Streetbeat News

Regulatory

TSLA

Tesla has issued a recall for 15,869 Model S and Model X vehicles due to potential issues with front-row seat belts. Additionally, 1337 Model S, Model X, and Model Y vehicles have been recalled due to possible misalignment of the forward-facing camera.

Portfolio Pulse from Charles Gross

July 20, 2023 | 9:33 am

MSFT

VGK

German video conferencing provider Alfaview has filed an EU antitrust complaint against Microsoft, alleging that Microsoft's bundling of its Teams video app with its Office product gives it an unfair advantage.

Portfolio Pulse from Charles Gross

July 20, 2023 | 9:02 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc, is testing an AI-powered tool called 'Genesis' that can generate news articles. The tool is being pitched to major news organizations including The New York Times, The Washington Post, and News Corp. While the tool could revolutionize news production, concerns about the role of human journalists and the credibility of AI-generated information have been raised.

Portfolio Pulse from Benzinga Neuro

July 20, 2023 | 8:08 am

TSLA

Senator Elizabeth Warren has urged the U.S. Securities and Exchange Commission (SEC) to investigate Tesla Inc and its board of directors over possible conflicts of interest and misappropriation of corporate assets related to Elon Musk's $44-billion takeover of Twitter. Warren expressed concerns about the lack of independence of the Tesla board from CEO Musk and possible violations of securities laws and exchange rules due to incomplete disclosures.

Portfolio Pulse from Navdeep Yadav

July 20, 2023 | 7:52 am

EWJ

The Japanese government has cut its growth forecast and predicts inflation to exceed the Bank of Japan's target. This could impact the performance of the iShares MSCI Japan ETF (EWJ).

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 7:41 am

VGK

WEAT

The European Union's Foreign Policy Chief, Josep Borrell, has stated that Russia's withdrawal from a grain deal is causing a global food crisis.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 7:25 am

NFLX

Netflix Inc (NASDAQ:NFLX) plans to tackle password sharing in India by sending warning emails to customers, emphasizing that their accounts should be used only within one household. The company has already implemented password-sharing restrictions in over 100 countries. Netflix also offers an option for paying customers to add an extra member from outside their household for an additional monthly fee.

Portfolio Pulse from Shomik Sen Bhattacharjee

July 20, 2023 | 7:15 am

EWG

VGK

Germany's Producer Price Index (PPI) for June has decreased by 0.3%, which is better than the estimated decrease of 0.4%, but worse than the prior decrease of 1.4%.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 6:02 am

BPTS

Biophytis has requested a pre-submission meeting with the FDA for Emergency Use Authorization of Sarconeos (BIO101) for the treatment of COVID-19.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:48 am

HCM

HUTCHMED has received Breakthrough Therapy Designation (BTD) from China's National Medical Products Administration for the combination of fruquintinib and sintilimab for the treatment of patients with advanced endometrial cancer. The treatment is specifically for patients with pMMR1 tumors that have failed at least one line of platinum-based therapy.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:07 am