Streetbeat News

Regulatory

AHG

Akso Health Group has filed for a mixed shelf offering with the SEC, allowing it to issue up to $400 million in securities. This strategic move could provide the company with flexible financing options for future growth, acquisitions, or debt management.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:51 pm

GOOG

GOOGL

MSFT

Google has intensified its criticism of Microsoft, cautioning about the potential monopoly Microsoft could establish in the cloud computing sector. This move by Google highlights the increasing competition and concerns regarding market dominance in the rapidly growing cloud services industry.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:44 pm

ACON

AKLI

FRPT

HOLO

VERO

ZVSA

Freshpet, Inc. (NASDAQ:FRPT) shares surged 15.5% after reporting Q4 earnings and sales above estimates. Other stocks also moved significantly in Monday's mid-day session, with notable gainers including Akili, Inc. (NASDAQ:AKLI), ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA), and MicroCloud Hologram Inc. (NASDAQ:HOLO), among others. Losers included Aclarion, Inc. (NASDAQ:ACON) and Venus Concept Inc. (NASDAQ:VERO).

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 6:57 pm

BMRN

BioMarin Pharmaceutical Inc. has complied with a subpoena from the U.S. Department of Justice requesting documents related to its testing programs for VIMIZIM and NAGLAZYME. The company cannot predict the outcome of the investigation or its impact on its business or financial statements.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:52 pm

BYDDY

TSLA

BYD Company Limited is targeting the luxury EV market with its new super EV, the U9, from its luxury brand Yangwang, challenging established brands like Ferrari with its high speed and acceleration. BYD's expansion into Europe includes building its first factory in Hungary, a move supported by Beijing's subsidies. Meanwhile, Tesla Inc faces increased competition from BYD, especially as BYD does not sell its EVs in the U.S. due to tariffs but is expanding globally. General Motors is also re-entering the European market with luxury EVs, starting with the Cadillac Lyriq in France.

Portfolio Pulse from Upwallstreet

February 26, 2024 | 6:44 pm

ACI

SPY

The White House supports the FTC's lawsuit to block the Albertsons-Kroger merger, emphasizing President Biden's commitment to promoting healthy competition among large corporations to lower grocery costs for families.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:20 pm

EWJ

INDA

SPY

The U.S. is aiming to strengthen defense industrial cooperation with Japan and India, among other Indo-Pacific partners, to enhance supply chain resilience against threats such as China, according to a senior Pentagon official. This move is seen as a strategic effort to bolster a strong industrial base as a deterrent.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:08 pm

AKLI

Akili's stock price increased following the announcement that its Japanese partner, Shionogi & Co. Ltd, has submitted their digital therapeutic SDT-001 for marketing approval in Japan.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 6:01 pm

ETH-USD

On Sunday, 6,102.97 Ether (ETH) worth $19,247,054 was burned, permanently removing it from circulation. This follows the EIP-1159 upgrade to the Ethereum blockchain, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to decrease to 0.5-1% with Ethereum 2.0, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -5.65% yesterday.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

SNY

Peru is set to declare an emergency in parts of the country due to a significant increase in dengue cases, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:55 pm