Streetbeat News

Regulatory

ABOS

Acumen Pharmaceuticals, Inc. (NASDAQ:ABOS) has secured a $50.0 million credit facility with K2 HealthVentures. The facility includes a first tranche of $30.0 million, already funded, and a second tranche of up to $20.0 million available upon request and lender approval. The term loan matures on November 1, 2027, with a possible extension to 2028 upon meeting certain milestones. Details will be disclosed in the upcoming quarterly report.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 12:08 pm

UEC

Uranium Energy Corp has filed an initial assessment technical report summary for its wholly-owned Alto Paraná Titanium Project in Paraguay, indicating progress in the development of the project.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:41 am

SY

So-Young's subsidiary, Wuhan Miracle, has submitted application documents for an IPO on the Beijing Stock Exchange in China. This move could indicate an expansion and growth phase for Wuhan Miracle, potentially impacting So-Young's financials and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:33 am

TSLA

EG Group, a UK-based petrol station operator, is set to expand its EV charging network in Europe by acquiring ultra-fast charging units from Tesla Inc. (NASDAQ:TSLA). The expansion aims to increase EG Group's chargers from 600 to over 20,000, supporting the UK's net-zero emissions goal by 2050. Tesla's chargers will be part of an open network, accessible to all drivers, and Tesla is also making its fast-charging hardware available for purchase to other companies in the EV infrastructure sector.

Portfolio Pulse from Benzinga Neuro

November 13, 2023 | 11:02 am

AUPH

Aurinia Pharmaceuticals Inc. announced that its partner Otsuka Pharmaceutical filed an NDA in Japan for LUPKYNIS (voclosporin) for lupus nephritis treatment. The FDA approved voclosporin in January 2021 for LN in the U.S. Under a collaboration agreement, Aurinia will receive $10 million upon Japan approval and royalties on sales.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:01 am

BP

EIX

SHEL

BP PLC, Shell PLC, and Edison International have sought assistance from the U.S.-EU Task Force on Energy Security in a dispute with Venture Global LNG regarding undelivered LNG cargoes. Shell and BP have expressed concerns over Venture Global's reliability and the potential loss of trust in U.S. LNG suppliers. Venture Global has been accused of prioritizing a new plant over completing repairs on the existing one. U.S. and EU officials view the matter as a contractual dispute. Shell and BP recently reported Q3 financial results, with Shell's earnings per ADS above consensus but revenue below, and BP's sales and underlying RC profit per ADS both missing consensus estimates.

Portfolio Pulse from Lekha Gupta

November 13, 2023 | 10:52 am

FXI

China's new loans for October amounted to 738.4 billion yuan, surpassing the estimated 665.0 billion yuan and showing a decrease from the prior figure of 2,310.0 billion yuan.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 10:49 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly preparing to allow sideloading of apps on iOS devices in response to the EU's Digital Markets Act. The iOS 17.2 beta code reveals a new 'Managed App Distribution' framework, which could enable third-party app installations and potentially allow developers to create their own app stores. This marks a significant policy shift for Apple, which has historically opposed sideloading. The company has until March 2024 to comply with the DMA but may appeal against the inclusion of the App Store in the legislation.

Portfolio Pulse from Benzinga Neuro

November 13, 2023 | 10:28 am

BA

China is reportedly considering lifting its commercial ban on Boeing Co.'s 737 Max, potentially announcing a deal during the APEC Summit. Relations between China and the U.S. are improving, which may lead to a breakthrough in sales for Boeing. The 737 Max, a significant revenue source for Boeing, has been grounded in China since 2019 following two fatal crashes. A deal would be pivotal for Boeing, especially as the travel industry recovers and aircraft demand increases.

Portfolio Pulse from Anan Ashraf

November 13, 2023 | 3:43 am

BLK

BTCUSD

DOGEUSD

ETHUSD

BlackRock Inc (NASDAQ:BLK) is planning to create an ETF focused on Ethereum (ETH), which has led to a surge in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The global crypto market cap increased by 3.03% in the past 24 hours. U.S. stock futures dipped slightly after Moody's revised the U.S. credit rating outlook to negative. Analyst Michael Van de Poppe sees a bull cycle for cryptocurrencies, while Cheds notes a bullish signal for Bitcoin. Solana (SOL) surpassed $54, indicating decoupling from other assets.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 2:54 am