Streetbeat News

Regulatory

META

Meta Platforms Inc. (NASDAQ:META) has confirmed that images shared with Meta AI, including those from Ray-Ban Meta smart glasses, can be used for AI training. Users cannot opt out of this, except by not using Meta's AI features. This raises privacy concerns, especially after Meta's $1.4 billion settlement in Texas over facial recognition software. Despite these issues, Meta's advancements in AI and VR are expected to drive growth.

Portfolio Pulse from Ananya Gairola

October 03, 2024 | 6:22 am

OCX

Oncocyte has announced the adoption of its GraftAssure research assay by leading U.S. and German transplant centers. The company has also submitted a Q-Sub to the FDA, marking progress in its clinical product development.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 6:22 am

GOOG

GOOGL

Google has proposed a settlement in an Indian antitrust case related to its contracts with smart TV manufacturers, which were found to potentially violate competition laws. This is the first use of a new settlement scheme in India's competition law, offering a penalty reduction for companies involved in anti-competitive activities.

Portfolio Pulse from Nivedita Hazra

October 03, 2024 | 5:56 am

XRPUSD

The SEC has appealed a 2023 ruling in its legal battle against Ripple Labs, which had dismissed broader claims about XRP sales. The appeal aims to overturn a decision that deemed XRP sales to retail clients as legal. Ripple's executives criticized the SEC's move, calling it an embarrassment. The appeal coincides with Bitwise Asset Management's filing for the first-ever XRP ETF in the U.S. XRP's price dropped over 10% following the news.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 5:42 am

BTCUSD

Investigative journalist Zeke Faux criticizes the pro-cryptocurrency stance of presidential nominees Donald Trump and Kamala Harris, suggesting that the appeal of cryptocurrencies is overstated. Faux argues that the number of 'Bitcoin voters' is smaller than perceived, despite the political focus on this demographic. Analysts predict the presidential election could be a catalyst for the cryptocurrency market.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 4:43 am

IMCC

Spain's Ministry of Health has released a draft royal decree for public consultation, outlining regulations for prescribing cannabis-based medications. This follows a delay due to a government change. Meanwhile, IM Cannabis Corp. reported a 50% revenue increase in Germany, attributed to partial cannabis legalization.

Portfolio Pulse from Jelena Martinovic

October 03, 2024 | 3:18 am

TCNNF

Trulieve Cannabis Corp. has filed a defamation lawsuit against the Florida GOP, accusing them of misleading voters with a TV ad about cannabis legalization. The ad suggests that only large companies like Trulieve would benefit from the legalization, which Trulieve claims is false. The lawsuit aims to correct the narrative and seek damages.

Portfolio Pulse from Maureen Meehan

October 03, 2024 | 2:51 am

BTC-USD

Former President Donald Trump has reiterated his promise to commute the sentence of Ross Ulbricht, the creator of the Silk Road darknet marketplace, if re-elected. Ulbricht is serving a double life sentence for his role in the illegal drug trade facilitated by Bitcoin transactions. Trump's statement is seen as an effort to gain support from Libertarian voters.

Portfolio Pulse from Aniket Verma

October 03, 2024 | 1:37 am

IMRN

Trading for IMRN was halted at 7:05:25 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released, which could impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:05 pm

MGRM

Monogram Technologies has received an Additional Information Request (AIR) from the FDA regarding its 510(K) premarket filing for the mBôs TKA System. The company has 180 days to respond, or the application will be considered withdrawn. Monogram is also pursuing submissions with OUS clinical data.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 10:04 pm