Streetbeat News

Regulatory

STLA

Stellantis NV (NASDAQ:STLA) is recalling nearly 340,000 Jeeps in the U.S. due to risks of the wheel dislodging, potentially causing loss of vehicle control. The recall affects 2021-2023 Jeep Grand Cherokee L and 2022-2023 Jeep Grand Cherokee models. Dealers will replace damaged upper control arm pinch bolts. Additionally, nearly 28,000 Ram Promaster vehicles are being recalled over seat belt warning light issues, with dealers set to inspect and replace the seat belt buckle if necessary.

Portfolio Pulse from Anan Ashraf

February 28, 2024 | 12:58 pm

IFF

IFF has received approval for its SYNERXIA yeasts to be used in biofuel production in Argentina, marking a significant step for the company in the biofuel market.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:30 pm

GOGO

Gogo Inc. has provided its financial guidance for 2024, expecting total revenue to be between $410M and $425M, which is in line with the consensus estimate of $423.49M. The company anticipates adjusted EBITDA to range from $110M to $125M, incorporating operating expenses for strategic initiatives like Gogo 5G and Gogo Galileo, and legal expenses from the SmartSky litigation. Free cash flow is projected to be between $20M and $40M, including $45M in reimbursements from the FCC Reimbursement Program, with capital expenditures estimated at $45M.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:18 pm

CANF

Can-Fite BioPharma has received a Notice of Allowance in Canada for its patent application concerning the use of Namodenoson for reducing liver fat in patients with Non-Alcoholic Steatohepatitis (NASH).

Portfolio Pulse from Charles Gross

February 28, 2024 | 12:12 pm

DIS

Florida Governor Ron DeSantis criticized Walt Disney Co. (NYSE:DIS) for cronyism and defended the state's takeover of the district previously controlled by Disney. An audit by the Central Florida Tourism Oversight District (CFTOD) revealed cronyism under Disney's control. DeSantis highlighted the state's success in saving money and promoting local business competition since the takeover. Disney's lawsuit against the state was dismissed by a federal judge, which DeSantis views as a victory and a step forward for Florida.

Portfolio Pulse from Shanthi Rexaline

February 28, 2024 | 12:04 pm

CNTG

Centogene has received a notice from Nasdaq regarding its potential delisting. The company intends to request a hearing to appeal the decision. This development could impact investor confidence and the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:37 am

CNTG

Centogene announced it is exploring strategic alternatives to create long-term value after receiving a Nasdaq delisting notice for not meeting the minimum market value requirement.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 11:33 am

BYND

CPNG

DV

QQQ

SPCE

SPY

Nasdaq and S&P 500 futures declined as traders await GDP data and Fed speeches, with Bitcoin nearing $60K. Mixed earnings and weak retail earnings could impact market mood, though small-cap gains suggest a robust economy. Futures for SPDR S&P 500 ETF Trust and Invesco QQQ ETF fell in premarket trading. Companies like Coupang, Agilent Technologies, and Beyond Meat saw premarket movements due to earnings announcements.

Portfolio Pulse from Shanthi Rexaline

February 28, 2024 | 11:09 am

AMAT

FXI

SPY

Applied Materials disclosed in its recent 10Q filing the receipt of multiple subpoenas related to shipments to China customers and certain federal award applications. This development could have implications for the company's operations and regulatory compliance.

Portfolio Pulse from Charles Gross

February 28, 2024 | 10:52 am

MCD

META

Mark Zuckerberg, CEO of Meta Platforms, humorously suggested a Michelin star for a Japanese McDonald's he visited. His trip includes business meetings in Japan to discuss Meta's technologies and future visits to South Korea and India. Meanwhile, Zuckerberg's legal team is defending him in lawsuits related to social media addiction among children. McDonald's faces challenges in India with a recent outlet suspension.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 8:18 am