Streetbeat News

Regulatory

GOOG

GOOGL

The Italian Competition Authority has concluded its investigation into Alphabet Inc's Google for alleged abuse of dominance, accepting Google's proposed commitments to enhance data portability. Google's alleged abusive conduct involved obstacles to data sharing interoperability with other platforms. The company has proposed three commitments to address these concerns, including supplementary solutions to its Takeout service and a new solution for direct data portability. In 2022, Google faced a €4.3 billion fine from the EU's top court for abusing its influence.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 1:27 pm

SPY

Chicago Fed's President Goolsbee has stated that it is 'fabulous news' that inflation is coming down. The goal is to manage inflation without causing a major recession. The restrictiveness of the policy rate will need to be adjusted as necessary.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:26 pm

WKEY

WISeKey International Holding Ltd. (NASDAQ:WKEY) has announced that its WISeID solution offers a safer digital world by protecting data and privacy. The company emphasizes the control and ownership individuals should have over their digital identities, including biometric data. This comes in response to the recent launch of the WorldCoin project, which exchanges digital coins for iris scans, raising concerns about privacy and data misuse. WISeKey urges all stakeholders to create a safer digital world, ensuring the benefits of advanced technologies without compromising privacy and data security.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:21 pm

ACB

ALEAF

CGC

FFLWF

The Ontario Cannabis Store (OCS) has announced a reduction in most wholesale markups on marijuana products sold to retailers starting in September. This move is expected to save the industry $60 million in 2024. Large marijuana operators such as Aleafia Health, Fire & Flower, Canopy Growth, Tantalus Labs, and Aurora Cannabis, who have faced operational challenges and downsizing, may benefit from this change.

Portfolio Pulse from Nina Zdinjak

July 31, 2023 | 1:20 pm

TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC) has been issued its sixth patent for its bioelectronic platform by the U.S. Patent and Trademark Office. The patent expands the company's intellectual property to include proprietary contacts, conductive circuitry design, and algorithms to optimize therapy delivery. The company has an additional 17 patents pending in the U.S. and abroad.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:12 pm

AUDC

MSFT

AudioCodes' Voca Conversational Interaction Center (Voca CIC), an AI-first contact center solution, has been certified by Microsoft as a Microsoft Teams contact center solution. The solution is designed to integrate with Microsoft Teams Phone, allowing any Teams user to act as an agent. The certification allows AudioCodes to further penetrate the market, providing a true customer experience play in the Microsoft Teams ecosystem.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:11 pm

BABA

Alibaba Group Holding Limited's stock is trading slightly up amid reports of the unlikelihood of the Ant Group's IPO in the short term. Ant Group recently won approval to buy back up to 7.6% of its equity interest from investors, valuing Alibaba's fintech affiliate at $78.54 billion. In July, China ended its regulatory overhaul on the Alibaba fintech affiliate with a record penalty of $984 million. Ant Group paid the fine for violating consumer protection and corporate governance laws. Jack Ma's holding companies invested $1.5 million in a newly established marine technology firm.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 1:03 pm

MYMD

MyMD Pharmaceuticals has reported positive topline results from its Phase 2 study of oral TNF-α inhibitor, MYMD-1, in patients with chronic inflammation associated with sarcopenia, or age-related frailty. The study met its primary endpoints of significantly reducing chronic inflammatory markers in participants treated with MYMD-1. The company plans to present the data to the FDA and advance the clinical program for MYMD-1.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:01 pm

MYMD

Shares of MyMD Pharmaceuticals have been halted pending news.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 1:00 pm

TCBP

TC BioPharm has successfully maintained its listing on the Nasdaq stock exchange.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:35 pm