Streetbeat News

Regulatory

STSS

Sharps Technology has received approval from Nasdaq to maintain its listing, contingent on completing a reverse stock split to address a bid price deficiency. The company plans to execute the reverse split following an exception from the Nasdaq Hearings Panel.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:04 pm

VERA

Vera Therapeutics has completed enrollment for the primary endpoint in its Phase 3 ORIGIN 3 trial of atacicept for IgAN, with results expected in Q2 2025. The company will also present data from a Phase 2b trial in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:01 pm

REGN

SNY

Health Canada has expanded the approval of Sanofi and Regeneron's Dupixent for treating eosinophilic esophagitis in younger patients, aged 1 year and older, weighing at least 15 kg.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:38 am

COIN

Coinbase has launched Coinbase Wrapped BTC (cbBTC), an ERC20 token backed 1:1 by Bitcoin, to enhance Bitcoin's utility in the DeFi ecosystem. The token initially supports the Base and Ethereum networks, allowing users to access DeFi applications with Bitcoin holdings. This move could increase adoption and liquidity in DeFi, despite concerns about wrapped Bitcoin products.

Portfolio Pulse from Murtuza Merchant

September 12, 2024 | 11:16 am

LFCR

Lifecore Biomedical has received a written notice from the Nasdaq Listing Qualifications Department confirming that the company has regained compliance with the filing requirement as per Nasdaq Listing Rule.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:11 am

MRK

Health Canada has approved Merck's Keytruda for adult and pediatric patients with specific types of solid tumors that have progressed after prior treatment and have no satisfactory alternative options.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:03 am

SYTA

Siyata Mobile Inc. has received BIS certification for its SD7 handset battery and power supply, enabling sales in India through Consort Digital. This certification is expected to boost sales of Siyata's Push-to-Talk devices in the Indian market.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:01 am

VFS

The National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into VinFast Auto Ltd.'s VF8 vehicles due to complaints about the Lane Keep Assist system. The system reportedly activates in error, struggles to detect lanes, and provides improper steering inputs, potentially increasing crash risks. The investigation will determine if a safety issue exists in the 2023-2024 VF8 models.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 10:55 am

IEV

SPY

The European Central Bank (ECB) is expected to initiate global rate cuts, potentially influencing the U.S. Federal Reserve and other central banks. This move is anticipated to increase market volatility, with LPL Financial maintaining a neutral stance on equities. The SPDR S&P 500 ETF Trust (SPY) and iShares Europe ETF (IEV) showed slight gains in recent trading.

Portfolio Pulse from Shanthi Rexaline

September 12, 2024 | 8:54 am

NSC

Norfolk Southern has appointed Mark R. George as the new CEO after terminating Alan H. Shaw for policy violations. The company also terminated Nabanita Nag as Chief Legal Officer. Despite these changes, Norfolk Southern reaffirms its full-year 2024 guidance.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:20 am