Streetbeat News

Regulatory

TLRY

Tilray, Inc. has entered into an Assignment and Assumption Agreement with Double Diamond Holdings on January 9, as disclosed in their 8-K filing.

Portfolio Pulse from Charles Gross

January 10, 2024 | 11:20 am

LMT

Lockheed Martin Corporation (NYSE:LMT) and SpaceX are facing development challenges, causing NASA to delay its Artemis moon program to 2026. The first astronaut lunar landing in 50 years is now scheduled for September 2026, a year later than planned. The delays are due to issues with Orion's heat shield, spacecraft batteries, and electrical system. SpaceX still has to complete a list of tasks, including demonstrating the ability to dock and refuel with 'tanker' Starships in orbit. LMT shares are trading higher by 0.35% to $457.90 in premarket.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 11:12 am

LODE

Comstock Mining Inc. has received a new Class II Air Quality Operating Permit from the Nevada Division of Environmental Protection for its solar panel recycling facility. This permit is a significant step in the company's expansion into the solar panel recycling business, which is expected to enhance its environmental responsibility profile and potentially its financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:03 am

GSK

GSK plc (NYSE:GSK) announced that Nucala, its treatment for severe eosinophilic asthma, has been approved by the China National Medical Products Administration for use in adults and adolescents aged 12 and older. This marks the first approval in China for an anti-Interleukin-5 (IL-5) therapy for this patient group.

Portfolio Pulse from Charles Gross

January 10, 2024 | 9:57 am

META

SNAP

A federal judge has temporarily blocked an Ohio law requiring parental consent for minors to use social media apps. The law, set to be enforced on Jan. 15, faced opposition from NetChoice, representing companies like TikTok, Snap Inc. (SNAP), and Meta Platforms Inc. (META). The judge cited free speech concerns and the law's broad scope. NetChoice has previously won against similar laws in other states. The law was part of an effort to protect children's mental health.

Portfolio Pulse from Ananya Gairola

January 10, 2024 | 8:59 am

ALVO

STADA and Alvotech have received European Commission marketing authorization for Uzpruvo (AVT04), the first ustekinumab biosimilar to Stelara, in the European Economic Area. The authorization allows for market entry post-July 2024, after the expiry of Stelara's European Supplementary Protection Certificate.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:36 am

AAPL

Apple Inc has removed several global cryptocurrency exchanges, including Binance, Kucoin, and OKX, from its App Store in India. This action follows a warning from India's finance ministry for non-compliance with anti-money laundering regulations. The exchanges are accused of unlawful operations due to non-adherence to local tax laws. While these apps are still available on Google's Play Store and their websites remain accessible in India, Apple's move reflects compliance with the government's crackdown on digital asset service providers.

Portfolio Pulse from Arpit Nayak

January 10, 2024 | 7:38 am

GM

HMC

Honda Motor Co's CEO Toshihiro Mibe announced a delay in the deployment of self-driving cars in central Tokyo, pushing the expected launch from 2026 to the late 2020s. This delay affects the joint venture with General Motors Co and its autonomous vehicle unit Cruise, which had planned to deploy Cruise Origin AVs without manual controls in Tokyo by early 2026. The delay follows a suspension of Cruise's autonomous vehicle operations in San Francisco by the California DMV over safety concerns, leading to a temporary pause in Origin AV production.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 7:31 am

AULT

Ault Alliance has withdrawn certain proposals from its Annual Meeting of Stockholders and lowered the quorum percentage needed to conduct business. The meeting was adjourned from December 29, 2023, to January 12, 2024, due to the lack of quorum.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:49 am

BTCUSD

The SEC's Twitter account was compromised, leading to a false tweet about the approval of Bitcoin ETFs, which caused a temporary drop in Bitcoin's price. SEC Commissioner Gary Gensler confirmed the breach. A digital artist immortalized Gensler's clarifying tweet on the Bitcoin blockchain. Bitcoin's functionality has expanded with the Taproot upgrade, allowing for unique data to be encoded in transactions, similar to NFTs on Ethereum.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 5:43 am