Streetbeat News

Regulatory

AMD

INTC

NVDA

SMH

The US government is considering implementing new restrictions on the export of AI chips to China, according to a report by the Wall Street Journal. This could potentially impact US-based chip manufacturers such as AMD, Intel, and Nvidia.

Portfolio Pulse from Bill Haddad

June 27, 2023 | 11:05 pm

FTHWF

PHRRF

PharmaTher Holdings Ltd. has filed a pre-submission facility correspondence for its novel racemic ketamine KETARX to the FDA, aiming for an expedited review. The company expects KETARX approval in Q1 2024 and a U.S. commercial launch in Q2 2024. Meanwhile, mental healthcare treatment provider Stella has acquired Field Trip’s U.S. assets to expand its treatment offerings. The acquisition will allow Stella to assume operations of Field Trip clinics in New York and Washington D.C.

Portfolio Pulse from Lara Goldstein

June 27, 2023 | 10:05 pm

SEMR

An analysis by SEMRush (NYSE:SEMR) reveals a shift in America's search habits towards psychedelics and cannabis as legislation eases and perceptions change. The most searched psychedelics-related terms include ayahuasca, shrooms, and psilocybin. Searches for shroom candy bars have surged by 28,900%. In the realm of cannabis, 'sativa,' 'wedding cake strain,' and 'indica' are the most searched terms. The data also shows a need for robust education and responsible usage due to the rise in searches for 'how long does cannabis induced psychosis last' and 'cannabis hyperemesis syndrome'.

Portfolio Pulse from Javier Hasse

June 27, 2023 | 9:37 pm

ATVI

MSFT

SGAMY

Internal documents in the ongoing legal battle between the FTC and Microsoft over the acquisition of Activision Blizzard have revealed Xbox's interest in acquiring Sega Sammy Holdings. The documents outline strategic recommendations to address Xbox's content gaps in mobile development, with a focus on acquiring franchises with strong communities and deep engagement. Other developers Xbox considered buying include Thunderful, Supergiant Games, Niantic, Playrix, Zynga, Bungie, IO Interactive, and Scopely.

Portfolio Pulse from Franca Quarneti

June 27, 2023 | 8:54 pm

GOOG

GOOGL

A study by Adalytics has found that Google violated its own standards in ad deals for third-party sites about 80% of the time. The research suggests that Google's practices may not be as transparent or fair as they claim to be.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 8:49 pm

GOOG

GOOGL

Google has refuted claims made in the Adalytics report, stating that it contains many inaccuracies. The company maintains that it has strict policies for its video ad program and has promised that video ads will run with audio on, and brands will only pay for ads that aren't skipped.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 8:49 pm

BNMV

BitNile Metaverse Inc has received a letter from Nasdaq stating that the company has violated Nasdaq's voting rights rule set forth in Listing Rule 5640.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 8:42 pm

COMS

COMSovereign Holding Corp. has received a notice of delisting or failure to satisfy a continued listing rule or standard from Nasdaq on June 21.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 8:29 pm

CMCSA

CSCO

President Biden's administration will distribute $42 billion across the 50 states to provide high-speed internet access to all American households by 2030. The funds were allocated by Congress as part of the Bipartisan Infrastructure Law. States with more residents without internet, like Georgia, Kentucky, and Florida, will receive large portions of the funds. Texas will receive the most, over $1.8 billion. Internet service providers Comcast Corp (NASDAQ:CMCSA), Cisco Systems Inc (NASDAQ:CSCO), and AT&T Inc (NYSE:T) saw their stocks rise following the announcement.

Portfolio Pulse from Aaron Bry

June 27, 2023 | 8:16 pm

TOVX

Theriva Biologics has announced that the FDA has granted orphan drug designation for its pancreatic cancer drug. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 8:13 pm