Streetbeat News

Regulatory

FXI

China's central bank is taking steps to enhance the convenience for foreign investors to participate in the country's bond market, as reported by Reuters. This move could potentially increase foreign investment in Chinese bonds.

Portfolio Pulse from Charles Gross

January 05, 2024 | 12:20 pm

FXI

The People's Bank of China (PBOC) is reported by Reuters to be planning to use a diverse set of monetary policy tools to ensure that liquidity remains reasonable and sufficient. This move is aimed at stabilizing the financial system in China.

Portfolio Pulse from Charles Gross

January 05, 2024 | 12:19 pm

TLSA

Tiziana Life Sciences announced the filing of a new patent application for a combination therapy that includes its proprietary Anti-CD3 (Foralumab) and a GLP-1 receptor agonist. This therapy aims to further reduce obesity-associated inflammation.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:05 pm

DCPH

Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) announced that Nature Medicine published results from a ctDNA analysis of the INTRIGUE Phase 3 study of QINLOCK in GIST patients. The study focused on patients with mutations in KIT exon 11 and 17/18 who were previously treated with imatinib, showing substantial clinical benefit of QINLOCK.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 12:02 pm

MDT

Medtronic plc (NYSE:MDT) has received the CE Mark for its next-generation Micra AV2 and Micra VR2 leadless pacemakers. These devices are the smallest in the world, offer longer battery life, and are easier to program compared to previous models. The leadless design is associated with fewer complications than traditional pacemakers.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 11:47 am

YQ

17 Education & Technology Group Inc. has announced that it has regained compliance with Nasdaq's minimum bid price requirement. The company received a notification from Nasdaq stating that it has met the minimum bid price condition by maintaining a closing bid price of $1.00 per share or more for at least 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 10:28 am

FDX

INDA

SPY

UPS

India's competition watchdog is investigating DHL, FedEx, and UPS for alleged antitrust practices and price collusion. The inquiry, which began in October, focuses on potential violations of Indian antitrust laws.

Portfolio Pulse from Charles Gross

January 05, 2024 | 10:09 am

TSLA

Tesla Inc (NASDAQ:TSLA) is recalling over 1.6 million vehicles in China due to concerns about the misuse of its autosteer feature. The company will address the issue with a software update that reminds drivers to follow driving regulations. This follows a similar recall in the U.S. last month, which affected over 2 million vehicles.

Portfolio Pulse from Anan Ashraf

January 05, 2024 | 9:56 am

AAPL

Apple Inc.'s suppliers have spent $16 billion since 2018 to reduce reliance on Chinese manufacturing due to trade conflicts, COVID-19 disruptions, and energy issues. The diversification includes shifting production to India, Mexico, the U.S., and Vietnam. Despite these efforts, China remains a key production hub for iPhones, but Apple plans to increase iPhone production in India to over 50 million units annually within a few years. Chinese restrictions on Apple products are expanding, potentially affecting sales in China.

Portfolio Pulse from Ananya Gairola

January 05, 2024 | 8:53 am

ANTE

AirNet Technology has received a Deficiency Letter from Nasdaq due to non-compliance with listing rules, specifically negative stockholders' equity of approximately $25.3 million and failure to meet market value or net income criteria for continued listing. The letter does not immediately result in delisting from the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:36 am