Streetbeat News

Regulatory

ALYA

Trading on ALYA has been halted at 7:25 a.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 12:25 pm

BMY

Bristol Myers Squibb (NYSE:BMY) announced the FDA's acceptance of two sBLAs for Breyanzi to treat relapsed or refractory FL and MCL, granting Priority Review with PDUFA goal dates in May 2024. Japan's MHLW also accepted an sNDA for Breyanzi for relapsed or refractory FL.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 12:00 pm

ITRM

Trading on the stock ITRM has been halted at 6:55 a.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:55 am

RGS

Regis Corporation (NASDAQGM:RGS) has adopted a tax benefits preservation plan to protect its net operating loss carryforwards (NOLs) and other tax attributes. As of September 30, 2023, Regis reported approximately $646 million in U.S. federal NOLs, which are mostly not subject to expiration and can offset future taxable income.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:36 am

FLOKIUSD

The Floki team has responded to the Hong Kong Securities and Futures Commission's concerns by implementing safeguards in their staking program. They have added disclaimers and blocked Hong Kong residents from participating in the Floki and TokenFi staking programs. The team also explained the high APY of their staking program, which is tied to the market value of $TOKEN. The SFC had issued a warning about high-return staking programs, and Floki's token was trading up 2.10% at the time of the article.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 11:20 am

OESX

Orion Energy Systems received a notice from Nasdaq on January 26 confirming that the company has regained compliance with the Nasdaq Bid Price Rule, according to an 8-K filing.

Portfolio Pulse from Charles Gross

January 30, 2024 | 11:19 am

META

Meta Platforms Inc (NASDAQ:META) has partnered with the Center for Open Science to share 'privacy-preserving social media data' with researchers, ahead of a congressional hearing on children's online safety. The company, facing pressure to provide data for research on social media's mental health impact, expanded access through the Meta Content Library. CEO Mark Zuckerberg will testify before Congress, as Meta introduces new safety measures on Facebook and Instagram, including messaging restrictions and parental controls. META shares were up 0.47% premarket.

Portfolio Pulse from Anusuya Lahiri

January 30, 2024 | 11:17 am

HSBC

HSBC Holdings PLC (NYSE:HSBC) has been fined £57.4 million ($73 million) by the Bank of England's Prudential Regulation Authority for failing to properly implement depositor protection rules between 2015 and 2022. The fine was reduced from £96.5 million due to HSBC's cooperation with the investigation. The bank failed to accurately identify deposits eligible for the UK's Financial Services Compensation Scheme. HSBC shares traded lower by 0.483% in premarket.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 10:55 am

DIS

Reliance Industries has not commented on rumors of a potential merger with Walt Disney Co's India unit. The speculation arose from reports of advanced discussions to merge media and entertainment operations in India, potentially creating the largest media conglomerate in the country. However, Reliance has remained silent following a recent dispute involving Zee Entertainment and Disney Star, which could lead to a $2-billion valuation downgrade for Disney Star due to financial losses from media rights agreements.

Portfolio Pulse from Utkarsh Roshan

January 30, 2024 | 10:35 am

FXI

SPY

The U.S. and China held a Counter-Narcotics Working Group meeting in Beijing, where China's Public Security Minister reported in-depth, pragmatic communication and a common understanding on the group's work plan, according to a Reuters pool report.

Portfolio Pulse from Charles Gross

January 30, 2024 | 10:25 am