Streetbeat News

Regulatory

GOOG

GOOGL

Google Maps, a service by Alphabet Inc. (GOOG, GOOGL), is enhancing user data privacy with updates to its Location History and new control features. The updates include saving data on users' devices, setting auto-delete for data older than three months, and allowing users to delete activity related to a specific place. These changes, rolling out on Android and iOS, underscore Google's commitment to user privacy without selling data to advertisers.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 8:23 am

ACAD

Acadia Pharmaceuticals Inc. received a favorable Claim Construction Order from the U.S. District Court for the District of Delaware regarding its '721 formulation patent for NUPLAZID®, a drug for Parkinson's Disease Psychosis. The Court ruled in favor of Acadia on all disputed claim construction points, affirming the strength of the patent. Consequently, the scheduled Markman hearing has been cancelled, with the trial set for December 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:20 am

Alcoa Corporation (NYSE:AA) has received approval from the Western Australian Government to continue bauxite mining and alumina refining. The approval includes Alcoa's 2023-2027 Mining and Management Program for the Huntly and Willowdale mines. Additionally, the government granted an exemption for Alcoa to continue operations during any separate environmental impact assessments by the WA Environmental Protection Authority, expected by year end.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:16 am

MDT

The FDA has approved Medtronic's PulseSelect Pulsed Field Ablation System for treating paroxysmal and persistent atrial fibrillation. This marks the first PFA technology to receive FDA approval, following its recent CE Mark in Europe in November.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 6:38 am

ADBE

COST

JBL

LEN

U.S. stocks surged after the Federal Reserve maintained interest rates and projected a gradual reduction by the end of 2024. The Dow Jones jumped over 500 points, and the S&P 500 and Nasdaq also closed higher. Adobe Inc. reported strong Q4 earnings but a weak full-year sales forecast for 2024. Investors are looking forward to earnings from Lennar Corporation, Costco Wholesale Corporation, and Jabil Inc. The CNN Money Fear and Greed index indicated increased market greed.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 6:37 am

MATIC

Vitalik Buterin, Ethereum's co-founder, has proposed changes that could affect layer-2 networks by reintegrating certain functionalities back into the Ethereum main chain. This could disrupt layer-2 projects like Polygon, Matter Labs, and Scroll, which have adapted to the previous computational model. Buterin's 'enshrined zkEVM' concept, combining zero-knowledge cryptography with the Ethereum Virtual Machine, aims to enhance the Ethereum network's security and efficiency.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 6:36 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) has updated its policy to require a court order before disclosing customer push notification details to law enforcement, a move aimed at enhancing user data privacy. This change follows reports that Apple and Alphabet Inc. (GOOG, GOOGL) had previously complied with government requests for such data without court orders. Senator Ron Wyden has raised concerns about foreign governments accessing personal data, prompting Apple to improve its transparency reporting. Google already has a similar policy in place.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:17 am

BTC-USD

COIN

DOGE-USD

SHIB-USD

SOL-USD

Solana's meme coin BONK surged 42% in 24 hours, approaching its all-time high. Coinbase's announcement of BONK's inclusion in their listing roadmap contributed to the rise. The market's positive reaction to the Federal Reserve's interest rate decision and a broader crypto market recovery, with Bitcoin gaining over 5%, provided a favorable environment for cryptocurrencies, including meme tokens like BONK, DOGE, and SHIB.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 5:52 am

BTCUSD

Following the Federal Reserve's decision to maintain interest rates, over $160 million in cryptocurrency futures were liquidated. The Fed held the benchmark overnight interest rate steady, which led to a significant number of liquidations in the crypto market, particularly affecting Bitcoin short sellers with over $33 million in BTC shorts liquidated. Bitcoin's price recovered, breaching the $43,000 mark, and its social media presence increased significantly.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 5:23 am

TSLA

Tesla Inc (NASDAQ:TSLA) announced that the Model 3 RWD and Long Range versions will not be eligible for the federal EV tax credit starting next year, while the Model 3 Performance and all Model Y versions remain eligible. The Model Y RWD will become Tesla's cheapest offering, starting at $36,490 after the tax credit. This change follows new guidance aimed at reducing Chinese content in batteries for EV tax credits. Tesla has been cutting prices on its vehicles in the U.S. since the start of 2023.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 4:52 am