Streetbeat News

Regulatory

ANVS

Annovis Bio, Inc. has filed a patent application for the use of buntanetap and its analogues in treating neuropsychiatric conditions. This expands the company's portfolio and follows a provisional application filed on January 24, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:14 pm

AQMS

Aqua Metals, Inc. (NASDAQ:AQMS) has received a $2.2 million economic incentive package from the Nevada Governor's Office of Economic Development to support its expansion in Nevada. The tax abatement will provide partial tax relief over ten years for equipment and building improvements at the Sierra AquaRefining™ Campus, which is expected to contribute $392 million to Nevada's clean energy economy.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:14 pm

AVRO

Trading on AVRO has been halted at 7:55 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 | 12:55 pm

ALYA

Trading for ALYA was halted and then resumed at 7:55 AM ET, with updated quotation, news, and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 12:55 pm

LHX

NOC

The Pentagon is facing challenges in advancing its weaponry due to defense contractors' reluctance to take on high-risk projects with potential financial losses. Northrop Grumman Corporation (NOC) incurred a $1.2 billion charge for the B-21 Raider bomber, impacted by inflation, supply chain issues, and labor shortages. L3Harris Technologies Inc (LHX) and others are cautious about cost-plus contracts that shift to fixed-price deals, making them liable for overruns. This hesitancy could affect the U.S.'s competitive edge in military and space capabilities.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 12:50 pm

BAYRY

BAYZF

An Australian court is nearing a decision in a class action lawsuit against Bayer AG, alleging that its weedkiller Roundup causes cancer. This is the first case of its kind in Australia to reach this stage, with over 1,000 claimants. Bayer has already faced over 50,000 claims in the U.S. and recently was ordered to pay $2.2 billion in a Pennsylvania case. The outcome of the Australian case could set a precedent and lead to significant compensation, although likely less than U.S. cases. Bayer acquired Monsanto, the producer of Roundup, in 2018 and has been dealing with legal challenges since.

Portfolio Pulse from Vandana Singh

January 30, 2024 | 12:49 pm

TSLA

Tesla has been granted U.S. Patent #11888108 for a 'Prelithiated hybridized energy storage device.' This patent could signify advancements in Tesla's battery technology, potentially leading to more efficient energy storage solutions for their electric vehicles and energy storage products.

Portfolio Pulse from Charles Gross

January 30, 2024 | 12:46 pm

AMD

GOOGL

MSFT

QQQ

SPY

Wall Street exhibited caution on Tuesday as investors awaited key earnings from Microsoft, Alphabet, and AMD. The Federal Reserve Open Market Committee began its two-day meeting, with outcomes influencing market sentiment. Monday saw a rally in U.S. stocks, with major indices hitting new records. Analyst Tom Lee warned of a potential pullback after a parabolic move since October. Premarket trading saw slight declines in SPY and QQQ ETFs. Key economic data releases are expected, and several companies reported earnings with mixed results. F5, Inc. saw a premarket surge, while other companies like GM and Whirlpool also moved on earnings news.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 12:25 pm

ITRM

Trading for ITRM was halted and then resumed at 7:25 AM ET, with updated quotation resumption times following the release of news.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 12:25 pm

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