Streetbeat News

Regulatory

BBIG

Vinco Ventures, Inc. (NASDAQ:BBIG) announced receipt of a staff determination stating that the company failed to meet its obligations under Nasdaq Listing Rule 5810(b) due to not filing its Form 10-Q for the period ended March 31, 2023. The company is required to file updated information by May 25, 2023, and remains confident that it will file its 10-Q by July 7, 2023.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:36 pm

NKLA

Nikola Corp has received a written notice from Nasdaq stating that it is not in compliance with the minimum bid price requirements.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:25 pm

ZVSA

ZyVersa Therapeutics announces a publication in Frontiers in Medicine showing direct inflammasome activation in children with juvenile idiopathic arthritis (JIA). The research supports the potential of ZyVersa's Inflammasome ASC Inhibitor IC 100 for treating various inflammatory diseases.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 1:18 pm

AMZN

BABA

JD

Amazon plans to close its app store in China on July 17 and discontinue its Kindle e-book service in 2022. The company's shopping site, Amazon.cn, and other services like Amazon Global Selling, Amazon Global Store, and AWS will remain operational. Amazon's Appstore faced competition from local players like Alibaba and JD.com.

Portfolio Pulse from Anusuya Lahiri

May 25, 2023 | 1:05 pm

ABBV

AbbVie's upadacitinib (RINVOQ®) Phase 3 clinical trial results for Crohn's disease treatment have been published in the New England Journal of Medicine. The drug has been approved in Great Britain, Russia, UAE, the European Union, and the United States.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:47 pm

MBOT

Microbot Medical Inc. (NASDAQ:MBOT) announced that Lahey Hospital & Medical Center will be one of the U.S. sites for the first human trial of the LIBERTY Robotic Surgical System, a single-use endovascular robotic system. This marks a significant step towards regulatory approval and commercialization.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:44 pm

SPY

House Speaker McCarthy stated that there are still some outstanding issues, according to Reuters. The SPY ETF may be affected by this news.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:43 pm

CLVR

Clever Leaves Holdings Inc. (NASDAQ:CLVR) has entered into a five-year agreement with SOMAÍ Pharmaceuticals to supply EU-GMP certified CBD extracts from Colombia to SOMAÍ's operations in Portugal. The first shipments have been completed, and Clever Leaves will continue to supply pharmaceutical-grade APIs and CBD extracts for patients across Europe.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:42 pm

SPY

U.S. House Speaker Kevin McCarthy announced that negotiators have made progress on the debt ceiling issue, potentially averting a government default.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:39 pm

RNXT

RenovoRx (NASDAQ:RNXT) will present new secondary endpoint data from the Phase III TIGeR-PaC study of its lead product candidate RenovoGem at the 2023 ESMO World Congress on Gastrointestinal Cancer. The data includes progression-free survival in the treatment of locally advanced pancreatic cancer.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:37 pm