Streetbeat News

Regulatory

MJ

MSOS

Negotiations over the Safe Banking Act, specifically section 10 which addresses protections for gun shops and relates to the Operation Choke Point program, are nearing completion according to Rep. Blaine Luetkemeyer. This section has been a point of contention but is close to being finalized, with support from both sides of the aisle.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:52 pm

CHAA

Catcha Investment Corp (NYSE:CHAA) and Crown LNG Holdings AS announced the SEC's effectiveness of their Registration Statement for a proposed business combination. A special meeting for Catcha shareholders to approve the deal is scheduled for March 6, 2024. The combination aims to leverage Crown's LNG infrastructure solutions in harsh weather locations, with the combined company's shares and warrants expected to trade under new ticker symbols 'CGBS' and 'CGBSW'. The deal highlights the growing demand for LNG and aims to provide stable, long-term returns to investors.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:33 pm

APLD

RILY

The Bear Cave released a report on B. Riley Financial (RILY), highlighting issues such as ties to accused fraudster Brian Kahn, regulatory concerns, and questionable audit practices. The report details B. Riley's financial exposure to Kahn, including $201 million in potentially double-pledged loans, and recent developments like the departure of their audit engagement partner at Marcum. Additionally, Marcum has hired outside counsel for regulatory matters related to B. Riley.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:32 pm

DE

During a conference call, a Deere executive mentioned that high interest rates are leading to increased caution among consumers in Western Europe. This statement suggests potential impacts on Deere's business operations and sales in that region.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:15 pm

DE

A Deere executive has indicated that demand for their products is expected to be the softest in Central & Eastern Europe due to disruptions in local commodity markets caused by the ongoing conflict in Ukraine, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 3:13 pm

LLY

NVO

Eli Lilly's obesity drug Mounjaro, also approved for diabetes, launches in the UK, making it the first major market for its prefilled pen version. The UK, with Europe's highest obesity rate, sees Superdrug and Simple Online Pharmacy offering the drug to both NHS and private patients. The launch follows MHRA's approval and marks a significant step for Eli Lilly, competing with Novo Nordisk's Wegovy. Pricing for a 4-week course starts at £189 for private patients.

Portfolio Pulse from Vandana Singh

February 15, 2024 | 3:09 pm

NNOX

NVDA

Nano X Imaging Ltd (NNOX) shares surged after Nvidia Corp (NVDA) disclosed a stake in the company in its 13F filing. The stake of 59,632 shares is valued at $379,856. NNOX's stock volume spiked to 4.460 million from an average of 819.237K. Additionally, the FDA granted 510(k) clearance to NanoX's HealthFLD, an AI software for liver analysis. NNOX has an average 1-year price target of $20.0, indicating a potential upside of 90.84%, with bullish ratings from analysts.

Portfolio Pulse from Vandana Singh

February 15, 2024 | 2:55 pm

BA

FAA's Whitaker has engaged with Boeing engineers and mechanics to gain insights into the safety culture at the Washington facility. Additionally, the FAA is concluding its enhanced oversight audit of Boeing's production and manufacturing quality systems within the next few weeks.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:48 pm

BA

FAA Chief Whitaker visited Seattle to receive feedback from employees on Boeing oversight. The FAA is expanding oversight of new aircraft, including increased presence at Boeing facilities.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:46 pm

MMSI

Merit Medical has received FDA 510(k) clearance for its SCOUT MD Surgical Guidance System, marking a significant regulatory milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:27 pm