Streetbeat News

Regulatory

CYT

Cyteir Therapeutics, Inc. (NASDAQ:CYT) announced its intent to delist its common stock from the Nasdaq Global Select Market, with trading suspension effective before the market opens on March 18, 2024. This move precedes the company's filing of a certificate of dissolution on March 20, 2024, and the closure of its stock transfer books. The official delisting is expected to be effective on March 28, 2024. This decision is part of Cyteir's Plan of Complete Liquidation and Dissolution, approved by its board and stockholders, due to the costs and burdens of being a publicly traded company amidst its planned dissolution.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:53 pm

AAPL

JAMF

Jamf (NASDAQ:JAMF) announced same-day support for Apple Vision Pro's visionOS 1.1, enhancing its capabilities for enterprise use. This support includes mobile device management (MDM) for deploying and leveraging Apple Vision Pro at scale. Jamf's initiative follows its recent support for iOS 17.4, addressing changes from the Digital Markets Act. The company continues to enable secure and managed access to company resources for Apple devices, including new configurations to manage third-party app restrictions.

Portfolio Pulse from Happy Mohamed

March 07, 2024 | 9:44 pm

SPRY

ARS Pharmaceuticals, Inc. (NASDAQ:SPRY) hosted an investor event to discuss neffy, an investigational epinephrine nasal spray for severe Type I allergic reactions. The event highlighted the unmet need in the current epinephrine market, with a significant portion of patients not using their prescribed treatments correctly. neffy's potential benefits include effectiveness, safety, ease of use, and rapid action. ARS Pharma plans to resubmit a response to the FDA's Complete Response Letter in Q2 2024, aiming for a launch in the second half of 2024. The company also anticipates a decision from the European Medicines Agency in Q2 2024 and is developing neffy for urticaria treatment.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:36 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) and IMC celebrated the unveiling of IMC's 50 Nikola hydrogen fuel cell electric trucks at the grand opening of IMC's sustainable facility in Compton. This event marks a significant step in their partnership aimed at decarbonizing the drayage sector. IMC has already received 10 trucks, with 40 more expected by the end of 2024. These trucks, purchased through Tom's Truck Centers, support California's push towards zero-emission vehicles in drayage operations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:33 pm

ALSA

Alpha Star Acquisition Corp (ALSA) received a letter from Nasdaq on March 4, indicating that the company has regained compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:29 pm

INM

InMed Pharmaceuticals has received a notice of allowance for its U.S. patent application 16/098,324, which covers the use of topical formulations of cannabinoids for treating Epidermolysis Bullosa and related connective tissue disorders. This development could potentially open new therapeutic avenues and market opportunities for InMed Pharmaceuticals in the treatment of these conditions.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:00 pm

AVGO

NVDA

RIVN

SPY

VGK

The European Central Bank (ECB) has decided to leave interest rates unchanged. NVIDIA's stock continues to rise after Mizuho increased its price target. Rivian has unveiled new models, potentially impacting its market position. Broadcom is set to report its earnings after the market closes. President Biden is scheduled to give the State of the Union address at 9:00 p.m. ET, which could influence market sentiment.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:42 pm

AMZN

GOOGL

META

SNAP

SPY

Top Democrat on the House Energy and Commerce Committee, Pallone, expressed support for a bill aimed at cracking down on TikTok. This move could signal increased regulatory scrutiny for social media and tech companies.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:34 pm

AMZN

GOOGL

META

SNAP

SPY

The U.S. House Committee has unanimously approved a bill aimed at cracking down on TikTok, passing with a 50-0 vote. This move could have significant implications for U.S. tech companies and the broader stock market.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:33 pm

COF

DFS

JPM

MA

V

JPMorgan Chase & Co (NYSE:JPM) pursued Discover Financial Services (NYSE:DFS) for a year before Capital One Financial Corp (NYSE:COF) won the bid at $35 billion. JPMorgan aimed to acquire Discover's Pulse payments network but faced regulatory challenges and eventually abandoned the effort. The deal would have reduced JPMorgan's reliance on Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA). Despite regulatory hurdles for JPMorgan, Capital One's acquisition faces less scrutiny, potentially due to its smaller market share.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 8:27 pm