Streetbeat News

Regulatory

VRPX

Virpax Pharmaceuticals received a letter from Nasdaq on March 15, indicating that the company has regained compliance with Nasdaq Listing Rule 5550(a)(2).

Portfolio Pulse from Charles Gross

March 18, 2024 | 10:38 am

VGK

The Eurozone Core Consumer Price Index (CPI) for February reported a year-on-year increase of 3.1%, aligning with estimates and showing a slight decrease from the previous 3.3%.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:01 am

VEON

VEON's subsidiary, Banglalink, has been awarded a unified licence by the Bangladesh Telecommunication Regulatory Commission (BTRC), which consolidates its current licences and lays the foundation for the introduction of future technologies in Bangladesh. This move is expected to enhance Banglalink's ability to offer digital services in the region.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:05 am

AAPL

GOOGL

Apple Inc. (AAPL) is reportedly in talks with Alphabet Inc. (GOOGL, GOOG) to license Google's Gemini AI models for future iPhones. This potential partnership aims to enhance iPhone software features with generative AI capabilities. Apple has also considered a similar deal with OpenAI but prefers Google's technology, which is seen as more advanced. The deal could face antitrust scrutiny and indicates Apple's AI may not be as developed as expected. The outcome of these discussions remains uncertain, with possibilities including no deal or partnerships with multiple AI providers.

Portfolio Pulse from Ananya Gairola

March 18, 2024 | 7:24 am

BMY

TSVT

The FDA Advisory Committee has voted in favor of Bristol Myers Squibb's and 2seventy Bio's Abecma for use in earlier lines of therapy for triple-class exposed multiple myeloma. The supplemental Biologics License Application for Abecma is still under review by the FDA. Abecma has already been approved in Japan and Switzerland and received a positive CHMP Opinion by the European Medicines Agency based on the KarMMa-3 study.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:37 am

TSLA

Elon Musk, CEO of Tesla and SpaceX, highlighted the White House's alleged influence on social media platforms ahead of a Supreme Court case, Murthy v Missouri. The case, set to be heard, centers on accusations of the Biden administration coercing social media companies to censor dissent, particularly during the Covid-19 pandemic. This follows a federal appeals court ruling suggesting government agencies likely infringed upon First Amendment rights by pressuring platforms to remove posts. Musk's comments come amid ongoing legal battles over online misinformation and free speech.

Portfolio Pulse from Ananya Gairola

March 18, 2024 | 4:24 am

TSLA

This week's political updates include speculation on a Trump vs. Biden 2024 presidential race, with polls showing Trump leading. Elon Musk, CEO of SpaceX and Tesla Inc. (NASDAQ:TSLA), responded to Putin's nuclear threat with a terse comment on X. Biden's approval ratings are up, with voters blaming inflation on corporations. The Supreme Court ruled Trump can run in 2024, despite the 14th Amendment's insurrection ban. Trump also faced a $91M defamation judgment bailout, potentially leading to another lawsuit.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 12:16 pm

BTCUSD

The weekend financial news roundup covered topics from Bitcoin's potential to address the U.S. national debt, Edward Snowden's critique of Janet Yellen, to the unexpected rise in inflation affecting Federal Reserve decisions. Coinbase CEO Brian Armstrong suggested Bitcoin as a solution to the national debt crisis. Edward Snowden highlighted a contradiction in Yellen's statements regarding U.S. financial capabilities. Inflation rates exceeding expectations in February 2024 are likely to influence the Federal Reserve's upcoming decisions, with persisting inflation adding pressure on Fed Chair Jerome Powell. Additionally, Dave Ramsey criticized the traditional retirement paradigm, advocating for a re-evaluation of life and financial planning.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 10:45 am

MSFT

NVDA

TSLA

This week in tech saw escalating tensions between Elon Musk and OpenAI, Edward Snowden's commentary on AI pessimism, and discussions on Nvidia's H100 GPU's impact on tech spending. Musk accused OpenAI of dishonesty and data theft, while tech experts and analysts weighed in on the potential game-changing nature of Nvidia's GPU and the competitive landscape of Tesla's Optimus project in light of new entrants powered by Microsoft-backed OpenAI.

Portfolio Pulse from Benzinga Neuro

March 17, 2024 | 7:15 am

GOOG

META

Prosecutors in Virginia are investigating Meta Platforms, Inc. (NASDAQ:META) for potentially facilitating and profiting from illegal drug sales on Facebook and Instagram. The investigation, led by Assistant U.S. Attorney Randy Ramseyer, involves subpoenas sent in 2023 as part of a criminal grand jury probe. Meta asserts it has policies against drug sales and collaborates with law enforcement to combat online drug sales. Additionally, NY Gov. Kathy Hochul accused Meta and Alphabet Inc (NASDAQ:GOOG) of promoting unlicensed cannabis businesses.

Portfolio Pulse from Maureen Meehan

March 17, 2024 | 12:58 am