Streetbeat News

Regulatory

SQNX

Naoki Yoshida, the producer of Square Enix's Final Fantasy 16, expressed his wish for a single gaming console platform, stating it would be better for both developers and players. Final Fantasy 16, a PlayStation 5 exclusive, sold 3 million digital copies during its launch week. However, the game was banned in Saudi Arabia due to the publisher's unwillingness to make necessary modifications.

Portfolio Pulse from Franca Quarneti

August 15, 2023 | 8:25 pm

ARMK

Aramark (NYSE:ARMK) has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) in relation to the planned spin-off of Aramark Uniform Services into a standalone publicly traded company. The spin-off is expected to be completed by the end of Aramark's fiscal year, subject to customary closing conditions.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 8:22 pm

NBTX

Nanobiotix (NASDAQ:NBTX) announced the expiration of the HSR waiting period for its global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica NV, a subsidiary of Johnson & Johnson. With this, the transaction has become effective and Nanobiotix is eligible to receive a $30 million upfront cash licensing fee.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 8:19 pm

TLS

Telos Corporation has been approved as a TSA PreCheck Enrollment Provider. This will allow the company to enroll travelers in the TSA PreCheck program, which expedites security screening at airports.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:19 pm

RDZN

VHNA

Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNAU, VHNA, VHNAW) has announced that it will hold an extraordinary general meeting of shareholders on August 25, 2023, to vote on the proposed business combination with Roadzen, Inc. (NASDAQ:RDZN, RDZNW). The combined company will be renamed 'Roadzen Inc.' following the closing. The registration statement on Form S-4 relating to the Business Combination filed by Vahanna with the SEC was declared effective on August 14, 2023.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 8:17 pm

ANGO

AngioDynamics has received FDA Breakthrough Device Designation for its AngioVac System, a non-surgical solution for the removal of right heart vegetation. This designation will expedite the development and review process of the device.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 8:03 pm

QQQ

SPY

Investors are awaiting the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting, where a 0.25% rate hike was implemented. The focus is on whether this marks the Fed's final rate hike and how long the rates will remain at their current levels. Market sentiment indicates that the Fed will avoid further rate hikes, with Fed futures signaling a 90% probability of this outcome in the September meeting. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) could extend their recent declines if the minutes reveal a risk of further rate hikes.

Portfolio Pulse from Piero Cingari

August 15, 2023 | 7:48 pm

NOTV

Inotiv, a US-based contract research organization, is under investigation by the Securities and Exchange Commission (SEC) over its imports of monkeys from Asia. The SEC is probing whether the company violated any laws related to animal welfare or import regulations.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:39 pm

PAYO

Payoneer Singapore has secured a Major Payment Institution license, which will enhance its in-market product and service offerings. This complements Payoneer's suite of global licenses.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:05 pm

PDD

Pinduoduo (PDD) shares are trading lower by 3.3% due to weak industrial production and retail sales data for July in China. The People's Bank of China's rate cut, indicating economic challenges, has escalated fears about the country's economic health. This could impact consumer sentiment and behavior, potentially leading to reduced spending on platforms like Pinduoduo, affecting the company's revenue streams.

Portfolio Pulse from Henry Khederian

August 15, 2023 | 6:49 pm