Streetbeat News

Regulatory

META

Thailand's Ministry of Digital Economy and Society (DES) has warned Meta Platforms Inc (NASDAQ:META), the parent company of Facebook, to address fraudulent cryptocurrency investment scams on its platform or face expulsion from the Thai market. The scams, which often promise high returns and misuse the name and symbols of Thailand's SEC and Stock Exchange, have resulted in damages worth over 100,000 million baht and affected more than 200,000 victims.

Portfolio Pulse from Murtuza Merchant

August 22, 2023 | 1:21 pm

NVOS

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has announced that its IoNovo Iodine product has received regulatory approval by Turkey's Ministry of Health as a dietary supplement. The product is now eligible for sale in Turkey. IoNovo Iodine is absorbed directly into the bloodstream through an oral spray dosage, a method proven to be more effective in absorption than pill or gel capsules.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:03 pm

BRQS

Borqs Technologies, a global provider of 5G wireless and IoT solutions, has been granted an extension by the Committee on Foreign Investment in the United States (CFIUS) to complete the divestment of its subsidiary, Holu Hou Energy LLC (HHE), by January 1, 2024. The company is considering a share buyback program and/or a special dividend payout after the divestment.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:02 pm

BIDU

Baidu is awaiting approval for large scale roll-out of its Ernie Bot for use in consumer-facing apps. This comes in the wake of China's July Generative AI rules, which are seen as pro-innovation rather than pro-regulation.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:48 pm

SPY

Federal Reserve's Barkin stated that balance sheet normalization is currently in the 'background' of policy. This suggests that the Fed is not actively pursuing balance sheet reduction at this time.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:45 pm

OSIS

OSI Systems, Inc. (NASDAQ:OSIS) announced that its Rapiscan Itemiser® 5X Explosive Trace Detection (ETD) device has met the qualification standards set by the TSA for inclusion on the Air Cargo Screening Technology List (ACSTL). The ACSTL provides a list of approved technologies to be used by the air cargo industry for meeting the U.S. regulatory requirements and enhancing cargo security.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:39 pm

SLS

SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) announced a positive review of the ongoing Phase 3 REGAL clinical trial of galinpepimut-S (GPS) in acute myeloid leukemia (AML) by the Independent Data Monitoring Committee (IDMC). The IDMC recommended that the trial continue without modifications. The interim analysis is expected to occur by late 2023 or early 2024, with enrollment completion anticipated in Q4 2023.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:37 pm

SPY

Federal Reserve's Barkin stated that the implications of work from home still need to be fully accounted for. The shift to remote work has significant economic implications that are yet to be fully understood.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:37 pm

IXHL

Incannex Healthcare Limited (NASDAQ:IXHL) has received approval from the US Food and Drug Administration to conduct the company’s investigational new drug (‘IND’) opening pivotal IHL-42X phase 2/3 clinical trial in the United States. The IND opening trial will assess the effect of IHL-42X in obstructive sleep apnea patients who are non-compliant, intolerant, or naïve to positive airway pressure treatment.

Portfolio Pulse from Vuk Zdinjak

August 22, 2023 | 12:35 pm

SPY

Richmond Fed's Barkin has stated that the Federal Reserve needs to achieve its 2% target to ensure its credibility, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 12:20 pm