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Regulatory

GAMB

North Carolina's Republican-controlled state House passed a bill banning transgender girls and women from participating in sports teams that align with their gender identity. The bill comes after the recent legalization of sports betting in the state, which is expected to generate over $100 million in tax revenue per year within five years.

Portfolio Pulse from Benzinga Newsbot

June 23, 2023 | 1:46 am

MRNA

Moderna has submitted an application to the FDA for authorization of its updated COVID-19 vaccine, designed to protect against the XBB.1.5 subvariant. The FDA advised vaccine manufacturers to target this subvariant in their fall vaccines, as it accounts for approximately 40% of U.S. cases.

Portfolio Pulse from Benzinga Newsbot

June 22, 2023 | 11:18 pm

GOOG

META

Meta Platforms Inc. (NASDAQ:META) announced it will cease news sharing on Facebook and Instagram in Canada prior to the Online News Act (Bill C-18) taking effect. The bill, which requires tech giants like Meta and Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google to negotiate compensation deals with news organizations, has been a point of contention.

Portfolio Pulse from Benzinga Newsbot

June 22, 2023 | 11:13 pm

TRUP

Trupanion Inc (NASDAQ:TRUP) shares are rising after California and New York approved the company's requested rate increases. California approved a 12% rate increase and New York approved an 18% rate increase. Trupanion expects to have 19.7% pricing action flowing through its book by the end of August and 21.6% by the end of September.

Portfolio Pulse from Adam Eckert

June 22, 2023 | 9:46 pm

ICPT

Intercept Pharmaceuticals received a Complete Response Letter (CRL) from the FDA for its New Drug Application (NDA) for obeticholic acid (OCA) as a treatment for pre-cirrhotic fibrosis due to NASH. The company will discontinue all NASH-related investment and restructure its operations to focus on rare and serious liver diseases.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:46 pm

TMKR

Tastemaker Acquisition Corp. (NASDAQ:TMKR) has announced the termination of its proposed business combination with Quality Gold, Inc. due to challenging market conditions. The SEC has not declared the S-4 registration statement for the business combination effective.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:31 pm

MMM

3M has entered a broad class resolution to support PFAS remediation for public water suppliers, with a commitment of up to $10.3 billion payable over 13 years.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:03 pm

LOV

Spark Networks SE received a notice from Nasdaq on June 21, denying the company's request for continued listing on the stock exchange.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:02 pm

GNLN

Greenlane Holdings (GNLN) has regained compliance with Nasdaq listing requirements, ensuring its continued listing on the stock exchange.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:02 pm

SKLZ

Skillz has announced a 1-for-20 reverse stock split, effective June 23, 2023, to return to compliance with the New York Stock Exchange continued listing standards. The split was authorized by Skillz stockholders at the Annual Meeting of Stockholders on June 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:01 pm