Streetbeat News

Regulatory

EVGN

Lavie Bio has secured Canadian regulatory approval for Thrivus, a bio-inoculant seed treatment that increases Hard Red Spring Wheat production by improving soil nutrient availability and efficiency, mitigating environmental stresses, and enhancing production in sub-optimal areas.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 11:16 am

DIS

SHEL

Verra's CEO David Antonioli has resigned following allegations that the organization approved millions of worthless carbon offsets used by major companies like Disney, Shell, and Gucci. The offsets were found to be largely worthless and could potentially worsen global warming. This has prompted calls for reform in the unregulated system.

Portfolio Pulse from Aveek Bhowmik

May 24, 2023 | 11:02 am

AAPL

AMZN

META

Meta Platforms, Inc (NYSE:META) lost a lawsuit with EU regulators who ordered vast amounts of data to build an antitrust case against the company. The EU General Court ruled that Meta failed to prove the request was unnecessary. This comes after Meta was recently hit with a record $1.3B penalty for data privacy violation.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 11:00 am

MU

NVDA

TSM

Nvidia CEO Jensen Huang warns that the US semiconductor chip embargo with China could cause immense damage to the US tech industry. He highlights the importance of the Chinese market for companies like Nvidia and the potential repercussions of further trade restrictions. China's ban on Micron Technology products is seen as retaliation against the embargo.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 10:55 am

AAPL

NVDA

QQQ

SPY

Stock futures signal a weak open ahead of FOMC minutes and Treasury Secretary Janet Yellen's speech. Analyst Louis Navellier sees two factors that could provide a 'spark to lift' markets: positive news from the technology sector and potential interest rate cuts by the Federal Reserve. Major US indices experienced declines on Tuesday, while stock futures point to a modestly lower opening on Wednesday.

Portfolio Pulse from Shanthi Rexaline

May 24, 2023 | 10:39 am

SPY

The White House and Republicans are expected to resume debt talks on Wednesday, according to Bloomberg. This may impact the SPY ETF.

Portfolio Pulse from Charles Gross

May 24, 2023 | 10:19 am

ERIC

Nasdaq Stockholm has closed its review of Ericsson's (NASDAQ:ERIC) 2019 Iraq internal investigation report, stating that the content of the report would not have influenced a reasonable investor's decision.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 8:47 am

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai agrees with OpenAI CEO Sam Altman and Elon Musk on the need for AI regulation. Pichai emphasized the importance of policy frameworks and international cooperation between the U.S. and Europe to create robust regulations based on shared values.

Portfolio Pulse from Ananya Gairola

May 24, 2023 | 7:41 am

TSLA

Twitter opened its platform to cannabis advertising in March, but several months later, cannabis companies are struggling to benefit from the platform's vast reach due to strict rules and regulations. Twitter requires advertisers to be Twitter Blue or Verified Organization subscribers, which costs $1,000 a month, making it difficult for small cannabis businesses to afford.

Portfolio Pulse from Maureen Meehan

May 24, 2023 | 4:32 am

F

Ford Motor Co has decided to include AM radio in all 2024 Ford and Lincoln Motor models after speaking with policy leaders about the importance of AM broadcast radio as a part of the emergency alert system. Automakers have been excluding AM radio from their electric vehicles due to concerns about potential electromagnetic interference with the EV powertrain.

Portfolio Pulse from Aveek Bhowmik

May 24, 2023 | 4:07 am