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Regulatory

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RTX

SPY

The U.S. State Department has approved a potential sale of lightweight torpedoes to Germany, with an estimated cost of $300 million. This sale could involve defense contractors that provide such military equipment.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 8:05 pm

BCLI

Shares of BrainStorm Cell Therapeutics Inc (NASDAQ:BCLI) dropped 22.6% to $0.23 after the company discussed a Special Protocol Assessment (SPA) for a Phase 3b trial of NurOwn, its ALS treatment, with the FDA. The SPA is intended to align with FDA requirements for a future marketing application. BrainStorm will follow up with necessary documentation as advised by the FDA. The company views the SPA as a step to mitigate regulatory risks and remains dedicated to providing effective ALS treatments. The FDA's agreement on the SPA does not encompass all trial details but indicates support for key elements of the trial design. BCLI's 52-week trading range is from $27.85 to $54.60.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 7:57 pm

BNBUSD

Binance's BNB token did not participate in the recent crypto market surge due to the company pleading guilty to anti-money-laundering and sanctions violations, resulting in a $4.3 billion penalty. The Justice Department filed criminal charges against former CEO Changpeng Zhao. BNB's value increased by 1.5% over the past week but declined by 6.8% over the last 30 days and 18% over the past year. Binance's market share in spot and derivatives trading has decreased, and it experienced significant customer withdrawals in November 2023.

Portfolio Pulse from Khyathi Dalal

December 07, 2023 | 7:54 pm

TFX

Janus Henderson Group Plc has disclosed a 10.3% stake in Teleflex Incorporated as of November 30, 2023, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:53 pm

DISH

SATS

DISH Network Corp (NASDAQ:DISH) shares rose 8.6% after the FCC approved the transfer of control to EchoStar Corp (NASDAQ:SATS). The approval allows the recombination of DISH and EchoStar, which were once part of the same entity. The merger received support from independent directors and majority shareholders, with Charles W. Ergen retaining significant control. The FCC deemed the transfer to be in the public interest, effective immediately. DISH's 52-week trading range is $3.21 to $16.45.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 7:23 pm

MSFT

The FTC is continuing its legal battle against Microsoft's acquisition of Activision Blizzard, despite the deal's approval in the UK and finalization in October 2023. The FTC believes the judge set too high a standard for proving anticompetitive effects, while Microsoft's lawyer argues the FTC's case lacks evidence of any motive to limit game availability on other platforms.

Portfolio Pulse from Franca Quarneti

December 07, 2023 | 7:20 pm

BASFY

BASF SE (OTC:BASFY) is transforming into a customer-focused organization by adjusting business models to meet specific customer industry needs while maintaining integrated company benefits. The strategy will be applied to Battery Materials, Coatings, and Agricultural Solutions. New KPIs will emphasize EBITDA before special items and cash flows, with targeted margins for various divisions. BASF aims to reduce specific Scope 3.1 emissions by 15% by 2030 and achieve net-zero by 2050. BASFY shares rose 2.01% to $12.16.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 7:05 pm

EWW

FXI

SPY

U.S. Treasury Secretary Janet Yellen stated that the cooperation with Mexico on cross-border payments is not aimed at countering China's influence. The collaboration is focused on improving the payment systems for the benefit of both countries. No specific U.S.-listed companies or ETFs were targeted in the cooperation, and the statement was not related to any competitive stance against China.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 7:03 pm

EWW

SPY

U.S. Treasury Secretary Janet Yellen discussed with Mexican financial teams the possibility of more deeply integrating cross-border payment systems between the U.S. and Mexico. This could enhance financial transactions and economic cooperation.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:06 pm

EWW

SPY

U.S. Treasury Secretary Janet Yellen has emphasized the significance of agreements that address national security risks stemming from foreign investments in key technologies, critical infrastructure, and sensitive data. The statement underscores the government's focus on safeguarding these areas from potential threats.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 6:05 pm