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Regulatory

META

VGK

The European Data Protection Board (EDPB) has adopted a decision to ban Meta Platforms Inc., the owner of Facebook and Instagram, from using personal data for targeted advertising across the European Economic Area. The decision is binding and will impact Meta's advertising model in the region.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:18 pm

REE

REE Automotive Ltd. (NASDAQ:REE) has regained compliance with the Nasdaq minimum bid price requirement. The company maintained a closing bid price at or greater than $1.00 per ordinary share for the last 10 consecutive business days from October 18, 2023 to October 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:08 pm

FXI

SPY

VGK

The US, China, and 26 other nations have agreed to cooperate over AI development, according to Financial Times. This could potentially impact the global tech industry and the stocks of companies involved in AI.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:04 pm

SPY

The ISM Manufacturing Prices for October came in at 45.1, slightly above the estimated 45.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:02 pm

SPY

The USA ISM Manufacturing PMI for October came in at 46.7, lower than the estimated 49. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:02 pm

ALPP

Alpine 4 Holdings, Inc. (NASDAQ:ALPP) announced that its subsidiaries, Vayu Aerospace Corporation and Global Autonomous Corporation, have been approved by the Dubai Civil Aviation Authority to advance to the next phase of the BVLOS (Beyond Visual Line of Sight) certification process. The certification is a critical step for unmanned aircraft operations. The companies will conduct tests between November 13th and November 27th, showcasing the advanced capabilities of Vayu's G-1 unmanned aerial vehicle.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:47 pm

SPY

The S&P Global US Manufacturing PMI for October was reported at 50, in line with estimates, and slightly higher than the previous month's figure of 49.8.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:45 pm

APD

FCEL

HDRO

HJEN

HYDR

PLUG

The hydrogen industry is awaiting a key decision from the Treasury on how subsidies should be regulated, which could be a make-or-break moment for the sector. The Inflation Reduction Act of 2022 authorized a program called 45V, which allows a tax credit for hydrogen producers if the hydrogen is generated from emission-free sources. However, only 11 out of 115 hydrogen projects announced by the Biden administration had secured capital commitments by August of this year. The Treasury is yet to issue guidance on how to measure hydrogen emissions. Companies like Plug Power, Air Products, BP, Bloom Energy, and FuelCell Energy, as well as ETFs like Global X Hydrogen ETF, Defiance Next Gen H2 ETF, and Direxion Hydrogen ETF, could be affected by the Treasury's decision.

Portfolio Pulse from Natan Ponieman

November 01, 2023 | 1:43 pm

SPY

Senator Johnson has expressed concern over Senator Schumer's potential plan to couple spending bills together, calling it irresponsible due to the lack of accountability for the money spent. The news was reported by Fox reporter Chad Pergram.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:42 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower due to concerns about China's economic recovery and fresh U.S. semiconductor technology sanctions. However, Alibaba co-founder Joe Tsai highlighted the significant role of Alibaba Cloud in the operations of Chinese tech firms and the country's AI development. Alibaba Cloud unveiled Tongyi Qianwen 2.0, the latest version of its AI large language model.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 1:29 pm