Streetbeat News

Regulatory

ATNF

180 Life Sciences has met with the Medicines and Healthcare products Regulatory Agency (MHRA) to propose a path forward for the approval of the company's use of Adalimumab as an anti-TNF therapy. The MHRA has agreed with the company's proposed primary and secondary endpoints for a proposed Phase 3 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:44 pm

SGEN

TAK

Takeda Pharmaceutical Company Limited (TAK) has announced that the European Commission has approved ADCETRIS for the treatment of adult patients with previously untreated CD30+ Stage III Hodgkin lymphoma. The approval is based on positive overall survival results from the Phase 3 ECHELON-1 study. This marks the first significant improvement in overall survival in two decades in Stage III & IV Hodgkin lymphoma. ADCETRIS is being jointly developed by Seagen (SGEN) and Takeda.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:39 pm

XEL

Xcel Energy has been awarded a $100 million grant from the U.S. Department of Energy to enhance grid resiliency and mitigate wildfire threats. The funding will support projects in Colorado, Minnesota, New Mexico, Texas, and Wisconsin, aimed at protecting lives, homes, and forests while reducing power outages. The projects will include adding fire-resistant coatings to wood poles, improving equipment safety, moving high-risk circuits underground, and enhancing vegetation management. The projects are expected to span five years, starting in 2024.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:22 pm

EVTV

Envirotech Vehicles, Inc. (NASDAQ:EVTV) has regained compliance with the Nasdaq Stock Market, LLC Listing Rule 5250(c)(1) which requires timely filing of all required periodic financial reports with the SEC. The company is now current on its SEC financial reporting obligations.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:13 pm

LFCR

Lifecore Biomedical, Inc. (NASDAQ:LFCR) has received a notice from Nasdaq for not complying with the Listing Rule 5250(c)(1) due to delayed filing of its Interim Report on Form 10-Q and Annual Report on Form 10-K. The company has submitted a plan to regain compliance and has until February 12, 2024, to file the reports. The notice does not immediately affect the company's listing or trading on the Nasdaq Global Select Market.

Portfolio Pulse from Happy Mohamed

October 18, 2023 | 8:07 pm

PLD

XLRE

The boom in housing construction driven by low-interest rates during the COVID-19 pandemic has ended due to higher rates, with the number of new building permits for multi-unit residential buildings dropping to a three-year low in September. Real estate stocks have not participated in 2023’s broad-market rally, with the Real Estate Select Sector SPDR Fund (NYSE:XLRE) down 8% year-to-date and Prologis Inc (NYSE:PLD) down about 6% YTD.

Portfolio Pulse from Aaron Bry

October 18, 2023 | 8:03 pm

MOXC

Moxian (NASDAQ:MOXC), a US-based bitcoin mining company, has received a notification from Nasdaq for not complying with the minimum bid price requirement. The company's shares were below $1.00 for 30 consecutive business days. Moxian has until April 9, 2024, to regain compliance. If not, it may be eligible for an additional 180-day grace period.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:00 pm

BRPHF

Galaxy Digital Holdings Ltd. CEO, Michael Novogratz, predicts the approval of spot Bitcoin-exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) in 2023. This follows a legal victory by Grayscale Investments LLC, which won an appeal to transform its Bitcoin trust into an ETF. Galaxy is partnering with Invesco to apply for an ETF.

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 7:58 pm

SPY

U.S. Representative Jim Jordan has announced that the next vote for the Speaker of the House is expected to take place on Thursday. The outcome of this vote could potentially influence the direction of future legislation.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:53 pm

POR

The U.S. Department of Energy (DOE) has granted $250 million to the Confederated Tribes of Warm Springs, in partnership with Portland General Electric (PGE), for critical transmission upgrades.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 7:43 pm