Streetbeat News

Regulatory

RGS

NYSE Regulation is initiating delisting proceedings for Regis Corporation (NYSE:RGS) due to non-compliance with listing standards related to stockholders' equity and market capitalization. RGS has not been suspended and will continue trading on the NYSE while it considers requesting a review of the delisting decision.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:34 am

BIIB

SAGE

Biogen Inc. and Sage Therapeutics have announced that Zurzuvae (Zuranolone) CIV is now available by prescription in the United States for the treatment of postpartum depression in adults.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:32 am

TSLA

Tesla has filed a U.S. patent application (#20230402722) for a battery cell with a tabless electrode, which could potentially improve the efficiency and performance of its battery technology.

Portfolio Pulse from Charles Gross

December 14, 2023 | 11:11 am

TSLA

Ross Gerber, a Tesla investor, criticized the company for not making efforts to correct misleading media headlines due to the absence of a public relations department. On CNBC's 'Last Call,' Gerber highlighted Tesla's lack of response to media inquiries, particularly regarding reports of Tesla 'recalling' over 2 million vehicles. CNBC anchor Brian Sullivan noted that other companies like Ford or GM have PR teams that address misinformation, unlike Tesla. Tesla, which hasn't had a PR department since October 2020, relies on CEO Elon Musk and social media for communication. Musk has previously expressed his disdain for media queries, and Tesla's VP Rohan Patel has clarified that the term 'recall' is misused when referring to over-the-air software updates.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 10:49 am

EWQ

TSLA

VLKAF

According to Reuters citing ACEA, 65% of electric cars sold in France are eligible for the country's state bonus scheme. This incentive is expected to boost the electric vehicle market in France in 2024.

Portfolio Pulse from Charles Gross

December 14, 2023 | 10:11 am

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

AA

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