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Regulatory

AULT

Ault Alliance, Inc. (NYSE:AULT) has announced that its subsidiary, Eco Pack Technologies, Inc., will acquire an 80% ownership stake in Eco Pack Technologies LTD. Eco Pack is a leader in eco-centric packaging alternatives, using Siemens Digital technology to develop sustainable packaging solutions. The company's solutions are expected to replace conventional cardboard boxes and shrink-wraps in major retail chains. The deal is subject to customary closing conditions and regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 10:31 am

AAPL

VGK

EU's Internal Market Commissioner Thierry Breton, after meeting with Apple CEO Tim Cook, has called on Apple to open up its gates to competitors. This comes amid the EU's ongoing scrutiny of big tech companies and their market dominance.

Portfolio Pulse from Charles Gross

September 26, 2023 | 10:30 am

IDYA

Ideaya Biosciences has received Fast Track designation from the FDA for its drug IDE161. The drug is intended for pretreated, platinum-resistant advanced or metastatic ovarian cancer patients with BRCA1/2 mutations.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 10:04 am

IMVT

Immunovant, Inc. (NASDAQ:IMVT) announced positive results from a Phase 1 clinical trial of IMVT-1402, a potential treatment for autoimmune diseases. The trial showed dose-dependent reductions in IgG in healthy adults, with no dose-related changes in serum albumin or LDL-C. The company also released initial results for the 300 mg cohort of the MAD study ahead of schedule, showing a mean total IgG reduction from baseline of 63%.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 10:02 am

BABA

Alibaba's board has announced plans to spin-off Cainiao with a separate listing on the Hong Kong Stock Exchange. Alibaba will retain more than 50% of the shareholdings in Cainiao, keeping it as a subsidiary. The spin-off is subject to approval from the Listing Committee of the Hong Kong Stock Exchange, the China Securities Regulatory Commission, and the board of directors and shareholders of Cainiao.

Portfolio Pulse from Charles Gross

September 26, 2023 | 9:20 am

SOUN

SoundHound AI has been granted U.S. Patent #11769488, which pertains to meaning inference from speech audio. This could potentially enhance the company's product offerings and competitive edge in the AI market.

Portfolio Pulse from Charles Gross

September 26, 2023 | 9:14 am

NVS

Novartis' Sandoz division has received European approval for Tyruko (Natalizumab), the first and only biosimilar for multiple sclerosis in Europe. The authorization covers treatment as a single disease-modifying therapy in adults with highly active relapsing-remitting multiple sclerosis.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:21 am

APO

BX

CG

JPM

KKR

META

TPG

The U.S. Securities and Exchange Commission (SEC) has collected thousands of messages from staff at over a dozen leading investment firms as part of an investigation into the use of private messaging apps for business communication. The investigation, which has been ongoing for two years, initially focused on broker-dealers and resulted in more than $2 billion in fines. The latest phase of the investigation includes firms like Carlyle Group, Apollo Global Management, KKR & Co, TPG, Blackstone, and Citadel. The SEC's increased scrutiny comes after JPMorgan Chase failed to provide certain documents in 2018 during an unrelated investigation.

Portfolio Pulse from Benzinga Neuro

September 26, 2023 | 8:16 am

FEMY

Femasys has received FDA 510(k) clearance for its infertility treatment, FemaSeed, leading to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 8:12 am

REGN

SNY

The FDA has accepted for priority review the supplemental Biologics License Application (sBLA) for Dupixent (dupilumab), a drug developed by Regeneron and Sanofi, for the treatment of eosinophilic esophagitis in children aged 1 to 11.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:50 am