Streetbeat News

Regulatory

AIG

BRK-A

CB

The U.S. Budget Committee has sent letters to AIG, Berkshire Hathaway, Chubb, Liberty Mutual, Starr, State Farm, and Travelers, launching an investigation into their climate risk evaluation and support for fossil fuels.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 5:26 pm

GBLI

Global Indemnity Group's shares have been halted on code news pending, potentially affecting the stock price.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 4:27 pm

DWAC

Former President Donald Trump is facing federal criminal charges over the mishandling of classified documents while in office, marking the first time a former president has been indicted on criminal charges. The charges could impact the 2024 presidential election, with opponents reacting to the news. Trump's media company, Trump Media & Technology Group, which owns Truth Social, has a provision in place in the event Trump serves time in jail or prison.

Portfolio Pulse from Chris Katje

June 09, 2023 | 4:18 pm

GOOG

GOOGL

Google Cloud has submitted a complete OSCAL package for Department of Defense Impact Level 5 (ILF) to EMASS, aiming to enhance its security and compliance capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 4:04 pm

SIEN

TSLA

US stocks saw mixed performance on Friday, with the Dow down 0.07% and the NASDAQ and S&P 500 rising 0.17% and 0.06%, respectively. Tesla shares gained over 5% after Wedbush added the stock to its best ideas list and raised its price target. Sientra shares spiked 64% after announcing FDA clearance for its next-generation tissue expander.

Portfolio Pulse from Lisa Levin

June 09, 2023 | 4:03 pm

CRKN

Crown Electronic has received a Notice of Allowance for its U.S. patent titled 'TWO PARTICLE ELECTROPHORETIC LAMINATE FOR USE WITH SMART WINDOWS WITH REDUCED DIFFRACTION'. This patent will strengthen the company's intellectual property portfolio in the smart window technology sector.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 4:03 pm

TSLA

The White House announced that federal funding for electric vehicle (EV) chargers will be available for Tesla chargers, provided they also have a CCS connection.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 4:03 pm

ADAUSD

SOLUSD

IOG, the company behind Cardano (ADA), and the Solana Foundation (SOL) have rebutted the SEC's claims that their native tokens could be classified as securities. This follows the SEC's legal action against Binance and Coinbase, where ADA was named among other tokens considered as securities. The SEC's allegations have impacted the cryptocurrency market, with ADA witnessing a 3% decline within 24 hours.

Portfolio Pulse from Murtuza Merchant

June 09, 2023 | 3:45 pm

BTCUSD

TikTok influencer Denish Sahadevan has pleaded guilty to money laundering using cryptocurrency after fraudulently obtaining over $1.2 million in government relief loans. He used fake tax forms and bank statements to apply for loans and concealed the funds through securities and cryptocurrency trading. Sahadevan is awaiting sentencing and must pay $429,000 in restitution and forfeit his cash and Bitcoin holdings.

Portfolio Pulse from Shiv Singh Juneja

June 09, 2023 | 3:40 pm

SIEN

Sientra Inc's shares surged after the FDA granted a 510k-clearance to its AlloX2 Pro Tissue Expander. The AlloX2 Pro is MRI-conditional and offers minimal interference with radiation therapy, faster port filling and drainage, and enhanced patient comfort.

Portfolio Pulse from Vandana Singh

June 09, 2023 | 3:38 pm