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Regulatory

PTPI

Petros Pharmaceuticals has completed the initial cohort of its Phase 2 equivalent self-selection study. This marks a significant milestone in the company's clinical development efforts. The completion of this phase may lead to advancements in their product pipeline and potentially impact the company's future prospects and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:03 pm

GS

SPY

Goldman Sachs CEO David Solomon expressed in a CNBC interview that there is a reasonable possibility of interest rate cuts in the future. He also voiced concerns about the growing U.S. debt.

Portfolio Pulse from Charles Gross

January 17, 2024 | 1:44 pm

CENN

Cenntro Electric Group Limited (NASDAQ:CENN) is urging shareholders to vote in favor of a proposed Scheme to redomicile the company from Australia to the United States. A special meeting is scheduled for January 24, 2024. The Scheme involves Cenntro becoming a wholly owned subsidiary of a new U.S. company incorporated in Nevada. The Scheme Booklet, including an independent expert's report favoring the Scheme, has been distributed to shareholders. The board of directors unanimously recommends voting in favor of the Scheme, and a second court hearing is set for February 1, 2024, in Australia.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:37 pm

TSAT

Telesat (TSX:TSAT) and Mage Networks have signed an MOU for Telesat Lightspeed LEO satellite services. They will collaborate to integrate Telesat Lightspeed into Mage's service portfolio, aiming to expand broadband internet to remote Canadian communities. The Telesat Lightspeed Capacity Pool, supported by the Canadian government, offers reduced rates to service providers for community connectivity. Telesat Lightspeed will provide high-speed, low-latency broadband globally, with deployment expected in 2027.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:35 pm

CLIR

ClearSign Technologies has successfully started up a multi-burner heater in a California project, with independent source testing confirming that emissions levels are below the guaranteed threshold.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:33 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has updated its App Store policies to allow U.S. developers to use external payment platforms. Developers will pay Apple a 27% fee, reduced from the standard 30%, or 12% for those in the App Store Small Business Program. The policy change follows the Supreme Court's decision not to hear Apple's appeal in the Epic Games case, leading to the end of anti-steering rules. Epic Games' CEO Tim Sweeney criticizes the new policy as 'anticompetitive'.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 1:10 pm

VZ

Verizon Communications Inc. (VZ) disclosed a non-cash goodwill impairment charge of $5.8 billion in Q4 2023, leaving a goodwill balance of $1.7 billion for its Business reporting unit. This charge is due to secular declines, competitive and macroeconomic pressures in wireline revenue, and lower financial projections from a five-year strategic review.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:07 pm

ZVSA

ZyVersa Therapeutics, Inc., a clinical stage biopharmaceutical company, announced the publication of a peer-reviewed article in Acta Neuropathologica Communications. The article demonstrates that inflammasome activation is linked to an increased risk of brain metastasis in women with Triple-Negative Breast Cancer (TNBC).

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:59 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) is challenging the SEC's classification of tokens on its platform as securities in federal court. The SEC sued Coinbase in June, claiming it operated as an unregistered securities exchange and targeted its staking program. Coinbase argues that crypto assets are distinct from traditional securities and should not face the same regulations. The case's outcome could significantly impact the crypto industry, which the SEC has been scrutinizing. Coinbase's CEO remains committed to the U.S. market and suggests that a change in SEC leadership could help resolve the dispute.

Portfolio Pulse from Benzinga Neuro

January 17, 2024 | 12:55 pm

TSP

Trading for TSP has resumed at 7:25 AM ET after a temporary halt. The halt status update included news and resumption times for the stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:25 pm