Streetbeat News

Regulatory

VGK

The Eurozone's interest rate decision for March remains unchanged at 4.50%. VGK, an ETF that tracks European stocks, is directly mentioned in relation to this news.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:16 pm

RKLB

VSAT

Viasat Inc. (VSAT) has partnered with Rocket Lab USA, Inc (RKLB) to support NASA's CSP program, demonstrating multi-band space-relay capabilities for LEO satellites. The partnership, valued at $80 million, aims to reduce data latency and increase throughput for LEO space missions. Viasat's solutions include the Real-Time Space Relay and InCommand system, utilizing its Ka- and L-band networks. Rocket Lab will provide a spacecraft bus, mission operation support, and develop a new L-band radio for the InCommand system. The demonstration mission is scheduled for early 2026.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:08 pm

EHC

Encompass Health (EHC) and Piedmont have announced receiving a Certificate of Need for constructing a 40-bed inpatient rehabilitation hospital in Loganville, Georgia. This development marks a significant step in expanding their healthcare services in the region.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:55 pm

DFIN

Donnelley Financial Solutions (DFIN) has introduced a solution to facilitate compliance with the US Securities and Exchange Commission's new climate-related disclosure mandate, aiming to make the process both easy and cost-effective for companies.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:44 pm

LILM

Lilium has expressed support for the New York City Economic Development Corporation's (NYC EDC) decision to seek an agnostic operator for the Downtown Manhattan Heliport, emphasizing the inclusion of Advanced Air Mobility (AAM). This move is seen as a positive step towards integrating AAM into urban transportation networks, potentially benefiting Lilium by expanding its operational scope and visibility in a key urban area.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:36 pm

GLD

SPY

U.S. markets closed higher, influenced by economic data and Federal Reserve Chair Jerome Powell's comments, hinting at a potential interest rate cut. Asian and European markets showed mixed results, with gold reaching a new high due to lower U.S. interest rate expectations. Economic indicators included U.S. job growth and trade surplus figures, alongside commodity and forex market movements.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 12:29 pm

TLSI

Trisalus Life Sciences has received approval from the World Health Organization and the American Medical Association's Adopted Name Council for 'nelitolimod' as the nonproprietary name for its drug SD-101.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 12:18 pm

AAPL

Apple Inc. is under scrutiny by the European Union for terminating Epic Games' developer account, preventing it from launching its own app store for iPhone users in Europe. This action could lead to another legal clash and potential penalties under the EU's new Digital Markets Act. The incident is part of ongoing controversies involving Apple's App Store policies, including a recent $1.95 billion EU fine for excluding music-streaming competitors and backlash over a 27% fee on sales from app links.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 11:57 am

WBX

Wallbox, in partnership with Clean and Prosperous Institute and Adopt A Charger, has secured proposed awards of $25.6M from the Washington Department of Commerce's Electric Vehicle Charging Program. This funding aims to enhance electric vehicle (EV) charging infrastructure, aligning with growing EV adoption.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:51 am

NYCB

QQQ

SPY

VSCO

U.S. stock futures are up, driven by hopes of Fed rate cuts and Jerome Powell's dovish comments. NYCB's bailout and job market indicators are in focus. S&P 500 ETF (SPY) and Invesco QQQ ETF (QQQ) rose in premarket trading. Companies like VSCO, ABM, AEO, BILI, BJ, BURL, CIEN, FCEL, KR, BBAI, AVGO, DOCU, COST, GPS, IOT, SWBI, MDB, RIVN, and PLTR are highlighted for their stock movements or upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

March 07, 2024 | 11:43 am