Streetbeat News

Regulatory

META

Meta Platforms Inc. has lowered the minimum age requirement for its Quest VR headset from 13 to 10, sparking debates over child development, online safety, and parental supervision. Parent approval will be mandatory for creating a kid's account, and only age-appropriate and safe apps will be recommended.

Portfolio Pulse from Ananya Gairola

June 17, 2023 | 6:19 am

GOOG

MSFT

TSLA

China's President Xi Jinping reportedly expressed willingness to embrace US AI technology, such as Microsoft's, during a discussion with Bill Gates. This comes amid global calls for stricter AI regulations and concerns over China gaining a competitive edge in the field.

Portfolio Pulse from Ananya Gairola

June 17, 2023 | 2:42 am

CJJD

China Jo-Jo Drugstores (NASDAQ:CJJD) received a notification from Nasdaq for not complying with the minimum bid price requirement of $1.00 for 30 consecutive trading days. The notification has no immediate effect on the listing of the company's ordinary shares on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:32 pm

F

GM

LCID

RIVN

TM

TSLA

Florida Governor Ron DeSantis signed House Bill 637, banning automakers from using direct-to-consumer (DTC) sales methods if they don't already have this process in place. The law benefits Tesla, Rivian, and Lucid Group, which can continue using DTC models, while traditional automakers like General Motors, Ford, and Toyota Motors may be negatively impacted.

Portfolio Pulse from Chris Katje

June 16, 2023 | 8:30 pm

NFLX

CNN's Anderson Cooper will feature an episode on magic mushrooms and their potential therapeutic benefits in his upcoming show 'The Whole Story.' The episode will air on Sunday, June 18, and will explore psilocybin's potential as a treatment for various conditions, including depression, anxiety, and substance abuse.

Portfolio Pulse from Lara Goldstein

June 16, 2023 | 8:23 pm

IOVA

Iovance Biotherapeutics Inc has filed for a mixed shelf offering with the SEC, but the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:13 pm

BABA

Alibaba Group Holding Ltd (NYSE:BABA) shares are trading higher by 6% for the week, following China's central bank cutting the borrowing cost of its medium-term policy loans. This move is part of Beijing's intensified stimulus efforts to stabilize the uncertain economic recovery.

Portfolio Pulse from Henry Khederian

June 16, 2023 | 8:01 pm

ADBE

ADM

CAVA

The S&P 500 gained this week as the Fed paused interest rate hikes for the first time in 15 months. AMD disappointed with its AI chip launch, while Adobe beat all expectations. Cava debuted on the NYSE, raising $318 million in one of the year's largest IPOs.

Portfolio Pulse from Natan Ponieman

June 16, 2023 | 8:01 pm

SCWO

Shares of 374Water, a clean technology company, were halted on a circuit breaker to the upside, indicating a significant increase in the stock price.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 7:53 pm

CYAN

Cyanotech Corp has received a letter from Nasdaq on June 15, notifying the company that it has regained compliance with Listing Rule 5550(A)(2).

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 7:50 pm