Streetbeat News

Regulatory

SPY

President Biden announced he spoke with governors of states affected by Hurricane Helene, which has resulted in 100 deaths and 600 missing persons. He plans to visit the affected areas later this week.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:16 pm

ACB

CGC

CRON

GRWG

IGC

IMCC

OGI

SNDL

TLRY

Cannabis stocks are experiencing a surge in trading following a report that Vice President Harris is advocating for the legalization of marijuana.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:16 pm

GM

The National Highway Traffic Safety Administration (NHTSA) has fined General Motors' self-driving unit, Cruise, $1.5 million for not fully reporting a crash involving a pedestrian. This incident highlights regulatory challenges and potential reputational risks for GM's autonomous vehicle initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:05 pm

CVX

HES

The Federal Trade Commission (FTC) has approved Chevron's $53 billion acquisition of Hess Corporation. This decision allows Chevron to proceed with the acquisition, potentially impacting the oil and gas industry landscape.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:02 pm

FXI

SPY

Beijing has adjusted the down payment ratio for first-time home buyers to no less than 15% and for second-home buyers to no less than 20%, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:44 pm

AUD

The FCC has approved the transfer of radio station licenses, allowing Audacy to emerge from bankruptcy. This decision is a significant step for Audacy as it restructures its financial obligations.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:41 pm

FXI

Beijing has announced adjustments to its home purchase policies, which could impact the real estate market and related sectors. This move is part of China's broader efforts to stabilize the housing market.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:40 pm

CVX

HES

The FTC has issued a consent order preventing John Hess, CEO of Hess Corporation, from joining Chevron's board following Chevron's acquisition of Hess. This move is part of regulatory measures to ensure fair competition.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:35 pm

VICR

Vicor Corp announced that the U.S. ITC issued an Initial Determination of a Section 337 violation regarding the importation of certain power converter modules and computing systems that infringe on Vicor's patents. The ITC may issue exclusion and cease and desist orders.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:33 pm

EIS

ISRA

Israeli Prime Minister Benjamin Netanyahu emphasized Israel's military reach across the Middle East, while criticizing Iran's government for escalating regional conflict. He expressed optimism about Iran's future freedom.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:33 pm