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Regulatory

SPAI

Safe Pro Group Inc. (NASDAQ:SPAI) shares rose after receiving a Notice of Allowance from the USPTO for their SpotlightAI technology, which uses machine learning to detect explosives. The company is also seeking global patent protection.

Portfolio Pulse from Dylan Berman

September 18, 2024 | 3:59 pm

ABT

AXP

BAC

BLK

COF

CZR

FTNT

JPM

MAR

MMM

NEM

NVDA

ORCL

SBUX

SCHW

SPY

TXN

The upcoming Federal Open Market Committee decision on interest rates is causing market anticipation, with a potential rate cut expected. The SPDR S&P 500 ETF Trust (SPY) and several S&P 500 stocks, including Caesars Entertainment (CZR), Nvidia (NVDA), and others, are likely to experience significant movements based on the rate cut's magnitude.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 3:58 pm

MGRC

WSC

WillScot Holdings Corporation and McGrath RentCorp have terminated their merger due to regulatory challenges. Both companies are now focusing on stock buybacks, with McGrath increasing its repurchase plan to 2 million shares and WillScot expanding its program to $1 billion.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 3:36 pm

PYPL

Revolut, a London-based fintech company, is planning to launch its own stablecoin as part of its mission to enhance cryptocurrency offerings. The stablecoin market is currently dominated by Tether, with new entrants like PayPal and Ripple. Revolut aims to become a leading provider of crypto asset services.

Portfolio Pulse from Murtuza Merchant

September 18, 2024 | 3:35 pm

GME

GameStop CEO Ryan Cohen has agreed to pay nearly $1 million to settle an antitrust law violation, according to the U.S. Federal Trade Commission (FTC).

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 3:33 pm

AREC

American Resources Corporation's shares are rising following the announcement that its subsidiary, ReElement Technologies, has received approval and certification for the Military Critical Technical Data Agreement.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 3:14 pm

CGBS

Crown LNG's shares have declined following a notification from Nasdaq about non-compliance with listing rule 5550(a)(2) due to not meeting minimum bid requirements.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 3:11 pm

BCHUSD

Bitcoin Cash (BCH) is trading lower ahead of the Federal Reserve's anticipated interest rate announcement. Despite expectations of a rate cut, strong economic data has cast doubt on the extent of monetary easing, impacting risk assets like cryptocurrencies.

Portfolio Pulse from Henry Khederian

September 18, 2024 | 3:07 pm

NISTF

The U.S. national security panel is delaying its decision on Nippon Steel's $14.9 billion bid for U.S. Steel until after the Nov. 5 presidential election due to national security concerns. The delay allows for further discussions and potentially eases the stalled transaction. The Committee on Foreign Investment in the United States (CFIUS) raised concerns about the merger's impact on the U.S. steel supply chain, and political opposition is bipartisan. U.S. Steel CEO remains optimistic about the merger's success.

Portfolio Pulse from Stjepan Kalinic

September 18, 2024 | 3:03 pm

APLT

Applied Therapeutics, Inc. (NASDAQ:APLT) saw its stock soar after the FDA decided not to hold an Advisory Committee meeting for its drug govorestat, which is under Priority Review for treating Classic Galactosemia. The PDUFA target action date is set for November 28, and the company is expected to launch the drug in 2025, with projected sales exceeding $1 billion by 2030.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 2:52 pm