Streetbeat News

Regulatory

FLJ

FLJ has received a notification from NASDAQ regarding a minimum bid price deficiency. This means that the company's stock has not met the minimum bid price requirement set by NASDAQ for a certain period of time.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 10:04 am

NVDA

Nvidia shares are trading lower due to reports of the U.S. planning to revise its export controls on AI chips, which could limit China's access to advanced technologies with military applications.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:54 am

HYMTF

The UK’s Advertising Standards Authority has ruled against Hyundai Motor (OTC:HYMTF) and Toyota Motor (NYSE:TM) over misleading EV charging speed ads. Both companies were challenged to substantiate the charging speeds advertised. The authority concluded that the ads failed to include important information about factors that could impact the advertised charging time, and the limited availability of the chargers used. The authority has instructed both companies to ensure their future ads do not mislead consumers about battery charging times.

Portfolio Pulse from Anan Ashraf

June 28, 2023 | 9:35 am

Aurora Mobile has received approval to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to be effective from March 1, 2021.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 9:00 am

GOOG

GOOGL

VGK

Google is reportedly having productive discussions with the European Union regarding AI regulation, according to the head of Google Cloud. The news was reported by CNBC.

Portfolio Pulse from Charles Gross

June 28, 2023 | 8:51 am

AAPL

META

Apple Inc. has opposed the Online Safety Bill under consideration in the UK Parliament, joining 80 organizations and technology experts. The bill would force messaging services to scan message contents for child sexual abuse material (CSAM), which Apple argues would put people at greater risk from data breaches and surveillance. The company's iMessage service uses end-to-end encryption, as do other popular messaging services like Meta Platforms Inc.-owned WhatsApp and Facebook Messenger, and Signal.

Portfolio Pulse from Rounak Jain

June 28, 2023 | 8:30 am

ABBV

GMAB

Abbvie and Genmab have announced the topline results from the follicular lymphoma cohort of the phase 1/2 EPCORE NHL-1 trial of Epcoritamab. The companies are planning to engage with regulatory authorities to discuss the next steps.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:12 am

AVAV

GIS

TOVX

UNF

General Mills, AeroVironment, UniFirst Corporation, Theriva Biologics, and Micron Technology are the stocks to watch on Wednesday. General Mills is expected to report quarterly earnings of $1.06 per share on revenue of $5.17 billion. AeroVironment reported downbeat earnings for its fourth quarter, while sales topped estimates. UniFirst Corporation is expected to have earned $1.79 per share on revenue of $564.18 million. Theriva Biologics received Orphan Drug Designation from the FDA for VCN-01 for the treatment of pancreatic cancer. Micron Technology is expected to post a quarterly loss at $1.57 per share on revenue of $3.67 billion.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 8:12 am

RETA

The FDA has approved the Prior Approval Supplement for Reata Pharmaceuticals' drug, Skyclarys (Omaveloxolone), for Friedreich's Ataxia in adults and adolescents. With this approval, Skyclarys is now available in the US.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 8:08 am

BABA

BIDU

NVDA

TCEHY

The US is considering updating export controls on AI chips to limit China's access to advanced technologies with military applications. This could impact companies like Nvidia Corp. Meanwhile, China is attracting billionaires to participate in the AI race, with companies like Tencent Holdings, Alibaba Group Holding, and Baidu Inc. successfully luring renowned entrepreneurs and engineers. China's AI sector is expected to spend an estimated $15 billion on AI technology this year.

Portfolio Pulse from Ananya Gairola

June 28, 2023 | 5:50 am