Streetbeat News

Regulatory

GOOGL

The U.S. Department of Justice (DoJ) is contemplating requesting a federal judge to mandate Google to divest parts of its business to dismantle its online search monopoly. This move is part of an ongoing antitrust case against Google.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:04 am

NVAX

Novavax announced that the European Commission has granted marketing authorization for its updated 2024-2025 Nuvaxovid COVID-19 vaccine. This follows a positive opinion from the EMA's Committee for Medicinal Products for Human Use.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:03 am

CANF

The FDA has granted Orphan Drug Designation to Can-Fite Biopharma's Namodenoson for the treatment of pancreatic cancer. This designation is significant as it provides certain benefits to the company, including market exclusivity and potential tax credits.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:02 am

PLL

Piedmont Lithium has received a Mine Operating Permit from the Minerals Commission of Ghana for the Ewoyaa Lithium Project, a joint venture in Ghana.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:55 am

OCGN

Ocugen announced that the US FDA has lifted the clinical hold on their investigational new drug application for the Phase 1 clinical trial of OCU200, a treatment for diabetic macular edema.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:32 am

BABA

BIDU

JD

MCHI

SPY

TCEHY

Ray Dalio warns about the complexities of investing in China due to shifting economic policies and government control. Despite recent optimism, Chinese stocks have faced volatility, impacting major indices and tech giants.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:28 am

BYDDF

BYDDY

BYD aims to sell 100,000 EVs in Mexico by 2025, despite potential 200% tariffs on Chinese-made cars proposed by Donald Trump. The company plans to announce its first Mexican factory location by year-end, initially producing 150,000 vehicles. BYD is seeking tariff relief and exploring global markets amid trade challenges.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:19 am

CLF

Cleveland-Cliffs has received a 'no-action letter' from the Canadian Competition Bureau, indicating that the Commissioner of Competition will not challenge its pending acquisition of Stelco Holdings.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:06 am

GOOG

GOOGL

The DOJ is considering breaking up Google due to antitrust violations, focusing on its use of platforms like Chrome and Android to maintain search dominance. Potential remedies include structural changes and limiting agreements with companies like Apple and Samsung. Google criticizes these measures as 'radical.'

Portfolio Pulse from Kaustubh Bagalkote

October 09, 2024 | 7:33 am

META

Turkey has banned the messaging platform Discord due to allegations of child sexual abuse and obscenity. This follows public outrage over a murder case linked to Discord users. The ban is part of a broader scrutiny of online platforms, including Meta, for failing to protect children.

Portfolio Pulse from Ananya Gairola

October 09, 2024 | 6:30 am