Streetbeat News

Regulatory

NXU

NXU has received a formal notice from Nasdaq that its Class A common stock will be delisted from Nasdaq on October 19.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:11 am

IMRN

Immuron reported that its Q1 FY24 sales of Travelan increased to A$1.34M, compared to A$25.5K in Q1 FY23. This increase partially reflects three months of backorders accrued while awaiting GMP clearance from Australia Therapeutic Goods Administration.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:05 am

BCDA

BioCardia, Inc. (NASDAQ:BCDA) has completed enrollment for its CardiAMP Heart Failure Trial and is initiating discussions with the FDA for a second pivotal study protocol. The aim of the second study is to gain FDA marketing approval.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 10:02 am

AAPL

GOOG

GOOGL

Apple Inc. (AAPL) generates an estimated annual income of $18 billion to $20 billion by designating Alphabet Inc.’s (GOOG, GOOGL) Google as the default search engine on its iOS platform, according to Bernstein analyst Toni Sacconaghi, Jr. This is a $10 billion increase from the calculation made in 2020. However, Google's ongoing antitrust trial could jeopardize this agreement. Apple could potentially replace Google with another search engine or launch its own. Microsoft's CEO Satya Nadella has expressed interest in replacing Google as the default search engine on Apple devices.

Portfolio Pulse from Ananya Gairola

October 11, 2023 | 9:35 am

FXI

SPY

YMM

Self-driving startup Plus has decided to split its operations between the US and China due to increasing tensions. China's Full Truck Alliance, a shareholder in Plus, will focus on the China unit.

Portfolio Pulse from Charles Gross

October 11, 2023 | 9:35 am

DXC

DXC Technology has been awarded a contract by the Agency for the Technological Modernization of Galicia to transform its cloud platforms and solutions. DXC will manage and develop the organization’s cloud infrastructures across private, public and cloud environments. The agreement will benefit decision-making processes for the government agency, with DXC providing advice on methodologies, best practices, cost optimization, regulatory compliance, governance, and the implementation of new cloud services.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:09 am

EWQ

TSLA

VGK

Orianne Chenain, a French Finance Ministry official, has announced that most electric cars produced in Europe, and some made in Asia, will qualify for subsidies in France. This could potentially boost sales of electric vehicles in the country.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:54 am

EIS

SPY

USO

VGK

U.S. Defense Secretary Austin has pledged to ensure Israel has what it needs to protect itself and that Washington will support Ukraine for as long as it takes, according to Reuters.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:50 am

SPY

Federal Reserve Governor Michelle Bowman has indicated that the U.S. policy rate may need to rise further. This could potentially impact the broader market, including ETFs like SPY.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:48 am

RHHBF

RHHBY

RHHVF

Roche's Genentech has announced results from the Phase IV CHIMES trial evaluating Ocrevus in Black and Hispanic / Latinx people with relapsing multiple sclerosis.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:10 am