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Regulatory

DNN

GRDAF

Grounded Lithium Corp. (GLC) has entered into a strategic investment agreement with Denison Mines Corp (Denison), where Denison can earn up to a 75% interest in the Kindersley Lithium Project (KLP) by funding up to CAD$15.15M. The funds will advance the KLP, including a field pilot and other project expenditures. Denison will also become the KLP operator and has purchased a 5% gross overriding royalty on the KLP for CAD$800,000, which may reduce to 2% and be eliminated under certain conditions. The agreement includes three earn-in options, with Denison funding 100% of KLP expenditures during the earn-in period. The deal is subject to TSX Venture Exchange approval and GLC shareholder consent.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:05 pm

GS

Goldman Sachs CFO has indicated on a conference call that the company plans to stay flexible regarding capital return due to the uncertainty surrounding the proposed Basel III regulations.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:53 pm

AAPL

SPY

The U.S. Supreme Court has declined to hear an appeal by Epic Games in its antitrust case against Apple, effectively upholding lower court decisions. This development is a setback for Epic Games, which had challenged Apple's App Store policies, alleging they constitute monopolistic practices. The refusal to hear the case means that Apple's current App Store model, including its payment systems and commission structure, remains intact without further legal challenge from this case.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:36 pm

BA

Boeing Co (NYSE:BA) stock is trading lower due to additional quality inspections required for its 737 MAX jets after a cabin panel incident on an Alaska Airlines flight. Boeing plans to oversee work at Spirit AeroSystems and conduct checks at 50 other points. The FAA extended grounding orders for Boeing Max 9s, and United and Alaska Airlines canceled flights. Additionally, Wells Fargo downgraded Boeing from Overweight to Equal-Weight and lowered the price target from $280 to $225.

Portfolio Pulse from Adam Eckert

January 16, 2024 | 2:15 pm

KTOS

VLD

Kratos Defense & Security Solutions, Inc. (KTOS) has purchased a Velo3D Sapphire printer to enhance its technology development and supply chain efficiency. The printer will be used by Kratos SRE, a subsidiary of KTOS, to produce metal parts rapidly and cost-effectively, supporting the defense industry's evolving needs. Kratos SRE has previously used Velo3D's solutions through its Contract Manufacturer Network. Velo3D, Inc. (VLD) is recognized for its metal additive manufacturing technology, which is now STIG compliant, allowing connection to the DoD's SIPRNet. Both companies will attend the Military Additive Manufacturing Summit in Tampa, where Velo3D will present.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:11 pm

AZTR

Azitra, Inc. has been granted U.S. Patent No. 11,850,267 for a filaggrin-secreting strain of Staphylococcus epidermidis to treat ichthyosis vulgaris, a condition with no FDA-approved treatment affecting 1.3 million people in the U.S. This patent expands Azitra's IP for its precision dermatology platform, which includes metagenomics and engineered skin bacteria. The company now has 3 granted U.S. patents and several pending applications.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:10 pm

PSNL

Personalis, Inc. has announced that Medicare will cover its NeXT Dx Test, a genomic tumor profiling assay designed to guide cancer treatment. This coverage is expected to increase the test's accessibility to a broader patient population, potentially improving patient outcomes and supporting Personalis' revenue growth.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:07 pm

FTFT

The SEC has filed a civil lawsuit against Future Fintech Group CEO, Mr. Shanchun Huang, for alleged securities law violations including manipulative trading and failure to disclose ownership and transactions in company stock. Mr. Huang, represented by attorney Jacob Frenkel, has denied the allegations. The company has imposed restrictions on the CEO's stock trading and plans to provide training on appropriate trading practices. The Board claims the litigation has not impacted company operations and does not expect future impact, reaffirming its commitment to shareholder communication.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:05 pm

TPG

TPG Growth, part of TPG (NASDAQ:TPG), is set to invest up to $228 million in Sayari, a risk intelligence provider. This strategic majority investment will support Sayari's global expansion and the launch of a new AI-powered supply chain platform in 2024. Sayari has experienced rapid growth and is trusted by government agencies and large companies. The deal, which will see Sayari's founders and investors retain significant stakes, is expected to close in Q1 2024, subject to regulatory approvals. TPG's investment reflects its long-standing interest in information services and government technology sectors.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:04 pm

PROC

Procaps Group notified shareholders of incorrect online voting instructions for its General Meeting on January 22, 2024. A third party mistakenly stated that the Board recommended voting 'for' the proposals, which was not the case. The company is investigating and correcting the error.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:52 pm