Streetbeat News

Regulatory

TSLA

Concerns are rising among experts over Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's multiple ventures and their potential impact on Tesla. Questions about Musk’s multiple roles have also been raised by Sen. Elizabeth Warren, who recently urged the Securities and Exchange Commission (S.E.C.) to investigate Musk’s ties to Twitter and related corporate governance issues.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 3:05 am

ATVI

MSFT

The U.S. Federal Trade Commission (FTC) has agreed to pause its trial against the $69 billion acquisition of Activision Blizzard Inc. by Microsoft Corp. This decision marks a significant victory for both companies as they strive to finalize the largest-ever gaming deal amidst regulatory hurdles in the U.S. and the U.K. The companies can now attempt to convince the FTC’s commissioners to accept a settlement or drop their opposition to the deal.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 2:26 am

BGLC

DWAC

GFAI

SIRI

TSLA

US stocks traded mixed with the Nasdaq Composite falling nearly 250 points. Digital World Acquisition Corporation (DWAC) settled fraud charges with the SEC related to material misrepresentations made to investors. Guardforce AI (GFAI) announced a partnership with Concorde to provide automated security solutions in Singapore. Tesla (TSLA) reported quarterly record revenue of $24.93 billion. BioNexus Gene Lab (BGLC) announced the pricing of its Public Offering of 1,250,000 shares. Sirius XM (SIRI) shares surged on abnormally high volumes and were halted several times for volatility.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 1:29 am

EBS

Emergent BioSolutions has received US FDA approval for CYFENDUS, a two-dose anthrax vaccine for post-exposure prophylaxis use. The company has been delivering the vaccine to the U.S. Department of Health and Human Services since 2019 under pre-Emergency Use Authorization status.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:06 pm

DWAC

The merger between Donald Trump’s Trump Media & Technology Group and Digital World Acquisition Corporation (DWAC) has faced several delays. The U.S. Securities and Exchange Commission (SEC) has settled fraud charges against DWAC for misleading investors by failing to disclose prior discussions to acquire the Trump-led media company. The SEC and DWAC agreed on an $18 million penalty if the merger closes and a cease-and-desist order. DWAC shares are up 27.02% to $16.91 in after-hours trading.

Portfolio Pulse from Chris Katje

July 20, 2023 | 9:58 pm

BTCUSD

ETHUSD

House Republicans have introduced a new law, The Financial Innovation and Technology for the 21st Century Act, aimed at structuring the crypto market. The law could potentially impact the value of cryptocurrencies such as Bitcoin (BTCUSD) and Ethereum (ETHUSD).

Portfolio Pulse from Charles Gross

July 20, 2023 | 9:48 pm

PAYC

PRGS

Paycom Software confirmed that an unauthorized third party exploited a vulnerability in Progress Software's MOVEit file transfer software to download copies of files from the MOVEit server. This resulted in the exposure of data of certain Paycom clients and their employees, including personally identifiable information of less than 0.4% of all persons for whom the company stored client data during 2022.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:32 pm

DWAC

The Securities and Exchange Commission (SEC) has settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed merger with Trump Media & Technology Group Corp. (TMTG). DWAC has agreed to a cease-and-desist order and to pay an $18 million penalty if it closes a merger transaction.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 9:08 pm

DWAC

The Securities and Exchange Commission (SEC) has charged Digital World Acquisition Corp. (DWAC) for material misrepresentations. The SEC has also settled fraud charges against Digital World.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 8:57 pm

GOOGL

MSFT

US tech giants Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc. (NASDAQ:GOOGL), and OpenAI are set to publicly commit to AI safety measures at the request of the White House. The non-compulsory nature of these commitments highlights the limits of the Biden administration's influence in steering AI models away from potential misuse. The commitment document is expected to propose eight pledges centered around safety, security, and societal responsibility.

Portfolio Pulse from Michael Cohen

July 20, 2023 | 8:57 pm