Streetbeat News

Regulatory

TSLA

VWAGY

Electrify America, a subsidiary of Volkswagen Group, has announced plans to add the North American Charging Standard connector to its network by 2025. The company will continue to support the CCS-1 connector standard throughout its network.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:33 pm

FTAI

FTAI Infrastructure has announced in an SEC filing that it expects to generate increasing annual adjusted EBITDA over time.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:14 pm

SPY

The U.S. Federal Trade Commission (FTC) has expressed concerns over generative AI, stating that it could potentially raise competition concerns. The FTC's Competition Bureau is working to ensure open and fair competition in this area.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:12 pm

BTCUSD

ETHUSD

SPY

The North Carolina House has passed a bill to initiate a study on the potential inclusion of cryptocurrencies within the state treasury. The bill, House Bill 721, tasks the North Carolina State Treasury Department with investigating the acquisition, storage, and utilization of investments involving metal bullion and virtual currencies such as bitcoin. If passed, the Treasury must consider how investments in virtual currencies could be used to hedge against inflation and systemic credit risks, reduce overall portfolio volatility, and increase portfolio returns over time.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:03 pm

MNST

Monster Beverage Corporation is reportedly close to acquiring bankrupt energy drink company Bang Energy for $362 million. However, the deal is under review by the Federal Trade Commission (FTC), which could potentially jeopardize the acquisition.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:02 pm

LYFT

UBER

Uber and Lyft shares are trading lower after the California Supreme Court agreed to hear an appeal to Prop 22.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:55 pm

SPY

VGK

The U.S. is reportedly close to approving a long-range missile system for Ukraine, which could potentially shift the tide of Kyiv’s fight against Russian invaders in its favor, according to U.S. and European officials.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 3:51 pm

SRPT

Sarepta Therapeutics' CEO appeared on CNBC to discuss the FDA approval of their new therapy. This approval could potentially boost the company's market position and stock value.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 3:48 pm

AMZN

PG

The article discusses the potential of large consumer packaged goods (CPG) companies like Amazon (AMZN), Nestlé (NSRGF), and Procter & Gamble (PG) to revive struggling cannabis businesses. The cannabis industry faces challenges such as regulatory uncertainty, banking limitations, oversupply, and fragmented markets. These CPG companies, with their expertise in regulations, supply chain management, and product development, could acquire struggling cannabis companies and bring stability, innovation, and scalability to the industry.

Portfolio Pulse from Nicolás Jose Rodriguez

June 29, 2023 | 3:48 pm

EWC

FXI

The Alberta government has ended its partnership with a Chinese private equity fund. The decision could potentially impact the trade relations between Alberta and China.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 3:47 pm