Streetbeat News

Regulatory

SPY

Florida Governor Ron DeSantis announced in a press conference that the National Guard deployment will increase from 5,000 to 8,000 in response to Hurricane Milton.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:24 pm

N/A

The Justice Department has filed a lawsuit against LA Fitness, operated by Fitness International LLC, for alleged violations of the Americans with Disabilities Act (ADA). The lawsuit claims that LA Fitness has failed to provide equal access to its facilities for people with disabilities, citing issues such as broken pool lifts and elevators. The department seeks to eliminate these barriers and ensure compliance with ADA requirements.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:00 pm

GRAMF

MSOS

REFI

VRNOF

The removal of Section 280E from the Internal Revenue Code could allow cannabis companies to operate like normal businesses, enabling them to deduct typical business expenses. This change would provide companies like Verano Holdings and others with more funds for R&D and make them more attractive to investors. The potential rescheduling of cannabis could further enhance these benefits.

Portfolio Pulse from Jelena Martinovic

October 08, 2024 | 6:48 pm

TVGN

Tevogen Bio's trial data for TVGN 489 shows no dose-limiting toxicities or significant adverse events. The study met its endpoints on safety, viral load reduction, and anti-COVID-19 responses. 50% of patients were immunocompromised and infected with SARS-CoV-2 variants. All treated patients returned to baseline health within 14 days and showed no long COVID or reinfection at six-month follow-up. The CEO is advocating for patient support and pledges to use assets to combat long COVID and drive medical innovation.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:42 pm

MSOS

Tayyaba Khan from Cassels Brock & Blackwell advises caution in rescheduling, suggesting potential new market participants, including tobacco and alcohol companies. This could impact cannabis-related investments.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:34 pm

MSOS

FundCanna CEO Adam Stettner expressed optimism about the potential rescheduling of cannabis but emphasized that he is not relying on it. This cautious approach reflects the uncertainty surrounding regulatory changes in the cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:32 pm

ISRA

Iran has warned Gulf states against allowing their airspace to be used for attacks, labeling it 'unacceptable'. Iranian Foreign Minister Abbas Araqchi is visiting Gulf states for talks, as these nations reassure Iran of their neutrality in any potential Tehran-Israel conflict.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:29 pm

MDXXF

PharmAla Biotech Holdings Inc. (OTC:MDXXF) will supply the University of Texas, San Antonio with a novel MDMA dosage form for a clinical trial. The company also announced a new patent application for its APA-01 molecular entity.

Portfolio Pulse from Juan Spínelli

October 08, 2024 | 6:14 pm

BA

RTX

Boeing faces safety and delivery challenges as the FAA issues a safety alert for 737 rudder systems, and a labor strike impacts aircraft deliveries. The NTSB criticized the FAA's response, and Boeing warns of reduced future deliveries due to the strike.

Portfolio Pulse from Hayden Buckfire

October 08, 2024 | 5:53 pm

AA

Alcoa shares are experiencing a decline, potentially due to uncertainties surrounding China's economic stimulus measures.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:46 pm