Streetbeat News

Regulatory

SNAX

Stryve Foods, Inc. has regained full compliance with NASDAQ listing standards, potentially avoiding delisting.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:05 am

MDWD

VCEL

MediWound has delivered the first lot of NexoBrid to Vericel for the U.S. market in June 2023. However, due to a deviation with a third-party testing lab, Vericel is unable to release the product commercially. Both companies and the FDA are working to resolve the issue. Future manufacturing of NexoBrid will not be impacted as the test will be conducted by MediWound. Vericel expects to begin commercial sales of NexoBrid in Q1 2024. The FDA's evaluation will not affect the $3 million committed by BARDA for NexoBrid replacement.

Portfolio Pulse from Charles Gross

August 04, 2023 | 11:05 am

NKLA

Nikola Corporation (NASDAQ:NKLA) has surpassed 200 sales orders for its Class 8 Nikola hydrogen fuel cell electric vehicles, indicating growing industry confidence in zero-emissions transportation. The trucks, which have a range of up to 500 miles, have started series production and deliveries are expected to begin later this year. The California Air Resources Board's HVIP program and the New Jersey Zero-Emission Incentive Program have accelerated the sales orders. Nikola is also anticipating significant growth in Canada due to eligibility for the iMHZEV Program and the Clean BC Go Electric Rebates.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:04 am

CYBN

Cybin Inc. has initiated dosing in the final cohort of its Phase 2 study evaluating CYB003, a potential treatment for major depressive disorder. The first five cohorts have completed dosing with no serious adverse events. The company expects to report Phase 2 efficacy topline data later this year and prepare for data submission to the FDA for pivotal studies. Completion of CYB003 dosing in MDD cohorts is expected in Q3 2023, with topline efficacy data readout expected in Q3/Q4 2023.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:02 am

BTCUSD

Democratic presidential candidate Robert F. Kennedy Jr. has stated that Bitcoin may not be as harmful to the environment as some believe. He emphasized that environmental concerns should not limit the freedom to transact. Kennedy Jr. has invested in Bitcoin, buying two for each of his seven children. However, Tesla CEO Elon Musk has previously expressed concerns about the environmental impact of Bitcoin mining and transactions, leading to Tesla suspending vehicle purchases using Bitcoin in 2021.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 11:01 am

TOVX

Theriva Biologics has initiated patient dosing in the U.S. for its VIRAGE Phase 2B trial of VCN-01 in combination with chemotherapy as a first-line therapy for metastatic pancreatic ductal adenocarcinoma. The company expects to complete enrollment by Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:59 am

TOVX

Theriva Biologics (NYSE:TOVX) announced progress in VIRAGE, a Phase 2b clinical trial evaluating VCN-01 in combination with chemotherapy for metastatic pancreatic ductal adenocarcinoma. Patient dosing has begun in the U.S. and Spain, with the trial expected to be fully-enrolled by Q1 2024. The treatment has been well tolerated with a consistent safety profile.

Portfolio Pulse from Charles Gross

August 04, 2023 | 10:58 am

GME

IRDM

PSX

SBUX

TSLA

Key market headlines include Starbucks, Phillips 66, and Cathie Wood's investment in a payments software firm and Iridium stock. Crypto news highlights Binance's success in China and Microstrategy's plans to acquire more Bitcoin. In politics, Trump's NFT sales have surged following his indictment. Tech news includes Instagram's new feature to label AI-made posts. In the EV sector, Tesla faces regulatory scrutiny and potential harm from price cuts. Consumer news includes Toyota's US return, Uber's chatbot plan, and GameStop dropping crypto wallet support.

Portfolio Pulse from Akanksha Bakshi

August 04, 2023 | 10:52 am

GM

General Motors (GM) has issued a recall for approximately 900 older vehicles with Takata air bag inflators, following an airbag inflator rupture during a 2013 Chevrolet Camaro crash in Brazil. The recall includes 767 vehicles in the U.S., 101 in Canada, and 46 in other countries. Preliminary findings suggest a manufacturing defect as the cause of the rupture. GM shares are trading lower by 1.36% in premarket on Wednesday.

Portfolio Pulse from Shivani Kumaresan

August 04, 2023 | 10:45 am

BYDDF

FXI

INDA

Chinese carmaker BYD is under investigation by Indian tax authorities over allegations of underpayment of levies on imported electric vehicle (EV) parts. The investigation could potentially impact the company's operations in India.

Portfolio Pulse from Charles Gross

August 04, 2023 | 10:43 am