Streetbeat News

Regulatory

CBOE

ICE

NDAQ

Fox Business Reporter Eleanor Terrett reports that the SEC is meeting with major exchanges including Nasdaq, CBOE, and NYSE to finalize comments on the 19B-4 forms submitted by issuers of Bitcoin (BTC) spot ETFs.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:58 pm

MS

SPY

Morgan Stanley CEO James Gorman suggests that the Federal Reserve might cut interest rates a few times in the current year. He believes that the economy is performing well and considers a recession to be unlikely.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:47 pm

F

GM

TSLA

General Motors (GM) is offering a $7,500 incentive on its electric vehicles (EVs) that are no longer eligible for a U.S. government tax credit due to new Treasury guidelines on battery sourcing. The Chevrolet Bolt remains eligible, while the Cadillac Lyriq and Chevy Blazer EV lost the credit. GM expects these models to regain eligibility in early 2024 after a sourcing change. Other affected vehicles include the Volkswagen ID.4, Nissan Leaf, some Tesla Model 3s, and Ford Mach-E. The number of EV models qualifying for U.S. tax credits dropped from 43 to 19 due to the new rules set by the 2022 Inflation Reduction Act.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:44 pm

SIDU

Sidus Space Inc (NASDAQ:SIDU) shares surged after receiving a Tier 1 remote sensing license from NOAA, allowing Panchromatic and Shortwave Infrared imaging with its upcoming LizzieSat satellites. The satellites will provide valuable data for various applications, including monitoring marine traffic and environmental conditions. LizzieSat is set to launch in March 2024 on SpaceX's Transporter-10 mission. SIDU's stock price jumped 59.79% to $11.14.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 3:17 pm

BLBD

Blue Bird Corporation (NASDAQ:BLBD) has delivered 23 electric school buses to Carter County Schools in Kentucky, funded by a $9 million grant from the EPA's Clean School Bus Program. The new Vision electric buses feature extended range, faster charging, and increased seating capacity. Blue Bird, a leader in electric and low-emission school buses, has over 1,500 electric buses in operation and is the only U.S.-owned school bus manufacturer in the U.S.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:14 pm

SPY

USO

The U.S. Energy Department has announced a solicitation for up to 3 million barrels of crude oil for delivery in April 2024, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:05 pm

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR) has received Australian GMP certification for its Colombian facilities from the TGA, allowing it to manufacture cannabis products for the Australian medical marijuana market. This certification is crucial for ensuring product quality and safety, and it represents a significant milestone for the company. Despite this positive development, CLVR shares traded slightly lower at $2.06 per share in the pre-market session on Wednesday.

Portfolio Pulse from Jelena Martinovic

January 03, 2024 | 3:04 pm

AMD

NVDA

Nvidia (NVDA) and AMD (AMD) stocks are trading lower due to the Netherlands' restrictions on exporting specific lithography systems to China, impacting chip production. Despite a positive market outlook for 2024 with anticipated interest rate cuts, there's skepticism about the future performance of major tech companies, including Nvidia and AMD. DA Davidson analyst Gil Luria initiated coverage on Nvidia with a Neutral rating and a price target of $410.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 2:50 pm

DSNKY

ESPR

Esperion Therapeutics, Inc. (NASDAQ:ESPR) shares dropped after announcing a $125 million amendment to its collaboration with Daiichi Sankyo Europe GmbH. The amendment includes a $100 million payment to Esperion in mid-January and an additional $25 million following EMA's decision on NILEMDO and NUSTENDI. The legal action in the U.S. will be dismissed, and DSE will control EMA regulatory communications for the drugs.

Portfolio Pulse from Nabaparna Bhattacharya

January 03, 2024 | 2:47 pm

USO

Reuters reports an OPEC statement affirming that cooperation and dialogue within OPEC+ will persist, benefiting producers, consumers, investors, and the global economy.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 2:43 pm