Streetbeat News

Regulatory

SPI

SPI Energy has received a delist determination notice from Nasdaq after failing to comply with Listing Rule 5550(a)(2). As a result, its securities will be delisted from the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:39 pm

AAPL

GS

Apple and Goldman Sachs have been fined $89 million by the CFPB for service breakdowns and misrepresentations affecting Apple Card users. The issues included long refund wait times and incorrect credit reporting. Goldman Sachs is also restricted from launching new credit card products until issues are resolved.

Portfolio Pulse from Aaron Bry

October 23, 2024 | 8:26 pm

BMR

Beamr Imaging has received a Notice of Allowance for its US Patent Application 17/095,765, titled 'Video Coding System (Including An Acceleration Device)'. This development could enhance Beamr's technological offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:01 pm

ISRA

SPY

USO

The article discusses U.S. Secretary of State Antony Blinken's push for a cease-fire in Gaza and Lebanon amid escalating Israeli military actions. Israeli Defense Minister Yoav Gallant threatens Iran, and Lebanon's economy faces potential collapse due to the conflict. The VanEck Israel ETF (ISRA) and SPDR S&P 500 ETF (SPY) saw declines, while oil prices tracked by the United States Oil Fund (USO) also fell.

Portfolio Pulse from Piero Cingari

October 23, 2024 | 7:48 pm

NEE

NextEra Energy is exploring the possibility of restarting its closed Duane Arnold nuclear power plant in Iowa. The company is conducting engineering studies and engaging with U.S. regulators to assess the feasibility of this move.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:24 pm

DJT

The Justice Department has warned Elon Musk's America PAC that its $1 million giveaway to registered voters in swing states may violate federal law. The sweepstakes, aimed at increasing voter registrations, has raised legal concerns as federal law prohibits paying people to register to vote. The PAC has attempted to reframe the giveaway as a payment for a job, but legal experts note that the terms still require participants to be registered voters in specific states.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:09 pm

EPOL

LMT

The U.S. State Department has approved a potential $7.3 billion sale of F-16 Viper Midlife Upgrades to Poland, including logistics and program support. This sale is a significant development in U.S.-Poland defense relations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:05 pm

TSM

The U.S. House Committee on China is seeking answers from the Commerce Department and TSMC regarding a TSMC chip found in a Huawei device, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:04 pm

LLY

Eli Lilly's Alzheimer's drug, donanemab, has been approved by UK regulators but is not considered cost-effective by NICE, leading to coverage refusal. Despite approval, the drug faces challenges in being adopted due to its high cost relative to benefits.

Portfolio Pulse from Vandana Singh

October 23, 2024 | 6:57 pm

DBVT

DBV Technologies (NASDAQ:DBVT) is advancing its Viaskin Peanut patch for treating peanut allergies in children, with progress in FDA and European regulatory pathways. However, financial concerns persist as the company seeks additional funding.

Portfolio Pulse from Vandana Singh

October 23, 2024 | 6:15 pm