Streetbeat News

Regulatory

TLT

US Treasury yields are experiencing heavy volatility due to the ongoing debt ceiling negotiations, with less than a week until the government risks running out of money. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 3% last week, retracing to around $100 per unit.

Portfolio Pulse from Piero Cingari

May 23, 2023 | 12:56 pm

TSLA

Reliance Jio, India's telecom giant, is reportedly in early talks with Tesla about building a private network for Tesla's operations, contingent on Tesla confirming plans to establish a manufacturing unit in India. The private network would manage critical operations, connected car solutions, and production automation.

Portfolio Pulse from Shomik Sen Bhattacharjee

May 23, 2023 | 12:50 pm

PIXY

ShiftPixy has filed for a stock shelf offering with the SEC, but the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:40 pm

GM

MVST

Microvast Holdings (NASDAQ:MVST) stock is trading lower following reports that the U.S. Department of Energy (DOE) canceled contract negotiations for a potential $200 million award. This comes after Microvast and General Motors (NYSE:GM) received a $200 million grant from the DOE in late 2022.

Portfolio Pulse from Adam Eckert

May 23, 2023 | 12:40 pm

IDAI

Trust Stamp has received a Notice of Allowance for a new US patent related to its AI-based biometric authentication technology. The patent will strengthen the company's intellectual property portfolio and enhance its competitive position in the market.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:33 pm

OCEA

Ocean Biomedical announced a patent award for its novel cancer immunotherapy treatment, covering various types of cancer. This news has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:27 pm

SHPH

Shuttle Pharmaceuticals' shares are trading higher after being granted U.S. patent #11654157 for methods and compositions for cancer therapies, including delivery of halogenated thymidines and thymidine phosphorylase inhibitors in combination with radiation.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:21 pm

MVST

Microvast shares are trading lower after the US Energy Department cancelled contract negotiations for a $200 million award for the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:14 pm

SHPH

Shuttle Pharmaceuticals has been granted U.S. Patent #11654157 for methods and formulations in cancer therapies that include delivery of halogenated thymidines and thymidine phosphorylase inhibitors in combination with radiation. The patent covers treatment of cancer and neoplastic diseases in conjunction with radiation therapy.

Portfolio Pulse from Charles Gross

May 23, 2023 | 12:14 pm

AORT

BAX

Artivion has secured FDA PMA approval for PerClot and will transfer the PMA to Baxter. Artivion will receive a milestone payment of $18.75 million, with $4.5 million paid to its former partner Starch Medical, Inc.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 12:07 pm