Streetbeat News

Regulatory

GEHC

The FDA has classified the recall of Datex-Ohmeda's EVair air compressors as a Class I recall due to the discovery of formaldehyde emissions under specific conditions. These compressors are used with Engstrom Carestation or Pro ventilators.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:07 pm

JNJ

The FDA has approved Amivantamab-Vmjw for the treatment of adult patients with locally advanced or metastatic non-small cell lung cancer (NSCLC) that have EGFR Exon 20 insertion mutations. The recommended dose of Amivantamab-Vmjw is based on the patient's body weight.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 7:46 pm

AAL

BKNG

EXPE

LUV

UAL

The CDC has updated its COVID-19 guidelines, allowing individuals to return to work or school if they've been fever-free for 24 hours and their symptoms are improving. This change, aimed at simplifying compliance and protecting public health, could positively impact travel stocks as it reduces the isolation period from five days, potentially boosting ticket sales for airlines and travel companies.

Portfolio Pulse from Aaron Bry

March 01, 2024 | 7:32 pm

SWX

Southwest Gas has filed a proposal in Nevada for a 15% reduction in the gas cost component of customer bills starting April 1. The filing, to be reviewed by the Public Utilities Commission of Nevada in May, aims to become effective by July 1.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:59 pm

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) has launched the first legalized mobile sports betting in North Carolina through its Caesars Sportsbook app, in partnership with the Eastern Band of Cherokee Indians. The app is now live on tribal lands and will roll out statewide on March 11, pending regulatory approval. The launch includes special offers for early registrants and integrates with the Caesars Rewards program for added benefits. Caesars emphasizes responsible gaming with a 21+ policy and comprehensive training for its team members.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:14 pm

ETHUSD

On Thursday, 14,696.13 Ether (ETH) worth approximately $50.2 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade, which introduced a variable base fee for transactions that is burned, reducing Ether's supply. The Ethereum network is currently issuing Ether at a 4% annual rate, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -19.18% yesterday.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 6:00 pm

GM

General Motors is recalling nearly 820,000 pickup trucks in North America due to a defect where tailgates may unexpectedly unlatch, as reported by Reuters citing the automaker.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:54 pm

PYPD

Rosalind Advisors, Inc. has reported a 9.95% stake in PolyPid Ltd. as of February 13, 2024, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:53 pm

GBTC

Bitcoin, Ethereum, and Dogecoin are consolidating with bullish patterns, indicating a strong bull cycle this year, partly due to SEC's approval of Bitcoin ETFs and anticipation of Ethereum ETFs. The next Bitcoin halving in April is also seen as bullish. Grayscale Bitcoin Trust (GBTC) has risen about 60% this year, showing similar bullish patterns. The consolidation allows for potential significant price rises, with specific resistance and support levels identified for each cryptocurrency.

Portfolio Pulse from Melanie Schaffer

March 01, 2024 | 4:55 pm

AVCNF

TLRY

TYL

MMJ.com is expanding its medical marijuana telehealth services to 26 states, enhancing patient access and leveraging telehealth innovation. Tilray Brands, Inc. (TLRY) and Avicanna Inc. (AVCNF) have launched platforms to educate on medical cannabis, while Tyler Technologies, Inc. (TYL) provides a licensing solution for the cannabis industry in Mississippi. The Benzinga Cannabis Capital Conference in Florida will further discuss industry trends.

Portfolio Pulse from Jelena Martinovic

March 01, 2024 | 4:29 pm