case against Axonics by Medtronic is stayed pending these and other IPRs. Axonics remains committed to defending against Medtronic's claims and focusing on their mission.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:58 pm

AEE

Ameren Missouri, a subsidiary of Ameren Corporation (AEE), has received approval to build or acquire around 400 megawatts of solar energy. The first solar project is expected to be operational in 2025, followed by two additional projects in 2026.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:48 pm

ELBM

Electra has been granted an extension until September 16, 2024, to meet Nasdaq's minimum bid price requirement, allowing its shares to continue trading on Nasdaq during this period.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:42 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) shares surged following the U.S. Department of Commerce's approval of its Oklahoma City facility as a Foreign Trade Zone, enhancing its electric vehicle manufacturing strategy in America. The approval is expected to improve unit profitability and expedite breakeven. The Oklahoma City site, employing over 100 people, aims to create up to 1,100 manufacturing jobs at full capacity. The FTZ designation benefits include eliminating customs duties on international sales and deferring duties on imported parts for domestic sales. Canoo's stock has risen nearly 200% since the announcement. However, year to date, GOEV shares have lost 64.35%, outperforming its historical average annual return of -78.69%. The stock's RSI of 78.36 indicates overbought conditions.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 8:35 pm

CJET

Chijet Motor has received a Nasdaq notice of deficiency due to the resignation of a director, which may affect its compliance with Nasdaq's listing rules.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:33 pm

SPWR

SunPower Corp. has received a notification from Nasdaq due to the delayed filing of its annual report on Form 10-K. This delay could potentially lead to non-compliance with Nasdaq's listing requirements if not resolved timely.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 8:31 pm