Streetbeat News

Regulatory

AAPL

AMZN

GOOGL

MSFT

MU

NVDA

TSM

Donald Trump criticized Taiwan Semiconductor Manufacturing Company (TSMC) on the Joe Rogan podcast, accusing Taiwan of undermining the U.S. chip industry. He pledged to impose tariffs on Taiwanese chips if elected, impacting TSMC, a major supplier for companies like Nvidia and Apple. TSMC shares fell 4.3% following his remarks. Trump also criticized the U.S. CHIPS Act and foreign companies using U.S. funds for chip plants. Analysts warn a Trump victory could hurt TSMC, and tariffs could complicate the chip supply chain.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 3:47 pm

ATLX

Atlas Lithium shares rose after receiving an operational permit for its Neves Project in Brazil from the Minas Gerais government.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:43 pm

COIN

Coinbase CEO Brian Armstrong criticized the SEC's inconsistent stance on crypto regulation and called for the next SEC chair to apologize for the agency's actions. Armstrong also endorsed pro-crypto candidates for the Senate, highlighting the political dimension of crypto regulation.

Portfolio Pulse from Murtuza Merchant

October 29, 2024 | 2:50 pm

ICCM

IceCure Medical shares rose following the announcement of significant public comments from key stakeholders before the FDA panel review for ProSens® cryoablation in early-stage low-risk breast cancer.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:36 pm

AMD

INTC

NVDA

QCOM

QQQ

SPY

Intel is investing $300 million to expand its chip packaging and testing facility in Chengdu, China, despite cybersecurity concerns. This move strengthens Intel's ties with China, its largest market, and aims to enhance supply chain efficiency. The expansion comes amid challenges such as a decline in server market share and strategic considerations like potential mergers and acquisitions.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 2:14 pm

CME

CME Group has received approval from the National Futures Association (NFA) to establish a Futures Commission Merchant (FCM). This move is aimed at enhancing risk management and expanding client services.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:06 pm

PLMJ

Tactical Resources Corp. and Plum Acquisition Corp. III have filed a Form F-4 Registration Statement with the SEC for their proposed business combination. This merger aims to create a new publicly traded entity, subject to shareholder and SEC approval.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:48 pm

LLY

Eli Lilly Canada has successfully completed negotiations with the pan-Canadian Pharmaceutical Alliance for the expanded indication of Verzenio in early breast cancer treatment. This follows a positive recommendation from Canada's Drug Agency.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:33 pm

POCI

Precision Optics' customer has received FDA 510(k) clearance, which could positively impact Precision Optics due to potential increased demand for their products.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:12 pm

TSLA

The U.S. has announced a ban on investments in China's semiconductor and AI sectors, potentially affecting Tesla's operations in the region. This move aims to prevent American capital from enhancing China's military capabilities. The ban could impact Tesla's AI plans, including a data center in China, and delay the launch of its Full Self-Driving technology.

Portfolio Pulse from Pooja Rajkumari

October 29, 2024 | 1:10 pm