Streetbeat News

Regulatory

TGB

Taseko Mines Limited has received the final Underground Injection Control Permit from the US Environment Protection Agency for the Florence Copper Project. This permit allows the company to commence construction of the Florence Copper commercial production facility.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:28 pm

MRNA

The EMA Committee for Medicinal Products for Human Use has recommended the authorization of Moderna's updated COVID-19 vaccine in the European Union. The vaccine has shown an 8.7 to 11-fold increase in neutralizing antibodies against circulating variants in clinical trials.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:23 pm

BHP

FCX

NUE

PKX

RIO

SCCO

STLD

TECH

VALE

ZEUS

Metals and materials stocks are trading higher after China decreased reserve requirements, which could potentially boost demand.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:18 pm

CZR

DAL

GOOG

GRAB

MSFT

PEP

SBUX

SFTBF

TSLA

Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

GENI

Trading of Genius Sports Limited shares has been halted due to pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:48 pm

SPY

A senior U.S. Treasury official has expressed concerns over the 'continued risk' of illicit activities at Iraqi commercial banks. The official has urged the Iraqi Central Bank to take action to avoid the need for further U.S. intervention.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:37 pm

SCLX

Scilex Holding Company has completed its Phase 2 trial for SP-103, a drug candidate for the treatment of acute lower back pain. The trial, which enrolled 75 patients across 10 U.S. sites, achieved its objectives of evaluating the safety and efficacy of SP-103. The drug received Fast Track status from the FDA in September 2022 and has the potential to be a leading treatment for lower back pain, with a potential global market opportunity of approximately $10.0 billion by 2026.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:23 pm

SPY

VGK

The U.S. government is planning to impose sanctions on around 150 companies and individuals accused of aiding Russia, according to the Wall Street Journal. The impact on ETFs like SPY and VGK is yet to be determined.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:18 pm

BUD

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) (TSX:TLRY) is expanding its beer business nationally, starting in Georgia. The expansion follows the acquisition of eight beer and beverage brands from Anheuser-Busch (NYSE: BUD), making Tilray the 5th largest craft beer business in the U.S. Tilray's CEO anticipates creating a beer infused with cannabis upon legalization in the U.S.

Portfolio Pulse from Jelena Martinovic

September 14, 2023 | 1:16 pm

CRM

MSFT

Microsoft Corp's (NASDAQ:MSFT) attempt to address EU concerns about its Teams video-conferencing app has failed, leading to the preparation of a formal complaint by the European Union's antitrust enforcers. The EU's investigation was prompted by a complaint from Salesforce Inc's (NYSE:CRM) Slack platform. Despite Microsoft's proposal to separate Teams from its broader business software package, regulators' worries persist. Microsoft may face further challenges in the European market.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 1:14 pm