Streetbeat News

Regulatory

OIG

Orbital Infrastructure has received a delinquency letter from Nasdaq due to the late filing of its quarterly report on Form 10-Q.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:36 am

BZNGA

ProSomnus has updated clinical trial data indicating that its precision oral appliance therapy devices are non-inferior to CPAP therapy for the treatment of moderate to severe obstructive sleep apnea (OSA).

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:30 am

GOOG

GOOGL

The Delhi High Court has dismissed two petitions against Alphabet Inc's Google Pay, allowing it to continue operations in India. The court clarified that Google Pay operates as a third-party app provider, not requiring direct approval from the Reserve Bank of India under the Payment and Settlement Systems Act. The court also addressed data privacy concerns, stating that while the app provider can store some data in an encrypted form, the payment service provider's bank systems hold the more sensitive payment data.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 23, 2023 | 11:26 am

HOG

Former U.S. President Donald Trump has criticized India's high taxes on U.S.-made products, particularly Harley-Davidson motorcycles, and vowed to impose reciprocal taxes on India if he wins the 2024 presidential elections. Harley-Davidson recently launched a premium motorcycle in India via a partnership with Hero MotoCorp, and plans to make more motorcycles in India for export.

Portfolio Pulse from Arpit Nayak

August 23, 2023 | 11:23 am

AAPL

Apple Inc. is planning to increase its domestic component production in India. The company's top officials have discussed this with India's finance ministry. Apple began manufacturing iPhones in India in 2017 and has since established a strong assembly line in the country, in partnership with Foxconn and Wistron. However, the Indian government's stance on tax incentives remains firm.

Portfolio Pulse from Shomik Sen Bhattacharjee

August 23, 2023 | 11:20 am

ARKK

F

NVDA

TOL

TSLA

URBN

US markets are seeing movement in stocks such as Urban Outfitters and Toll Brothers. Cathie Wood's Ark Investment sees drones as game-changers in food delivery. In crypto, Elon Musk has made comments about DOGE, and there are concerns about Binance. In politics, there are debates about Biden's Iran deal and potential presidential candidates. In tech, Nvidia is reportedly tripling production of an AI chip. In the EV sector, Tesla faces risks that could impact its 2023 EPS. Ford is investing in a Canada cathode plant.

Portfolio Pulse from Akanksha Bakshi

August 23, 2023 | 11:12 am

KPRX

Kiora Pharmaceuticals, Inc (NASDAQ:KPRX) has been granted U.S. and European patents for local ocular delivery of the KIO-100 family of non-steroidal, anti-inflammatory small molecules. This extends market exclusivity for approved indications in the U.S. and Europe. The company's KIO-104 product demonstrated promising results in a Phase 1b clinical study.

Portfolio Pulse from Charles Gross

August 23, 2023 | 11:11 am

GSK

GSK has announced the results from the first-ever efficacy trial of Shingrix (Recombinant Zoster Vaccine or RZV) in China. The Phase IV trial, which involved nearly 6,000 participants aged 50 years and above, showed that the vaccine's efficacy was up to 97%.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 11:10 am

ALPMF

PFE

The FDA has granted priority review to Pfizer and Astellas Pharma's XTANDI for non-metastatic castration-sensitive prostate cancer with high-risk biochemical recurrence. This could potentially expedite the drug's approval process.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 10:47 am

FXI

China's President Xi Jinping, at the BRICS summit, has called for further expansion of cooperation in artificial intelligence. He emphasized the need to improve the safety, reliability, availability, and fairness of AI technology.

Portfolio Pulse from Charles Gross

August 23, 2023 | 10:30 am