Streetbeat News

Regulatory

VSAT

The company and its reflector provider are conducting a rigorous review of development. The article mentions VSAT.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:41 pm

GTBIF

The International Brotherhood of Teamsters filed a complaint alleging that the Professional Technical Union, Local 33 (Pro-Tech 33) is not a bona fide labor organization. The California Agricultural Labor Relations Board (ALRB) ruled in favor of the Teamsters, declaring that any labor peace agreements with ProTech 33 are null and void. This could lead to cannabis companies that signed agreements with ProTech 33 losing their licenses. The Teamsters have been active in the cannabis industry, with recent activities involving Justice Cannabis Company, Growpacker, Amuse, and Green Thumb Industries (OTCQX:GTBIF).

Portfolio Pulse from Vuk Zdinjak

July 12, 2023 | 8:31 pm

PLNHF

Cannabis lounges are emerging as unique establishments for legal marijuana consumption in a social setting, with states like California, Alaska, New York, and Colorado joining Illinois, Michigan, New Mexico, and Nevada in embracing this concept. These lounges contribute to job creation, generate tax revenue, stimulate local economies, and can lead to increased real estate activity. Planet 13 Holdings Inc. (OTCQX:PLNHF) recently announced the return of Cannabition in Las Vegas, with a first-of-its-kind consumption lounge.

Portfolio Pulse from Joana Scopel

July 12, 2023 | 8:24 pm

BALY

Bally's Corporation has signed a multi-year live dealer agreement with Stakelogic, following the passage of the Rhode Island iGaming bill. This extends Bally's role as the sole active casino operator in the state to now include iGaming. Bally's plans to offer popular online live casino games such as Blackjack, Roulette and Baccarat in Rhode Island starting from April 2024.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 8:18 pm

LPSN

QCOM

Benzinga is hosting a 'Future of AI' webinar featuring industry leaders including Cristiano Amon, CEO of Qualcomm Inc, and Rob Locascio, CEO of LivePerson Inc. The webinar will discuss the opportunities and future of AI in various industries, with a focus on generative AI, hybrid AI architecture, and AI's role in enhancing smartphone experiences, financial management, and customer service.

Portfolio Pulse from Michael Cohen

July 12, 2023 | 7:58 pm

CEI

Camber Energy Inc's (CEI) shares are trading higher on abnormally high volume amid increased retail investor attention. The company's shares are down more than 94% over the last year and more than 40% in the last three months. Last month, NYSE American accepted the company's business plan to regain compliance with the exchange's continued listing requirements. The stock is seeing increased message volume across social media platforms. In December, the SEC brought charges against eight individuals in a $100 million securities fraud scheme in which they used Twitter to manipulate stock prices, including Camber Energy's.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 7:52 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) is trading lower by 1.6% due to a shift in investor risk perception following a lighter-than-expected June inflation report. Lower inflation may create doubts about the long-term stability and adoption of cryptocurrencies, further impacting the price of Shiba Inu.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 7:44 pm

INPX

Inpixon has been granted a European patent #3711392 for a 'Method and Device for Position Determination' which is intended for use in augmented reality in retail environments.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 7:34 pm

PLNHF

Nearly 2700 applicants are vying for 55 new cannabis shop licenses in Illinois, with only three out of 192 licensees commencing operations so far. Montana is planning to eradicate synthetic marijuana and intoxicating hemp products, citing health risks to children. In Maryland, restrictions are being imposed on where marijuana can be sold. Proposals for cannabis lounges in Washoe County, Nevada were rejected, affecting companies like Sol Cannabis, MM Development Company (Planet 13 Holdings Inc.), and Cheyenne Medical Sammy Davis (Thrive Cannabis Marketplace).

Portfolio Pulse from Jelena Martinovic

July 12, 2023 | 7:32 pm

SPY

VGK

Russia has announced its plans to continue strengthening its military and defense capabilities. The impact on US-listed ETFs like SPY and VGK is uncertain.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 7:25 pm