Streetbeat News

Regulatory

GEVO

Gevo Inc. has finalized and executed a Notice of Grant and Agreement Award with the US Department of Agriculture. The details of the agreement and its potential impact on the company's operations and financials were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:03 am

AAPL

AMZN

GOOG

META

MSFT

The EU Commission has designated 22 services of Alphabet, Amazon, Apple, Meta, Microsoft, and TikTok owner ByteDance as gatekeepers. This move could potentially lead to increased regulatory scrutiny for these tech giants.

Portfolio Pulse from Charles Gross

September 06, 2023 | 9:40 am

EWG

TSM

VGK

TSMC is still in the process of applying for subsidies from Germany and the EU for its new plant in Germany. The company's chairman stated that everything is going smoothly in the subsidy talks.

Portfolio Pulse from Charles Gross

September 06, 2023 | 8:53 am

EIDO

TSLA

Tesla is unlikely to pursue a plant in Indonesia soon, despite Coordinating Minister Luhut Panjaitan's meeting with Elon Musk last month, as reported by Bloomberg.

Portfolio Pulse from Charles Gross

September 06, 2023 | 8:47 am

EWU

The U.K. Construction Purchasing Managers Index (PMI) for August was reported at 50.8, slightly above the estimated 50.5 but lower than the prior month's 51.7.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:30 am

AZN

AZNCF

The FDA has issued a Complete Response Letter (CRL) to AstraZeneca regarding its Supplemental Biologics License Application for Ultomiris (Ravulizumab-cwvz) for Neuromyelitis Optica Spectrum Disorder patients. The FDA did not request additional analysis of the Phase 3 trial data and did not raise concerns about the efficacy or safety data. However, it requested modifications to enhance the Ultomiris Risk Evaluation and Mitigation Strategy.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:24 am

AAPL

The Chinese government has banned its officials from using Apple Inc.'s iPhones and other foreign-branded devices at work, which could impact the upcoming launch of the iPhone 15. This move is seen as a response to the US administration's ban on Huawei and TikTok. The ban could significantly affect Apple, which holds a 16% market share in China and for whom China accounts for 19% of its overall revenue.

Portfolio Pulse from Rounak Jain

September 06, 2023 | 7:42 am

AAPL

FXI

China has banned government officials from using foreign-branded devices, including Apple iPhones, for work, according to The Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 7:11 am

ALV

TSLA

The National Highway Traffic Safety Administration (NHTSA) has made an initial decision that some air bag inflators manufactured by ARC Automotive and Delphi Automotive from 2000 through January 2018 must be recalled. These inflators, which may rupture and eject metal debris, have been incorporated into air bag modules of 12 vehicle manufacturers including BMW, Ford, General Motors, Hyundai, Kia, Stellantis, Mercedes-Benz, Tesla, Toyota, and Volkswagen. Delphi Automotive was acquired by Autoliv, who may not have the legal liability for the inflators manufactured by Delphi.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 7:02 am

RHHBF

RHHBY

The FDA has accepted the application of Roche's subsidiary Genentech's drug, Crovalimab, for the treatment of Paroxysmal Nocturnal Hemoglobinuria (PNH), a rare life-threatening blood condition. This could potentially open a new revenue stream for Roche.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 6:43 am