Streetbeat News

Regulatory

VRAY

ViewRay, Inc. (NASDAQ:VRAY) announced that it will be delisted from the Nasdaq Stock Market due to its voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code and concerns about its ability to sustain compliance with the $1.00 per share minimum bid price requirement. The company's common stock is expected to begin trading on the OTC markets under the symbol 'VRAYQ'.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:01 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has received a letter from Nasdaq notifying that it does not meet the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The company has until September 5, 2023, to submit a plan to regain compliance. The notification has no immediate effect on the company's business operations or the listing of its common shares.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:00 pm

VRCA

Trading of Verrica Pharmaceuticals' shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:59 pm

EVLO

HRZN

Horizon Technology Finance Corporation has increased its stake in Evelo Biosciences to 11.5% as of July 11, according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:50 pm

F

Ford Motor Co's (NYSE:F) $3.5 billion battery plant deal with Chinese firm CATL is under investigation by two U.S. House of Representatives committees. The committees are concerned about the potential influence of the Chinese Communist Party over Ford and its implications for U.S. taxpayers. Ford plans to maintain ownership and operation of the plant on U.S. soil, contrasting with competitors that import batteries from China. The committees are also questioning the roles of CATL's Chinese workforce at the Ford plant and CATL's control over entities linked to forced labor allegations.

Portfolio Pulse from Piero Cingari

July 21, 2023 | 7:27 pm

SPY

VGK

The White House's National Security Advisor, Jake Sullivan, announced that training for Ukrainian pilots on F16s will commence in a matter of weeks.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:17 pm

FXI

SPY

The White House's National Security Advisor, Jake Sullivan, has stated that the U.S. will impose specific and targeted limits on technology exports to China. The details of these restrictions are yet to be disclosed.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:15 pm

MSOS

The Senate Banking, Housing & Urban Affairs Committee has delayed a vote on cannabis banking reform until after the August recess. This news led to a 5% drop in the cannabis sector, with the MSOS ETF (NYSE:MSOS) finishing 1.6% lower. The delay is seen as a blow to the cannabis industry, particularly for all-cash businesses and investors.

Portfolio Pulse from Todd Harrison

July 21, 2023 | 6:37 pm

TSLA

Twitter plans to subpoena Senator Elizabeth Warren as part of its ongoing legal dispute with the Federal Trade Commission (FTC). This follows Warren's call for an investigation into potential conflicts of interest involving Elon Musk's roles as CEO of both Twitter and Tesla Inc. Warren's concerns stem from Musk's decision to buy Twitter in a $44-billion deal, funded in part by the sale of Tesla shares. Twitter's subpoena calls for the production of all communications between Warren and the FTC, as well as with the Securities and Exchange Commission, relating to Twitter or Musk.

Portfolio Pulse from AJ Fabino

July 21, 2023 | 6:16 pm

FFNTF

Kris Krane, director of cannabis development for KCSA Strategic Communications and founder of 4Front Ventures Corp., called for a review of marijuana's scheduling under the Controlled Substances Act in a recent interview at the Benzinga Cannabis Capital Conference. Krane urged President Joe Biden, the FDA, and other relevant agencies to consider de-scheduling marijuana or moving it to a lower schedule. He emphasized that such a move could be a game-changer for the cannabis industry.

Portfolio Pulse from Joana Scopel

July 21, 2023 | 6:05 pm