Streetbeat News

Regulatory

LEU

Centrus Energy is advocating for Congress to allocate $3.4 billion in funding towards American-made nuclear fuel technology to reduce dependency on Russian nuclear fuel. Centrus aims to expand its American Centrifuge Plant in Ohio to produce Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU) for current and next-generation reactors. This initiative requires a public-private partnership and federal investment.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:47 am

NVVE

Nuvve Holding Corp. has executed a 1-for-10 reverse stock split to regain compliance with Nasdaq's Bid Price Rule. The company has 652,727 shares outstanding and advises shareholders to protect their shares against market manipulation.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:41 am

ARQT

Arcutis Biotherapeutics announced positive results from Phase 3 trials of ZORYVE cream, showing consistent improvements in atopic dermatitis symptoms across diverse racial and skin type groups. The findings will be presented at the European Academy of Dermatology & Venereology Congress in 2024.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:35 am

JPM

TSLA

Elon Musk, CEO of Tesla, supports JPMorgan Chase CEO Jamie Dimon's views on border control, emphasizing the importance of controlling borders to prevent national destruction. Musk has been vocal about immigration issues, advocating for expedited legal immigration and criticizing the current U.S. immigration system.

Portfolio Pulse from Benzinga Neuro

September 25, 2024 | 5:45 am

BAC

BRK

Warren Buffett's Berkshire Hathaway has reduced its holdings in Bank of America by $863 million, bringing its stake closer to a 10% regulatory threshold. Despite the sale, Berkshire remains the largest shareholder with a $32.1 billion stake. Bank of America is expanding its retail banking presence with plans to open over 165 new financial centers by 2026.

Portfolio Pulse from Kaustubh Bagalkote

September 25, 2024 | 3:22 am

CRWD

MSFT

CrowdStrike faced scrutiny from lawmakers over a global outage caused by a software update, affecting industries worldwide. The company expressed regret and outlined measures to prevent future incidents. The outage impacted systems running Microsoft's Windows, with significant financial repercussions for Delta Air Lines.

Portfolio Pulse from Ananya Gairola

September 25, 2024 | 1:34 am

AIVI

BUZZ

Bridgewise, an Israeli AI startup, has received approval to launch a chatbot for stock-picking advice, partnering with Israel Discount Bank. This marks a new era of AI-powered retail investing. AI ETFs like VanEck Social Sentiment ETF and WisdomTree International AI Enhanced Value Fund are examples of AI-driven stock picking, though they currently underperform the S&P 500.

Portfolio Pulse from Stjepan Kalinic

September 24, 2024 | 10:26 pm

AMGN

Amgen reports positive results from a Phase 3 trial of TEPEZZA for chronic TED, with significant improvement in proptosis. A second trial is ongoing in Japan.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:45 pm

DASH

UBER

A U.S. judge has ruled that a New York City law requiring food delivery companies to share customer data with restaurants is unconstitutional, citing a violation of the First Amendment.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:27 pm