Streetbeat News

Regulatory

LEXX

Lexaria Bioscience Corp has filed with the SEC for the resale of up to 1.6 million shares of common stock by the selling stockholder.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:18 pm

SONY

UMGNF

WMG

Sony Music, Universal Music Group, and Warner Music Group have formed the Music Industry Climate Collective (MICC) to address climate challenges in the music industry. The MICC will focus on developing guidance for measuring scope 3 greenhouse gas emissions and will collaborate with scientific experts to create sectoral guidance. The initiative will involve broader industry input and aims to reduce the music industry's carbon footprint. The American Association of Independent Music will advise on including smaller businesses.

Portfolio Pulse from Franca Quarneti

November 30, 2023 | 9:04 pm

TCNNF

A University of North Florida poll indicates strong support for a marijuana legalization initiative in Florida, with 70% of voters in favor. The initiative, financially backed by Trulieve Cannabis Corp. (OTCQX: TCNNF) with nearly $40 million, faces legal challenges from Attorney General Ashley Moody and opposition from Gov. Ron DeSantis. Despite this, the initiative has collected enough signatures for a 2024 ballot placement. Florida's legalization could generate significant sales tax revenue, estimated between $195.6 million and $431.3 million annually.

Portfolio Pulse from Maureen Meehan

November 30, 2023 | 8:57 pm

ENSC

Ensysce Biosciences, Inc. has filed a request with the SEC to withdraw its previously filed Registration Statement on Form S-3. The company had initially filed the statement for the resale of shares by selling securityholders, but no shares were sold under this registration. A reverse stock split reduced the number of shares covered, and a subsequent public offering increased the number of shares outstanding. The company repaid in full the convertible note and other amounts owed with cash, making the registration for resale unnecessary. Ensysce is requesting that the fees paid for the filing be credited for future use.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:42 pm

FUV

Arcimoto Inc (NASDAQ:FUV) stock is trading lower after a recent rally, with no company-specific news to justify the surge. The selloff may be due to a late filing notice from Nasdaq for its quarterly report and negative reports highlighting financial concerns, such as dwindling cash reserves. Retail traders' concerns about the market resurgence ending and profit-taking after the stock's significant appreciation could also be contributing factors. FUV shares are down 68% year-to-date but up 60% over the past week.

Portfolio Pulse from Adam Eckert

November 30, 2023 | 7:15 pm

BA

EWC

The Government of Canada has agreed to purchase up to 16 Boeing P-8A Poseidon aircraft, with deliveries starting in 2026. The deal is reported to be valued at $5.9 billion.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:38 pm

AAPL

GOOG

GOOGL

The U.K. Court of Appeal has overturned a previous ruling that supported Apple Inc's appeal, reinstating the Competition and Markets Authority's (CMA) investigation into mobile browsers and cloud gaming markets. This could impact Apple (AAPL) and Alphabet Inc (GOOG, GOOGL). The CMA's investigation, which Apple challenged, aims to protect consumers and promote competition. The investigation remains on hold pending a potential appeal to the Supreme Court. AAPL shares fell by 0.52% after the news.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 6:30 pm

SPY

U.S. Treasury Secretary Janet Yellen expressed her belief that a longer-run investment strategy will positively influence the public's optimism regarding the economic future.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:26 pm

SPY

U.S. Treasury Secretary Janet Yellen expressed confidence in achieving a 'soft-landing' for the U.S. economy, indicating that she does not foresee the need for further drastic monetary policy tightening by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:25 pm

SPY

U.S. Treasury Secretary Janet Yellen expressed that it would be beneficial to have lithium mining in the U.S. if done in an environmentally appropriate manner. She also noted that the labor market is at full employment and the economy continues to grow.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 6:24 pm