Streetbeat News

Regulatory

FXI

SMH

SPY

The U.S.-based Semiconductor Industry Association (SIA) has urged the Biden administration to avoid imposing further restrictions on U.S. chip sales to China, according to a statement cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:39 pm

QLI

Qilian International Holding Group Ltd (NASDAQ:QLI), a China-based pharmaceutical and chemical products manufacturer, has received a notification from Nasdaq regarding a minimum bid price deficiency. The company's shares have not met the minimum bid price of $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rules. Qilian has until January 9, 2024, to regain compliance or face potential delisting. The company's operations are not affected by this notification and it may consider options such as a reverse share split to regain compliance.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:31 pm

WAVD

WaveDancer Inc has been notified by Nasdaq that the company has not submitted a plan of compliance related to the minimum stockholders' equity requirement.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:31 pm

BKI

CNSWF

ICE

Intercontinental Exchange Inc (ICE) and Black Knight Inc (BKI) have agreed to sell Black Knight's Optimal Blue business to a subsidiary of Constellation Software Inc (CNSWF) for $700 million. This is part of efforts to secure regulatory clearance for ICE's proposed acquisition of Black Knight. The divestiture transaction is subject to the closing of ICE's acquisition of Black Knight. ICE shares are trading lower by 1.11% at $116.26 and BKI higher by 14.09% at $69.89.

Portfolio Pulse from Akanksha Bakshi

July 17, 2023 | 2:19 pm

LLY

Eli Lilly has presented the results from its Phase 3 trial of Donanemab at the Alzheimer's Association Conference. The study showed that Donanemab significantly slowed cognitive and functional decline in people with early symptomatic Alzheimer's disease.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:16 pm

NABZY

National Australia Bank Ltd. (OTC:NABZY) has imposed restrictions on payments to certain 'high-risk' crypto exchanges due to concerns over scams. This move aligns with other major Australian firms that have also limited access to digital asset platforms. The bank claims crypto scams cost Australians A$221 million ($151 million) in the previous year. The specific crypto exchanges affected by this decision have not been disclosed.

Portfolio Pulse from Murtuza Merchant

July 17, 2023 | 2:15 pm

CORN

SOYB

SPY

VGK

WEAT

Russia has informed the UN shipping agency IMO that the termination of the Black Sea grain deal will result in the revocation of 'guarantees for safety of navigation' issued by Russia. This could potentially disrupt grain shipments, affecting related ETFs.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:15 pm

AAPL

AMZN

GOOGL

MSFT

US House Judiciary Chair Jim Jordan has requested Meta CEO Mark Zuckerberg to provide documents about content moderation on Threads, Meta's new product. This is part of an ongoing investigation into tech platforms' policies and their interaction with the Biden administration. The request indicates increased scrutiny on Meta's new product, which competes directly with Twitter. The investigation also extends to Amazon, Apple, Google, and Microsoft.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:04 pm

CORN

SOYB

SPY

VGK

WEAT

The White House has urged Russia to reverse its decision to suspend a Black Sea grain deal, stating that it will worsen food security and harm millions. This decision could potentially impact the prices of commodities and related ETFs.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 1:58 pm

ATVI

MSFT

Microsoft Corp. and the UK's Competition and Markets Authority (CMA) have requested a court pause to consider modifications to the proposed $69 billion acquisition of Activision Blizzard Inc. The CMA has agreed to give Microsoft a second chance to adjust the deal to address competition concerns.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 1:53 pm