Streetbeat News

Regulatory

CG

Carlyle Group (NASDAQ:CG) has granted exclusive rights to Orora Group for the purchase of Saverglass, a global specialist manufacturer of high-quality glass bottles. The transaction is subject to regulatory approvals and consultation with employee representative bodies.

Portfolio Pulse from Charles Gross

September 05, 2023 | 9:28 am

BABA

BIDU

FXI

Chinese shares are trading lower in the premarket due to weak August PMI data. This could potentially affect several US-listed Chinese companies and ETFs.

Portfolio Pulse from Charles Gross

September 05, 2023 | 9:14 am

VTRS

Viatris Inc. has announced that the U.S. Food and Drug Administration (FDA) has given tentative approval for a new drug application for a paediatric formulation of Abacavir/Dolutegravir/Lamivudine, a once-daily treatment for children living with HIV.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:02 am

META

TWTR

Elon Musk has reignited Meta Platforms Inc.'s 2020 hate speech crisis amidst a potential $22 billion defamation lawsuit against the Anti-Defamation League (ADL). Musk accused Meta, formerly Facebook, of allowing left-leaning pressure groups to dictate its policies in exchange for advertising revenue. This accusation highlights the ongoing debate about the influence of pressure groups on social media policies. ADL has accused Musk's X, formerly Twitter, of failing to curb hate speech and extremist content since Musk acquired the site for $44 billion last year.

Portfolio Pulse from Ananya Gairola

September 05, 2023 | 8:55 am

EWU

The U.K. Services Purchasing Managers Index (PMI) for August was reported at 49.5, lower than the estimated 48.7 and the prior figure of 51.5.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:31 am

EWU

The U.K. Composite Purchasing Managers' Index (PMI) for August was reported at 48.6, lower than the estimated 47.9 and the prior figure of 50.8. This indicates a contraction in the U.K. economy.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:30 am

AAPL

Apple Inc. has filed a patent with the United States Patent and Trademark Office for a foldable iMac. The patent describes a desktop with a folding glass panel at the bottom, aiming to make it as compact as possible. The company has previously filed patents for foldable MacBooks and is also working on a foldable iPad. The new design could potentially influence other desktop makers to rethink their designs.

Portfolio Pulse from Rounak Jain

September 05, 2023 | 8:28 am

VGK

The Eurozone Services Purchasing Managers Index (PMI) for August was reported at 47.9, lower than the estimated 48.3 and significantly below the prior month's 50.9.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:02 am

VGK

The HCOB Eurozone Composite Purchasing Managers Index (PMI) for August was reported at 46.7, lower than the estimated 47 and the prior figure of 48.6.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 8:02 am

EWG

VGK

Germany's Services Purchasing Managers Index (PMI) for August was reported at 47.3, lower than the estimated 43.7 and the prior figure of 52.3.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 7:58 am