Streetbeat News

Regulatory

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Two US senators have proposed legislation to bar the Federal Aviation Administration (FAA) from using Chinese-made drones, citing national security concerns.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 6:27 pm

AMZN

Amazon has released a statement supporting federal cannabis policy reform and advocating for equitable workplaces. The company has updated its position on pre-employment cannabis testing, SAFE banking, federal marijuana legalization, and expungement, while maintaining a zero-tolerance policy for impairment while working.

Portfolio Pulse from Maureen Meehan

June 08, 2023 | 6:04 pm

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LH

The FDA is preparing to increase regulation on lab-developed tests used to detect cancer, measure cholesterol, and identify other health issues. This move may face opposition from the $10 billion industry, including companies like Laboratory Corporation Of America Holdings (LH) and Quest Diagnostics Inc (DGX).

Portfolio Pulse from Vandana Singh

June 08, 2023 | 6:00 pm

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SPY

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Israeli PM Netanyahu informed U.S. Secretary Antony Blinken that Israel opposes returning to the agreement with Iran and will not be obligated by any agreement, vowing to defend itself.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:52 pm

COIN

Messari founder Ryan Selkis has established a new advocacy group called @DFA2024 to challenge the skepticism surrounding the cryptocurrency sector and promote positive narratives. This comes after the SEC's recent actions against Binance and Coinbase Global Inc.

Portfolio Pulse from Murtuza Merchant

June 08, 2023 | 5:42 pm

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The White House has denied a report claiming that Iran and the United States are nearing a deal on Iranian uranium enrichment and sanctions relief.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 5:38 pm

RCEL

Avita Medical announced FDA approval of RECELL for the treatment of full-thickness skin defects, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 5:31 pm

SPY

President Biden plans to continue pushing for tax reforms aimed at reducing the deficit by closing loopholes and raising revenue from wealthy Americans and large corporations.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 5:14 pm

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The US solar industry installed 6.1 GW of solar capacity in Q1, marking its best first quarter in history. The growth was driven by decreasing supply chain challenges and delayed projects moving forward. The Inflation Reduction Act (IRA) is expected to triple the solar market size over the next five years, with domestic module capacity rising from under 9 GW to over 60 GW by 2026.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 5:09 pm

BNBUSD

US Senators Elizabeth Warren and Chris Van Hollen have urged the Department of Justice to investigate allegations that Binance Holdings Ltd. may have been dishonest about its operations and structure in communications with lawmakers. The concerns were raised following a recent SEC complaint alleging that Binance's global operations and Binance.US were not as autonomous as the company had previously claimed.

Portfolio Pulse from Murtuza Merchant

June 08, 2023 | 5:08 pm