Streetbeat News

Regulatory

ACB

CURLF

IMCC

SPRC

TKUNF

Israel's cannabis industry is growing, with increased medical cannabis prescriptions post-Gaza war. ICD Pharma, Tikun Olam Cannbit (TKUNF), and Syqe Medical are key players, with Syqe set for a $650 million acquisition by Philip Morris. IM Cannabis Corp. (IMCC) was the first Israeli cannabis company on NASDAQ. Curaleaf Holdings (CURLF) and Aurora Cannabis (ACB) are North American companies involved in Israel's market. SciSparc Ltd. (SPRC) plans to merge with an unnamed vehicle importer, expecting the importer to hold 80% of the combined entity post-merger and financing round.

Portfolio Pulse from Jelena Martinovic

November 22, 2023 | 3:18 pm

USO

Venezuela's Deputy Oil Minister Erick Perez announced that the country is currently producing 850,000 barrels of oil per day, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:17 pm

MDGS

Medigus Ltd. (NASDAQ:MDGS), a technology company, announced that its subsidiary, Charging Robotics Ltd., received approval for funding from the Israeli Innovation Authority for a pilot project on wireless EV charging in automated parking systems. The project, in cooperation with Parkomot Ltd., aligns with the Israeli Ministry of Energy's goals for EV market adoption. The total budget is approximately $445,000, with 50% financed by the Israel Innovation Authority.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 3:14 pm

EIS

Israel and Hamas have reached an agreement to release around 50 hostages in exchange for 150 Palestinian prisoners, with a four-day ceasefire and potential for further releases. The deal includes pauses in fighting and drone flights. U.S. President Biden and Secretary of State Blinken welcomed the deal, emphasizing continued efforts for the release of all hostages. The UN also supports the agreement. Israeli stocks rallied, with the Tel Aviv 125 index up 1.8% and the iShares MSCI Israel ETF (EIS) closing 0.3% higher.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 3:06 pm

OPAL

Opal Fuels has decided to delay the completion of pending ITC sales transactions, citing the need for clarification on certain issues. As a result of this delay, the company is removing the anticipated ITC proceeds from its fiscal year adjusted EBITDA guidance, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:55 pm

BNBUSD

Changpeng Zhao, former CEO of Binance, shared his personal reflections and future outlook amidst legal issues. Binance has pleaded guilty to federal charges and agreed to a $4 billion settlement with the U.S. Justice Department. Zhao admitted to not maintaining an effective anti-money laundering program and other breaches. He expressed pride in his team and reassured them of Binance's stability, hinting at future structural changes and asking for support for the new CEO, Richard Teng.

Portfolio Pulse from Murtuza Merchant

November 22, 2023 | 2:44 pm

USO

OPEC has postponed its summit due to disagreements among its African member nations regarding the assessment of oil output. The organization is facing challenges in reaching a consensus on production levels, which is crucial for global oil supply and pricing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:31 pm

PROK

ProKidney Corp has filed with the SEC for a mixed shelf offering of up to $500 million. This move allows the company to sell various types of securities to the public up to the total value of $500 million, providing flexibility for future financing needs.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:26 pm

EWG

INTC

TSM

A German government source has expressed the expectation that commitments made to Intel and TSMC will be honored. This statement underscores the importance of the agreements with these major semiconductor companies for Germany's tech and manufacturing sectors.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:59 pm

FSR

Fisker Inc, in a recent SEC filing, has indicated that it expects to continue incurring operating losses for the foreseeable future. This statement suggests that the company is not yet at a stage where it can generate a profit from its operations.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 1:50 pm