Streetbeat News

Regulatory

CNPOF

RIV Capital Inc. (OTCPK:CNPOF) (CSE:RIV) and Etain, LLC have received approval from the New York State Office of Cannabis Management for an additional cultivation and manufacturing facility and a second facility for office space in Buffalo, New York. The new facility, expected to be operational by Q3 2024, will nearly double Etain's New York canopy footprint. RIV Capital's development partner has committed approximately $25.5 million to the development of the facility, and the company has committed $4.5 million.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 11:21 am

KAVL

Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) has been granted an additional 180 days by NASDAQ to regain compliance with the $1.00 minimum bid price rule requirement. The extension means Kaival Brands now has until January 29, 2024 to regain compliance. If the company fails to meet the requirement by the deadline, its common stock may be subject to delisting.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am

BROG

Brooge Renewable Energy Ltd (NASDAQ:BROG) has successfully completed the feasibility study for its Green Ammonia Project in Abu Dhabi, UAE. The project aims to establish a world-class export-focused green ammonia production facility with a capacity of 1950 Tons Per Day. The company is projected to solidify its lead in the green ammonia market by commissioning its approximately 685 Kilo Tons Per Annum green ammonia production. The project is expected to be commercially feasible with an attractive internal rate of return.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:20 am

SPY

Fitch Ratings has warned the U.S. Treasury about an upcoming Fitch committee, not about a potential downgrade of the U.S. credit rating.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:18 am

AAPL

Apple Inc. (NASDAQ:AAPL) has removed hundreds of ChatGPT-like apps from its Chinese App Store due to new regulations passed by the Chinese government regarding generative AI services and 'deep synthesis technologies'. This is not the first time Apple has purged its Chinese App Store, with previous removals in 2020 and earlier in July to comply with regulations on paid content and gaming respectively.

Portfolio Pulse from Rounak Jain

August 04, 2023 | 11:18 am

SPY

Fitch Ratings held meetings with the U.S. Treasury ahead of its decision to downgrade the U.S. credit rating, according to a Fitch director. The news does not provide further details about the content of these meetings or the potential implications of the downgrade.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:17 am

LEXX

LEXXW

Lexaria Bioscience Corp. plans to conduct a human clinical study to examine DehydraTECH-CBD for diabetes control and weight loss, following successful pre-clinical results. The study will be conducted at a medical research hospital in Europe, with further details to be released. The company hopes to determine the potential of DehydraTECH-CBD for the treatment of diabetes and its complications.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:16 am

LEA

Lear Corp has filed for a mixed shelf offering, according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:16 am

TSM

The expansion of Taiwan Semiconductor Manufacturing Company's (TSMC) fabs abroad may be hindered by strong labor unions in the US and Europe, according to sources at fab toolmakers.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:15 am

BABA

META

Alibaba Group Holding Limited (BABA) is focusing on unlocking shareholder value through organizational and management restructurings, and AI initiatives, including a collaboration with Meta Platforms Inc (META). However, the stock is trading lower due to concerns about China's economy and the impact of the People's Bank of China's support for the property sector on banking stocks. Alibaba's AI framework, HQTrack, and its 'Model as a Service' platform, ModelScope, are gaining traction. However, concerns about the Chinese economy and regulatory crackdowns on tech companies persist.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:13 am