Streetbeat News

Regulatory

APLS

Apellis Pharmaceuticals announced that the overall real-world safety profile of Syfovre has been consistent with clinical studies since its approval in February. No cases of retinal vasculitis were reported in the pivotal Phase 3 studies of Syfovre.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 3:07 pm

GOOG

META

MSFT

NVDA

TSLA

Meta Platforms (NASDAQ:META) and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk are entering the AI landscape with their respective ventures, challenging the dominance of OpenAI, Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL)-owned Google. Meta is launching a commercial version of its open source AI mode, LLaMA, while Musk has launched his AI venture, xAI. Musk's venture is powered by Nvidia Corporation (NASDAQ:NVDA)-made GPU processors. Meta's new model is open-source, differing from Microsoft-backed OpenAI's approach.

Portfolio Pulse from Upwallstreet

July 17, 2023 | 3:06 pm

SPY

USO

VGK

Russia's Energy Ministry has announced that the country will reduce its oil exports by 2.1 million tons in Q3, which aligns with the planned cuts of 500,000 barrels per day in August.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:55 pm

FXI

SMH

SPY

The U.S. Semiconductor Industry Group has called for chip restrictions to be 'narrow and clearly defined, consistently applied, and fully coordinated with allies', according to a statement cited by Reuters.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:44 pm

SPY

VGK

UN Secretary General Guterres has stated that the UN will continue to facilitate unimpeded access to global markets for food and fertilizers from Ukraine and Russia.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:43 pm

TSLA

Senator Elizabeth Warren has urged the SEC to investigate Tesla and its board of directors over potential conflicts of interest and misappropriation of corporate assets related to CEO Elon Musk's takeover of Twitter. Warren expressed concerns over the lack of independence of Tesla's board from Musk and potential violations of securities laws. She also raised concerns about Musk's dual role at Twitter and Tesla, which could lead to conflicts of interest.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:42 pm

NNDM

SSYS

Nano Dimension Ltd. (NNDM) has received clearance from the Department of Justice's Hart-Scott-Rodino Antitrust Improvements Act for its special tender offer for Stratasys Ltd. (SSYS). This marks a significant step towards the completion of the tender offer, as no further regulatory review by U.S. antitrust authorities is required.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 2:41 pm

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