Streetbeat News

Regulatory

PIXY

ShiftPixy Inc (NASDAQ:PIXY) has regained compliance with Nasdaq listing requirements by maintaining a share price greater than $1 for 10 consecutive trading days. This follows a one-for-twenty-four reverse split approved by shareholders on Aug. 21 and implemented on Sept. 30. Despite a rough year with the stock down nearly 98% year-to-date, ShiftPixy shares were up 9.35% at $5.73 at the time of publication.

Portfolio Pulse from Adam Eckert

November 01, 2023 | 2:57 pm

BIL

IEF

TLT

The U.S. Treasury has released its quarterly refunding statement, indicating a lower privately-held net marketable borrowing of $776 billion in Q1 FY 2024, primarily due to higher receipts offset by higher outlays. The Treasury is offering $112 billion in Treasury securities to refund approximately $102.2 billion of privately held Treasury notes maturing on Nov. 15, 2023. This issuance will raise new cash from private investors of approximately $9.8 billion. The Treasury Committee recommended considering increased issuance in more liquid parts of the yield curve. This news is particularly relevant to investors in the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), the iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) and the SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL).

Portfolio Pulse from Surbhi Jain

November 01, 2023 | 2:55 pm

ABBV

ALDX

Aldeyra Therapeutics (ALDX) has entered into an agreement with AbbVie (ABBV) where ALDX will receive a $1M option fee and an upfront payment of $100M less option fees if ABBV chooses to exercise. ALDX could also be eligible to receive up to $300M in regulatory and commercial milestone payments, including a $100M payment upon FDA approval.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:54 pm

EIS

FXI

Chinese Foreign Minister Wang Yi has expressed China's support for convening an international peace conference to address the Palestinian issue and push it back to the 'Two-State Solution'.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:46 pm

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