Streetbeat News

Regulatory

JWSM

NYSE American has announced the suspension of trading for Jaws Mustang Acquisition Corporation, which may impact investors holding shares in this company.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:25 pm

ABLV

Able View Global Inc. (NASDAQ:ABLV) received a notification from Nasdaq about non-compliance with the minimum bid price requirement, as its stock price was below $1.00 for 30 consecutive trading days. This notification does not immediately affect its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:19 pm

GGR

Gogoro Inc. has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement, as its shares have been trading below $1.00 for 30 consecutive days. This notification does not currently affect the listing or trading of Gogoro's shares.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:18 pm

ETH

MATIC

USDC

A French trader, known as Théo, has placed a $30 million bet on Donald Trump winning the 2024 presidential election on the prediction market Polymarket. Théo claims his motivation is purely financial, not political. His bets represent a significant portion of the market, raising questions about market integrity. Polymarket does not allow U.S. residents to wager, and Théo's identity remains partially anonymous.

Portfolio Pulse from Chris Katje

November 01, 2024 | 8:07 pm

AVA

Avista has filed a request with the Public Utility Commission of Oregon to increase natural gas base rates by 6.6% starting September 1, 2025. This proposal aims to raise natural gas base revenue by approximately $7.8 million, with a proposed rate of return of 7.67% and a 10.4% return on equity.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:07 pm

IRON

Disc Medicine, Inc. (NASDAQ:IRON) will host a conference call on November 4 to discuss feedback from its end-of-Phase 2 FDA meeting for Bitopertin, a treatment for erythropoietic protoporphyria.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:03 pm

GLASF

HITI

TLRY

The article discusses how top cannabis companies, Tilray, High Tide, and Glass House Brands, are navigating financial pressures and regulatory uncertainties. High Tide shows positive growth with market expansion and a strong loyalty program. Tilray faces operational losses despite revenue growth, focusing on potential acquisitions to strengthen its medical cannabis segment. Glass House Brands aims for cost leadership in cultivation, with plans to reduce production costs and expand operations. The cannabis sector remains resilient amid market pressures and election uncertainties.

Portfolio Pulse from Patricio Liddle

November 01, 2024 | 8:03 pm

UPC

Universe Pharmaceuticals INC (NASDAQ:UPC) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its share price has fallen below $1.00 for 30 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:02 pm

META

Meta Platforms Inc. has lost its appeal in the UK regarding a class action lawsuit that accuses Facebook of abusing its dominant position and exploiting user data. The UK's Court of Appeal upheld a previous decision allowing the lawsuit to proceed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 7:32 pm

CBOE

COIN

21Shares has filed for a spot XRP ETF with the SEC, aiming to list it on the Cboe BZX Exchange. This move is part of a broader trend of investment firms seeking to expand access to cryptocurrency through ETFs, despite ongoing legal challenges involving Ripple and the SEC.

Portfolio Pulse from Khyathi Dalal

November 01, 2024 | 7:16 pm