Streetbeat News

Regulatory

JZ

Jianzhi Education Technology Group Company Limited (JZ), a leading digital educational content provider in China, announced it has regained compliance with Nasdaq's Minimum Bid Price Requirement. After previously being notified of non-compliance due to its ADSs trading below $1.00, Jianzhi's ADSs have traded at or above $1.00 for 10 consecutive business days, from February 20 to March 4, 2024, thus meeting Nasdaq's requirement.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:56 pm

ADSE

NXT 50five, a joint venture between 50five and NXT Mobility, part of the GP Groot initiative, has won a tender from the Metropolitan Region of Amsterdam (MRA-Electric) to install and operate public rapid charging stations using ADS-TEC Energy's technology. The project involves up to 600 locations, addressing network congestion issues with battery-buffered rapid charging solutions. Installation for the first nine of up to 200 stations is underway.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:51 pm

EQT

UGA

UNG

USO

A Houthi missile attack on the M/V True Confidence in the Gulf of Aden killed three and injured several, disrupting global trade and causing freight carriers to avoid the Red Sea route, leading to increased shipping rates. Oil prices have risen to four-month highs amid the Gaza conflict, affecting the United States Oil Fund (USO), which saw a 1.2% rise but a 0.6% dip in pre-market trade. The United States Gasoline Fund ETF (UGA) is up 16%, and the United States Natural Gas Fund ETF (UNG) gained 5.5% after EQT Corporation announced a production cut. Cease-fire talks in Gaza are deadlocked, raising fears of increased regional tensions.

Portfolio Pulse from Neil Dennis

March 07, 2024 | 1:44 pm

ETWO

E2open Parent Holdings, Inc. (NYSE:ETWO) announced the initiation of a strategic review to enhance shareholder value and strengthen its position in the supply chain management software market. The company reaffirmed its FY24 revenue guidance of $628M-$633M. The review aims to explore options for growth and value creation without a set deadline for completion. E2open's financial advisors for the review are Rothschild & Co and Citi, with Kirkland & Ellis as legal counsel.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:43 pm

CLBT

Cellebrite DI Ltd. (NASDAQ:CLBT) has initiated the FedRAMP authorization process for its SaaS offerings to enhance cloud security for federal customers. This move aims to support faster procurement, eliminate redundant assessments, and ensure high security standards. Cellebrite has partnered with cybersecurity firm Coalfire for this process, expected to complete within 12 months. Coalfire is recognized for its expertise in achieving FedRAMP authorization efficiently. Cellebrite's SaaS solutions, like Guardian, aim to improve operational efficiencies and case management in digital investigations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:39 pm

BEAT

HeartBeam, Inc. has been granted two new US patents for its innovative cardiac monitoring technology. These patents strengthen the company's intellectual property portfolio and underscore its commitment to advancing cardiac care through technology. The patents cover key aspects of HeartBeam's technology, which is designed to improve the detection and monitoring of cardiac events, potentially leading to better patient outcomes.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:34 pm

GOOGL

MORN

SBUX

TXRH

Notable insider sales were reported for Alphabet, Starbucks, Texas Roadhouse, and Morningstar. Alphabet's CEO sold shares amid EU regulatory compliance efforts. Texas Roadhouse's insider sale followed strong Q4 earnings. Starbucks faces layoffs in the Middle East due to boycotts, and Morningstar's executive chairman sold shares after reporting increased Q4 results.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:28 pm

VGK

The European Central Bank (ECB) has decided to keep the refinancing rate unchanged at 4.5% and the deposit rate also remains steady at 4.0%. This decision reflects the ECB's current stance on monetary policy amidst economic conditions in the Eurozone.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:17 pm

BGXX

Bright Green Corporation (BGXX) has submitted its DEA Registration for the production of Schedule I and II Controlled Substances, following approval from the New Mexico Board of Pharmacy. This move is part of its expansion into the legal manufacturing of plant-based controlled substances for medical, research, and other legal purposes. The company aims to contribute to the 'Drugs Made in America' movement by providing a domestic supply of essential medications, thus addressing the national security risk posed by the U.S.'s dependency on imports.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:16 pm

VGK

The Euro Zone Deposit Facility Rate for March remains unchanged at 4%. VGK, which tracks European equities, may be indirectly affected by this decision.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:16 pm