Streetbeat News

Regulatory

FXI

SPY

VGK

According to Reuters citing Tass, a Kremlin adviser has stated that Russian President Vladimir Putin has been invited to visit China and intends to go in October.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:33 pm

AAPL

EWQ

Apple Inc has stated that its mechanism provides users with more control by requiring all apps to ask for permission before tracking them.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:23 pm

AAPL

EWQ

Apple Inc has stated that it will continue to engage constructively with the French anti-trust watchdog following objections over iPhone advertising data use.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:22 pm

RTX

RTX Corporation reported Q2 FY23 sales growth of 12% YoY to $18.32 billion, beating the consensus of $17.68 billion. Adjusted EPS improved 11% YoY to $1.29, beating the consensus of $1.18. The company repurchased $596 million of RTX shares. However, RTX shares are trading down by 13.75% at $83.67 due to a rare condition in powder metal used to manufacture certain engine parts that will require accelerated fleet inspection.

Portfolio Pulse from Akanksha Bakshi

July 25, 2023 | 3:21 pm

MSFT

PCG

Schneider Electric and Pacific Gas and Electric Company (PG&E) have announced the deployment of a distributed energy resource management system (DERMS) on Microsoft Azure. The cloud-based platform will help maintain grid reliability and accelerate the adoption of distributed energy resources (DER) such as electric vehicles, energy storage, and rooftop solar. The system provides greater visibility into DER behavior and allows for more proactive management to keep the grid safe, secure, and resilient.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 3:14 pm

AAPL

EWQ

The French Anti-Trust Watchdog has sent a statement of objections to Apple over concerns about its advertising practices. The investigation found that Apple used discriminatory, non-transparent, and non-objective conditions for advertising.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:54 pm

ABVC

ABVC Biopharma Inc announced a 1-for-10 reverse stock split to regain compliance with Nasdaq's listing rules. The split aims to decrease outstanding shares, increase the market price and attract a broader investor base. The company's shares are trading higher by 3.21% to $4.03 after the announcement.

Portfolio Pulse from Henry Khederian

July 25, 2023 | 2:50 pm

BFRG

Bullfrog AI Holdings Inc (NASDAQ:BFRG) shares surged after the company announced the issuance of a patent for novel prodrugs of mebendazole for cancer treatment. The patent, granted by the US Patent and Trademark Office, strengthens the company's intellectual property protection. Bullfrog AI licensed the intellectual property from Johns Hopkins University in October 2022, which allowed the company to commercialize prodrugs of mebendazole.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 2:49 pm

ARGT

EWZ

F

Ford officials have been in Argentina and Brazil to hold talks with the respective governments, according to Bloomberg. The details of the discussions were not disclosed.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:41 pm

AAPL

EWQ

The French Antitrust Arm has filed a statement of objection against Apple, according to Reuters. The details of the objection are not specified in the news.

Portfolio Pulse from Happy Mohamed

July 25, 2023 | 2:40 pm