Streetbeat News

Regulatory

ALDX

Knoll Capital Management has acquired a 6.1% passive stake in Aldeyra Therapeutics, according to a Form 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:29 pm

SPY

TUR

VGK

Turkey is preparing to host the next gathering of national security advisers to build support for a Ukraine peace summit, according to a Bloomberg reporter post.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:22 pm

NVAX

The FDA has granted emergency use authorization to Novavax Inc's COVID-19 Vaccine, Adjuvanted (2023-2024 Formula) (NVX-CoV2601) for individuals aged 12 and older. The approval comes at a time when the demand for COVID-19 vaccines is increasing. Novavax has a contracted price of $72.5/dose with the CDC and a price of $130/dose subject to insurance/pharmacy-level rebates and discounts. Despite the positive news, NVAX shares are down 6%.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 7:19 pm

FNGR

FingerMotion, Inc. (NASDAQ:FNGR) shares are trading higher after the company responded to a short seller report by Capybara Research, which it described as containing errors and inaccuracies. The company's management and Board of Directors plan to continue reviewing the report and take necessary actions to protect shareholder interests. FingerMotion recently filed a Form S-3 registration statement for $300 million of securities, of which $25 million has been allocated to an at-the-market offering.

Portfolio Pulse from Ryan Gustafson

October 04, 2023 | 7:18 pm

SPY

A Fitch analyst has stated that a U.S. government shutdown will not affect the U.S. AA+ Stable Sovereign Rating, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:12 pm

SPY

A Fitch analyst predicts that the ousting of the U.S. House Speaker will likely result in tense negotiations around government funding, and a government shutdown later this year cannot be ruled out.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:11 pm

BLK

BTCUSD

Steven Schoenfield, former managing director at BlackRock and current CEO of MarketVector Indexes, predicts that the SEC will approve a Bitcoin spot ETF within three to six months. This is a more optimistic estimate than his previous one of nine to 12 months. BlackRock, with $9.42 trillion in AUM and a 575-1 success rate with the SEC for ETFs, is in a strong position to secure approval for a Bitcoin spot ETF.

Portfolio Pulse from Murtuza Merchant

October 04, 2023 | 7:10 pm

BUD

TLRY

Tilray, Inc. (NASDAQ: TLRY) reported a 15% YoY increase in net revenue to $177 million in its Q1 financial results. Despite frustrations over the company's stock performance, CEO Irwin Simon expressed satisfaction with the company's progress, including its 13.4% share of the Canadian cannabis market and its position as the fifth-largest craft brewer in the U.S., following its acquisition of eight beer and beverage brands from Anheuser-Busch. Simon also expressed optimism about potential cannabis legalization in the U.S. and the recent Senate Banking Committee approval of cannabis banking reforms.

Portfolio Pulse from Maureen Meehan

October 04, 2023 | 7:09 pm

GGE

Green Giant Inc has received a notice from Nasdaq indicating that the company is not in compliance with Nasdaq listing rules. The company intends to submit a plan to regain compliance within the required timeframe.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 7:08 pm

CZR

MGM

WYNN

The Culinary Union has scheduled negotiations this week with MGM Resorts, Caesars Entertainment, and Wynn/Encore Resorts. No strike deadline has been set with respect to the gaming companies.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 6:52 pm