Streetbeat News

Regulatory

GLDD

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) announced that its MARAD Title XI Financing application for the offshore wind rock installation vessel, the Acadia, has been updated to 'Completed', signaling progress towards final approval. The company has a strong relationship with MARAD and is advancing in the U.S. offshore wind market. The Acadia, being built by Philly Shipyard, Inc., is a U.S.-flagged Jones Act compliant vessel, and one of only four in the world with its capabilities. Despite some market turbulence, Great Lakes has secured multiple U.S. contracts and continues to bid on projects, supporting the Biden Administration's renewable energy goals.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:13 pm

HUDA

Hudson Acquisition I Corp (HUDA) received a notice from Nasdaq's Listing Qualifications Department for non-compliance with the minimum market value requirement.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:09 pm

GILD

The FDA has approved a label update for Yescarta, a CAR T-cell therapy by Kite, a Gilead Sciences subsidiary. The update includes overall survival data from the ZUMA-7 study, showing a 27.4% reduction in the risk of death and a 38% improvement in overall survival (OS) compared to the standard of care (SOC).

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:06 pm

TAK

Takeda has received approval from China's NMPA for LIVTENCITY (maribavir) to treat adults with post-transplant CMV refractory to prior therapies. LIVTENCITY is the first and only CMV-specific UL97 protein kinase inhibitor in China for this indication and was granted Breakthrough Therapy Designation by the CDE in 2021.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 9:01 pm

COIN

USDCUSD

France is encouraging crypto companies to establish operations within its borders by offering regulatory clarity. Circle has received conditional registration as a digital asset service provider from France's AMF, with the condition of obtaining a payment services provider license. Circle has appointed Coralie Billmann to lead its French operations. Coinbase Global Inc has been registered as a Virtual Asset Services Provider in France, allowing it to offer a range of crypto services. Both companies are positioning themselves ahead of the EU's MiCA legislation, which will be effective in 2024.

Portfolio Pulse from Khyathi Dalal

December 21, 2023 | 8:31 pm

USO

Oil prices dropped after Angola announced plans to leave OPEC, causing concerns about adherence to production quotas. Brent crude fell 1.1% to $78.80 a barrel, and West Texas Intermediate crude decreased by 1.2% to $73.29. The United States Oil Fund (USO) saw a 0.2% decline in response to the news. Angola's departure raises questions about future production levels and investment, particularly as the country has struggled to meet its quotas in the past.

Portfolio Pulse from Neil Dennis

December 21, 2023 | 8:27 pm

TNON

Tennon Medical's stock price has increased following the company's filing of a U.S. Patent Application for 'Systems For Sacroiliac (SI) Joint Stabilization'.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 8:21 pm

CLNN

Clene Inc.'s stock price has dropped following the FDA's decision that the Phase 2 biomarker NfL reduction findings do not support accelerated approval.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 8:12 pm

GM

General Motors has announced that two of its electric vehicles, the Cadillac Lyriq and Chevrolet Blazer EV, are expected to temporarily lose eligibility for the U.S. electric vehicle tax credit starting January 1, according to a company statement.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:24 pm

MSFT

Sam Altman, CEO of OpenAI, reflects on 2023 as a transformative year for AI and his role as a public figure. Despite a brief firing and rehiring incident at OpenAI, backed by Microsoft Corp (NASDAQ: MSFT), Altman remains CEO. OpenAI introduced a 'Preparedness Framework' to ensure company sustainability beyond Altman's leadership. Altman anticipates sharing significant progress in AI research and governance in 2024.

Portfolio Pulse from Vandana Singh

December 21, 2023 | 7:23 pm