Streetbeat News

Regulatory

VRPX

Virpax Pharmaceuticals has filed a new provisional patent application for its product candidate Envelta, which uses Molecular Envelope Technology (MET) for intranasal delivery of Enkephalin for severe cancer and non-cancer pain. The MET was developed by Nanomerics Ltd., which has licensed its technology to Virpax. The development program for Envelta is being funded almost exclusively through a Cooperative Research and Development Agreement with the National Center for Advancing Translational Sciences.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:59 pm

AZRE

Trading of Azure Power Global's shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:59 pm

MRMD

MariMed (OTCQX:MRMD) (CSE:MRMD) staged a protest against Section 280E of the Internal Revenue Service Code, which they claim unfairly burdens the cannabis industry with higher taxes. The protest involved a reenactment of the Boston Tea Party, with executives and team members throwing cargo chests labeled 'WEED' overboard from a boat in Boston Harbor. MariMed's stance on 280E is supported by a growing number of U.S. Congressmen and women.

Portfolio Pulse from Vuk Zdinjak

July 13, 2023 | 12:55 pm

SPY

The Producer Price Index (PPI) for final demand rose by 0.1% in June, below the expected 0.2% rise. This is the lowest annual PPI inflation rate since August 2020. The Department of Labor reported a lower-than-expected increase in weekly unemployment claims, confirming a healthy labor market. These data releases support market expectations for the Federal Reserve to raise interest rates once this month. Futures on the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), were 0.3% higher ahead of Wall Street opening bells.

Portfolio Pulse from Piero Cingari

July 13, 2023 | 12:49 pm

MULN

Mullen Automotive Inc's shares are trading higher after the company announced that the New York Power Authority (NYPA) began testing its EV Cargo Vans. Mullen also highlighted a recent interview regarding naked short selling with its CEO in a new regulatory filing. The company has retained Christian Attar, in partnership with Warshaw Burstein LLP, to investigate potential wrongdoing related to a market manipulation scheme involving illegal naked short selling.

Portfolio Pulse from Adam Eckert

July 13, 2023 | 12:43 pm

DIS

Walt Disney Co. (NYSE:DIS) is shifting its expansion plans from Florida to California due to its ongoing feud with Florida's Governor Ron DeSantis over the 'Don't Say Gay' law. Disney has scrapped a $1 billion project in Orlando and is instead focusing on its Disneyland Forward project in Anaheim, California, which is expected to generate $253 million annually and create 2,200 new jobs.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 12:43 pm

MBRX

Moleculin Biotech, Inc. (NASDAQ:MBRX) has announced the publication of data from its successful European Phase 1 clinical trial evaluating Annamycin as a single agent treatment for relapsed or refractory Acute Myeloid Leukemia (AML). The trial showed no evidence of cardiotoxicity in any subject and an 80%/60% ORR/CRi rates in the last single agent cohort. Annamycin is currently being evaluated in a Phase 1b/2 study in combination with Cytarabine for the treatment of AML.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:42 pm

PRGO

Perrigo Company plc (PRGO) has received FDA approval for its over-the-counter contraceptive pill, Opill. This approval could potentially boost the company's revenues and market share in the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:39 pm

BSFC

Blue Star Foods Corp. (BSFC) has regained compliance with NASDAQ's minimum bid price requirement. The company's common stock has maintained a closing bid price of $1.00 per share or more for at least 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 12:37 pm

EH

EHang Holdings Limited (NASDAQ:EH) has signed a Memorandum of Understanding with the Bao'an District Government of Shenzhen municipality for a strategic partnership in urban air mobility. The partnership will focus on commercial operations of EH216-S autonomous aerial vehicles (AAVs) and the development of use cases, systems, and routes. The Bao'an District Government will provide support for AAV procurement, financial leasing, infrastructure construction, and low-altitude operations. EHang plans to establish an Operation Demonstration Center, an Assembly and Delivery Center, a Research and Development Testing Center, and a Maintenance Support Center in Bao'an District.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 12:33 pm