Streetbeat News

Regulatory

MSOS

C3 Industries CEO Ankur Rungta expressed skepticism about federal reform and uncertainty regarding 280E reform. He noted potential slight improvements in the macro and consumer environment, emphasizing the need to enhance business operations.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:28 pm

EIS

ISRA

SPY

USO

President Biden had a direct and productive 30-minute call with Israel's Prime Minister Netanyahu, focusing on the recent Iran attack. The discussion highlights ongoing geopolitical tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:27 pm

MSOS

C3 Industries CEO Ankur Rungta highlights an information problem in the cannabis industry, emphasizing the need for internal solutions rather than relying on external factors. This could impact cannabis-focused ETFs like MSOS.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:26 pm

BAX

FSNUF

Baxter International's North Carolina facility, responsible for 60% of the U.S. supply of IV fluids and peritoneal dialysis solutions, has been shut down due to flooding from Hurricane Helene, causing a national shortage. Senator Amy Klobuchar is urging immediate action to address the crisis and prevent further issues with another facility at risk. Fresenius SE is increasing production at its Wilson, NC facility, but it won't fully compensate for Baxter's shutdown.

Portfolio Pulse from Vandana Singh

October 09, 2024 | 6:24 pm

JKS

The US has been requested to increase the duty on solar exports from Jinko Solar's Malaysian operations to 13%. This move could impact Jinko Solar's cost structure and pricing strategy in the US market.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:20 pm

MSOS

Dutchie CEO Tim Barash highlights supply and demand imbalances in certain states, along with macro and micro headwinds such as last-minute compliance changes. These factors could impact cannabis-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:19 pm

GOOG

GOOGL

The U.S. Department of Justice is considering remedies to address Alphabet Inc.'s Google Search dominance, following a ruling that its practices violated antitrust laws. Analysts from Wedbush and JPMorgan believe structural changes are unlikely, but potential remedies could impact Google's business model, particularly in search distribution. Alphabet plans to appeal, which may delay any impact. Alphabet shares fell 2.4% following the news.

Portfolio Pulse from Adam Eckert

October 09, 2024 | 6:11 pm

MSOS

The Benzinga Cannabis Capital Conference features a panel titled 'Thriving in the Face of 2024 Cannabis Headwinds', discussing strategies for success in the cannabis industry amidst upcoming challenges.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:09 pm

SPY

The Federal Reserve's minutes reveal discussions on the continuation of quantitative tightening even if interest rates are reduced. Most participants see diminished inflation risks but increased employment risks. Concerns were raised about reducing policy restraint too soon.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:03 pm