Streetbeat News

Regulatory

MBOT

Microbot Medical announced the successful completion of its Good Laboratory Practice (GLP) pivotal pre-clinical study, adhering to FDA-required standards using a porcine model. This marks a significant milestone for the company's development process.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 12:36 pm

AAPL

Apple Inc. (AAPL) faced pressure from the Indian government to mitigate the political fallout from iPhone hacking alerts sent to Indian journalists and opposition politicians. The government questioned Apple's threat algorithms and launched a probe into the security of Apple devices. Apple stood firm, defending its evidence-based warnings and emphasizing user privacy protection. The standoff reflects broader global tensions between tech companies and governments over influence and security.

Portfolio Pulse from Rounak Jain

December 28, 2023 | 12:24 pm

FXI

SPY

VGK

China's central bank has announced its intention to continue increasing financial support to enterprises and key groups to stabilize and expand employment. Additionally, the bank aims to promote a stable and healthy development of the real estate market and is committed to maintaining the stability of the Yuan.

Portfolio Pulse from Charles Gross

December 28, 2023 | 12:09 pm

MDWD

MediWound has received an additional $6.7M in non-dilutive funding from the US Department of Defense to develop NexoBrid, a non-surgical solution for treating burns in field-care settings for the US Army.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 12:04 pm

CMCSA

GOOGL

IAC

MSFT

NYT

TSLA

The New York Times Co (NYT) has filed a lawsuit against OpenAI and Microsoft Corp. (MSFT) for using copyrighted content without authorization. Chamath Palihapitiya and Gene Munster discussed the potential impact on AI companies, with Palihapitiya warning those without proprietary data. Apple is reportedly spending $50 million to license content for AI training, contacting publishers like Condé Nast and companies such as Comcast Corporation (CMCSA) and IAC Inc. (IAC). Munster believes the lawsuit could reach the Supreme Court but won't significantly slow AI development, predicting a bull market driven by AI in tech.

Portfolio Pulse from Shanthi Rexaline

December 28, 2023 | 11:47 am

AEP

American Electric Power Co Inc's (AEP) subsidiaries, Appalachian Power and Wheeling Power, filed a settlement with the Public Service Commission of West Virginia to manage costs and reduce customer impact. They agreed to lower their requested fuel deferral amount by $50 million and propose using West Virginia's securitization law to handle $1.9 billion in costs. The settlement, also signed by The West Virginia Energy Users Group and the West Virginia Coal Association, awaits PSC approval. AEP maintains its 2024 earnings growth guidance of 6%-7% and FFO/Debt target of 14%-15%. AEP's stock saw a slight increase of 0.10% to close at $80.81.

Portfolio Pulse from Lekha Gupta

December 28, 2023 | 11:44 am

CING

Cingulate Inc. received a notice from Nasdaq on December 26, 2023, for non-compliance with its independent director and committee requirements following the resignation of three board members.

Portfolio Pulse from Charles Gross

December 28, 2023 | 11:35 am

CING

Cingulate has received guidance from the FDA on its clinical program for CTX-1301, the company's lead investigational product for ADHD treatment. The company anticipates submitting the New Drug Application (NDA) for CTX-1301 in the first half of 2025, as per the recent 8-K filing.

Portfolio Pulse from Charles Gross

December 28, 2023 | 11:29 am

TSLA

India's Ahmedabad Mirror reports that negotiations with Tesla to establish a manufacturing plant in Gujarat are in the final stages. An announcement is expected during the Vibrant Summit.

Portfolio Pulse from Charles Gross

December 28, 2023 | 10:22 am

JG

Aurora Mobile has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share, as per a notification letter from the Nasdaq Stock Market dated December 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 9:02 am