Streetbeat News

Regulatory

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

BTCUSD

El Salvador's President Nayib Bukele reacted with laughter to the indictment of Sen. Bob Menendez, a critic of El Salvador's Bitcoin adoption, on new charges including obstruction of justice. This adds to Menendez's existing bribery charges. Menendez had co-sponsored legislation against El Salvador's Bitcoin use. Meanwhile, Bitcoin reached a new high of $69,170.63 but traded nearly flat at $65,941.32 recently.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 11:30 am

FUFU

BitFuFu has officially filed a Form RW to withdraw its previously submitted registration statement on Form 20FR12B. This move indicates a change in the company's plans regarding its public offering or listing strategy.

Portfolio Pulse from Charles Gross

March 07, 2024 | 11:29 am

BEEM

Beam Global has been named as a supplier on the UK's CCS Spark Dynamic Purchasing System, marking its first European government supplier agreement. The CCS is a key procurement tool for UK government entities, aimed at maximizing commercial value in the procurement of common goods and services.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:07 am

AAPL

Y Combinator co-founder Paul Graham criticized Apple Inc. (NASDAQ:AAPL) for its decision to terminate Epic Games' developer account, highlighting a broader discontent among app developers and tech personalities with Apple's policies on app store alternatives and payment options. The criticism comes amid Apple's ongoing feud with Epic Games over app store policies and payment systems, with Apple accused of non-compliance with court orders. The situation raises questions about Apple's power and its impact on developers and the tech industry.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 8:42 am