Streetbeat News

Regulatory

GOOG

OKLO

Oklo Inc's CEO Jacob DeWitte highlights the growing demand for nuclear power driven by AI expansion, citing Google's recent nuclear deal as just the beginning. Oklo plans to bring its first reactor online by 2027 and has secured a 500MW agreement with Equinox. The company is backed by OpenAI's Sam Altman and went public through a SPAC merger.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 7:51 pm

TSLA

Tesla has unveiled its vision for autonomous vehicles, including a 'Robotaxi' and a 'Robovan', during its Robotaxi Day. The company has filed trademarks for 'Robotaxi' and 'Robobus', indicating potential names for these vehicles. Tesla aims to produce the robotaxi by 2027, but faces challenges with production timelines, costs, and regulatory hurdles.

Portfolio Pulse from Chris Katje

October 15, 2024 | 7:07 pm

MSFT

Microsoft has settled an antitrust lawsuit filed by gamers over its $69 billion acquisition of Activision Blizzard. The lawsuit, which was dismissed with prejudice, raised concerns about potential monopolistic effects on the video game industry. The settlement details remain undisclosed. The acquisition has led to changes in Microsoft's Xbox Game Pass, including price hikes and restructuring, which have drawn criticism from the FTC and gamers.

Portfolio Pulse from Franca Quarneti

October 15, 2024 | 6:34 pm

DJT

SPY

In a Bloomberg interview, former President Trump expressed his desire for increased legal immigration into the United States. He emphasized the importance of legal processes for immigrants entering the country.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:44 pm

SNY

Sanofi is negotiating with Clayton Dubilier & Rice (CD&R) to sell a 50% stake in its consumer healthcare business, Opella, for $16.4 billion. The French government may block the sale due to concerns over employment and national healthcare interests. The deal faces political opposition, with critics arguing it could undermine France's healthcare sovereignty.

Portfolio Pulse from Vandana Singh

October 15, 2024 | 5:33 pm

SEEL

Seelos Therapeutics has been delisted from Nasdaq due to failure to meet minimum stockholder equity requirements. Trading will move to the OTCQB market, but there's no guarantee of continued trading. This follows a recent agreement with the Department of Defense for PTSD research.

Portfolio Pulse from Juan Spínelli

October 15, 2024 | 5:31 pm

GOOG

GOOGL

Former President Donald Trump criticized Google, stating that the company has a lot of power and has been 'very bad' to him. He mentioned the possibility of taking action against Google, suggesting that it could be made 'more fair' without necessarily breaking it up.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:30 pm

TNON

Tenon Medical has been granted a U.S. patent for its technology related to stabilizing sacroiliac joints. This patent could enhance the company's competitive edge in the medical device industry.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:30 pm

AMD

Advanced Micro Devices (AMD) stock is trading lower due to ASML's soft guidance and potential U.S. export controls on chips. ASML's guidance and U.S. policy considerations are impacting the chip sector.

Portfolio Pulse from Dylan Berman

October 15, 2024 | 5:28 pm

DJT

SPY

Donald Trump claims he has the right to influence the Federal Reserve's decisions on interest rates but cannot directly order it. This statement may impact market perceptions of Federal Reserve independence and influence investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:25 pm