Streetbeat News

Regulatory

BMY

The US FDA has accepted Bristol Myers Squibb's sBLA for Opdivo in combination with cisplatin-based chemotherapy for first-line treatment of unresectable or metastatic urothelial carcinoma. The application has been granted Priority Review with a PDUFA goal date of April 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 12:00 pm

KODK

Eastman Kodak Company has been granted a U.S. patent (#11838480) for an electrophotographic printing system designed to reduce burn-in artifacts through lateral translations. This innovation could enhance the quality of printed images and potentially improve Kodak's competitive edge in the printing technology market.

Portfolio Pulse from Charles Gross

December 05, 2023 | 11:47 am

IMGN

The FDA has accepted ImmunoGen, Inc.'s supplemental Biologics License Application (sBLA) for ELAHERE for platinum-resistant ovarian cancer and granted it Priority Review status. The PDUFA action date is set for April 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 11:31 am

TSLA

Tesla has been granted a U.S. patent numbered 11837523 for an inverter. This patent could signify advancements in Tesla's electric vehicle technology, potentially improving efficiency and performance of their EVs.

Portfolio Pulse from Charles Gross

December 05, 2023 | 11:24 am

AAPL

INDA

Apple has communicated to the Indian government that the proposed rule for a universal phone charger port could impact its local production targets. The company has requested that existing iPhone models be exempt from the new rule or for an extension of the deadline to comply. This information comes from documents cited by Reuters.

Portfolio Pulse from Charles Gross

December 05, 2023 | 10:54 am

BLK

BlackRock Inc. (NYSE:BLK) has received $100,000 in seed funding for a proposed spot Bitcoin ETF, as per an SEC filing. The investment, made in October, involved the purchase of 4,000 shares at $25 each by an anonymous investor. The fund, named 'iShares Bitcoin Trust,' will directly invest in Bitcoin rather than Bitcoin futures. The SEC is anticipated to approve spot Bitcoin ETFs in early 2024, with Bloomberg analysts estimating a 90% chance of approval by January 2024. Bitcoin's price recently surpassed $40,000, influenced by expectations of the SEC's approval of a Bitcoin Spot ETF.

Portfolio Pulse from Navdeep Yadav

December 05, 2023 | 9:47 am

META

Meta Platforms Inc (NASDAQ:META) is discontinuing the cross-app chatting feature between Instagram and Facebook Messenger, reversing its 2020 decision to integrate the two services. The change is expected to take effect by mid-December 2023. While Meta has not provided a specific reason for the disconnection, it is speculated that the move could be in response to the Digital Markets Act (DMA) in Europe, which requires large companies to ensure messaging platform interoperability. Meta's WhatsApp is already adapting to the DMA with a new 'Third-Party Chats' feature. The company has also been scaling back Messenger, having lost SMS/MMS capabilities on Android and shut down Messenger Lite.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 7:28 am

NEPT

Neptune Wellness Solutions has received a delisting notification from Nasdaq. The company plans to appeal the decision. The news could impact investor confidence and the company's ability to raise capital.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:54 am

AAPL

A check signed by Apple Inc co-founder Steve Jobs in 1976 is expected to fetch over $20,000 at auction. The check, which references the 'Apple Computer Company,' is a rare collectible as Jobs was known for rarely giving autographs. In the past, items signed by Jobs have sold for high amounts, with a letter declining an autograph request selling for $479,939 in 2021. The auction for the check is currently active with bids exceeding $22,000. Radio Shack, mentioned in the check's history, filed for bankruptcy in 2015.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 6:13 am

EWA

Australia's current account for Q3 reported a deficit of 0.2 billion, contrasting with the estimated surplus of 3.1 billion and the revised prior surplus of 7.8 billion.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:57 am