Streetbeat News

Regulatory

FULC

HAS

HKD

VFS

Several stocks recorded gains in the recent trading session. Fulcrum Therapeutics shares gained 42.8% after the FDA lifted clinical hold on the company’s FTX-6058 for sickle cell disease. VinFast Auto gained 36.5% amid volatility following its recent Nasdaq debut. Fabrinet jumped 25% after reporting better-than-expected Q4 results and issuing guidance. AMTD Digital gained 13.8% after announcing a $30 million share repurchase program. Hasbro rose 7.4% after B of A Securities maintained a Buy rating and raised the price target.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 2:29 pm

CSE:TRIP

TRUFF

Red Light Holland Corp. (OTCQB:TRUFF) (CSE:TRIP) has announced that its psilocybin microdosing capsules have passed 8 weeks of stability testing. The tests were conducted by CCrest Laboratories Inc., a Montreal-based pharmaceutical laboratory. The capsules are intended to be distributed in Australasia by NUBU Pharmaceuticals. A full stability report is expected after 3 months of testing.

Portfolio Pulse from Vuk Zdinjak

August 22, 2023 | 2:05 pm

FRBK

Republic First Bancorp has been notified by Nasdaq that it will not be listed on the exchange due to its failure to file its Form 10-K Annual Report with the SEC for FY22. As a result, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 1:55 pm

JNJ

Johnson & Johnson's novel bispecific therapy, Talvey, for the treatment of patients with relapsed and refractory multiple myeloma, has been approved by the European Commission. This follows the U.S. FDA approval of Talquetamab.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:55 pm

EWJ

FXI

China's Foreign Ministry has summoned the Japanese Ambassador over Japan's plan to release Fukushima water, expressing grave concern and strong opposition.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:49 pm

META

Meta Platforms Inc (NASDAQ:META) has launched non-personalized content streams for users in the European Union, in compliance with the Digital Services Act (DSA). The company is also increasing transparency around its AI and ad mechanisms, expanding its Ad Library, and rolling out more tools for research analysts. Meta has also stopped allowing advertisers to use sensitive personal data for their campaigns.

Portfolio Pulse from Anusuya Lahiri

August 22, 2023 | 1:46 pm

ATVI

MSFT

The European Union is considering whether Microsoft needs to refile its deal to acquire Activision Blizzard, according to Bloomberg. The decision could potentially delay the $68.7 billion deal.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:45 pm

FRBK

Republic First Bancorp, Inc. (NASDAQ:FRBK) has been notified by Nasdaq that its common stock will be delisted from the exchange as of August 23, 2023, due to the company's failure to file its Annual Report on Form 10-K for FY22. The company's stock is expected to begin trading on the OTC marketplace. The delay in financial filings is attributed to the former executive team's failure to maintain adequate internal controls and a systems conversion implemented in June 2022. The company may reapply to list on a major exchange after filing all delayed reports and meeting other listing requirements.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 1:44 pm

BIDU

LOW

NVDA

TSLA

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, world economy, tech, electric vehicle, communication, industrials, and consumer. Key highlights include muted energy stocks as oil prices edge down, SEC's action against Titan for misleading crypto claims, and Lowe's mixed Q2 performance with a reaffirmed annual outlook. In tech, Baidu's Q2 earnings beat expectations and Nvidia's stock surge is discussed. In the electric vehicle sector, Tesla is reportedly preparing for Cybertruck mass production and a potential India debut.

Portfolio Pulse from Akanksha Bakshi

August 22, 2023 | 1:41 pm

NVAX

Novavax Inc's stock is trading higher after the company announced that its updated COVID-19 vaccine generated neutralizing antibody responses to the EG.5.1 and XBB.1.16.6 subvariants. The company is in the process of submitting applications for its XBB.1.5 COVID vaccine candidate to regulatory authorities. Novavax shares were up 5.7% at the time of publication.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 1:41 pm