Streetbeat News

Regulatory

WSM

Green Equity Investors IX, L.P. has increased its stake in Williams-Sonoma to 5%, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:16 pm

AAPL

NVDA

Huawei Technologies unveiled its latest Mate 60 smartphone series at a product event, while also expressing gratitude to China for its support amidst U.S. sanctions. The company has been facing challenges due to these sanctions since 2019, which have limited its access to advanced chipmaking technologies. Despite this, Huawei has made significant strides in tech, challenging companies like Nvidia Corp. The Mate 60 series is seen as evidence of Huawei's resilience against U.S. sanctions. The event also marked the second anniversary of the return of Huawei's rotating Chairwoman, Meng Wanzhou, to China.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 2:11 pm

FTTUSD

FTX (CRYPTO: FTT) founder Sam Bankman-Fried is expected to plead not guilty against wire fraud and conspiracy charges. A guilty verdict could result in decades of imprisonment. Bankman-Fried’s trial for the collapse of FTX and its hedge fund, Alameda Research, is scheduled to commence on Oct. 3. Of the seven charges that Bankman-Fried faces, only two are substantive charges, the rest are conspiracy charges.

Portfolio Pulse from Khyathi Dalal

September 25, 2023 | 2:06 pm

GFS

GlobalFoundries (NASDAQ:GFS) has applied for U.S. CHIPS and Science Act Funding, aiming to expand and modernize its U.S. manufacturing facilities. The company is a leading manufacturer of essential semiconductors for the U.S. government and various markets including automotive, aerospace and defense, IoT, and others.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:04 pm

SPY

House Speaker McCarthy has announced that the House will vote on an appropriations bill on Tuesday. The outcome of this vote could potentially impact the market and, consequently, the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:27 pm

MULN

Mullen Technologies has received EPA certification for its Class 3 EV commercial vehicles, a critical milestone that allows the company to start shipping vehicles to customers. The company's first Class 3 EV Cab Chassis Trucks began production on August 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:27 pm

SCYX

SCYNEXIS has announced a recall of BREXAFEMME and a temporary halt to clinical studies of ibrexafungerp due to the risk of cross contamination with a non-bacterial beta-lactam drug substance. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:20 pm

FXI

SPY

VGK

The U.S. Commerce Department has imposed trade restrictions on additional Chinese and Russian companies over a scheme to supply Russia with components to make drones, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:15 pm

SCYX

SCYNEXIS has announced a recall of BREXAFEMME and a temporary halt to clinical studies of ibrexafungerp due to the risk of cross contamination with a non-antibacterial beta-lactam drug substance during manufacturing, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:08 pm

SHPH

Shuttle Pharma has announced the results of its pre-IND meeting with the FDA for the Phase II clinical trial of Ropidoxuridine for patients with Glioblastoma. The company is on track to initiate the clinical trial in Q4 of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:04 pm