Streetbeat News

Regulatory

ADCT

ADC Therapeutics SA (NYSE:ADCT) has received a notice from the New York Stock Exchange (NYSE) for non-compliance with the continued listing minimum price criteria. The company failed to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:16 pm

BTI

EWU

MO

PM

The UK government plans to legislate a restriction on tobacco sales to future generations, as announced by King Charles. This could potentially impact tobacco companies' future revenues.

Portfolio Pulse from Charles Gross

November 07, 2023 | 11:41 am

GEO

GEO Group has lowered its Q4 2023 revenue outlook from $595M-$610M to $590M-$600M due to updated expectations regarding the U.S. Department of Homeland Security's Intensive Supervision and Appearance Program (ISAP). The company now assumes a flat to slightly down ISAP participant count for the rest of the year due to budgetary pressures faced by U.S. Immigration and Customs Enforcement (ICE) and uncertainty over the passage of federal appropriations bills for fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:11 am

TSLA

Tesla has been granted U.S. Patent #11806968 for durable glass for vehicles. This could potentially enhance the safety and durability of Tesla's vehicles, providing a competitive edge in the market.

Portfolio Pulse from Charles Gross

November 07, 2023 | 10:48 am

INTC

Intel Corp. is reportedly in the lead to receive billions of dollars in funding for secure defense-chip facilities, according to The Wall Street Journal. This could significantly boost Intel's manufacturing capabilities and strengthen its position in the semiconductor industry.

Portfolio Pulse from Charles Gross

November 07, 2023 | 9:41 am

BIDU

NVDA

Baidu Inc. (NASDAQ:BIDU) has reportedly switched from Nvidia Corporation (NASDAQ:NVDA) to Huawei for the supply of AI chips. The move is seen as a response to increasing U.S. restrictions on tech exports to China. The order, placed in August, included 1,600 Huawei Ascend 910B AI chips, worth around 450 million yuan ($61.83 million). This shift indicates Chinese tech firms adjusting to geopolitical pressures.

Portfolio Pulse from Benzinga Neuro

November 07, 2023 | 9:01 am

UBER

Uber Technologies, Inc. (NYSE:UBER) is expected to report Q3 earnings of 12 cents per share, a significant improvement from a loss of 61 cents per share a year ago. Revenue is projected to be $9.52 billion, up from $8.12 billion in the same period last year. The company recently settled with the New York State Department of Labor to ensure eligible drivers and couriers can receive unemployment benefits. Uber's stock closed at $48.14 on Monday, up 0.8%. Several analysts have given the stock a 'Buy' rating with varying price targets.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 7:40 am

EWG

Germany's industrial production for September fell by 1.4%, significantly more than the estimated 0.1% decrease. The previous month's figure was revised to a 0.1% decrease.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 7:02 am

TSLA

India is fast-tracking its efforts to welcome Tesla (NASDAQ:TSLA) into its market, with government departments working to grant essential approvals by January 2024. Tesla has presented plans to establish car and battery production bases in India, viewing the country as a potential hub for their global supply chain. Previously, Tesla's entry into India was halted due to high import duties, but officials are now encouraging the government to resolve these issues to expedite Tesla's manufacturing plans.

Portfolio Pulse from Shomik Sen Bhattacharjee

November 07, 2023 | 6:59 am

EWA

The Reserve Bank of Australia has decided to keep the interest rate at 4.35%, which matches the previous estimate, compared to the prior rate of 4.10%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:06 am