Streetbeat News

Regulatory

HE

Hawaiʻi Attorney General Anne Lopez announced the results of the Lahaina fire investigation, revealing that no single factor but a complex interaction of factors led to the Maui fire devastation. The investigation's findings may impact Hawaiian Electric (HE), which could be involved in the analysis.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:16 pm

LLY

The FDA has approved Eli Lilly's Ebglyss for treating moderate-to-severe atopic dermatitis in adults and children aged 12 and older. This approval could potentially boost Eli Lilly's market position in the dermatology sector.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:08 pm

BA

EWJ

The U.S. State Department has approved a potential $4.1 billion sale of KC-46A aerial refueling aircraft and equipment to Japan, as announced by the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 7:09 pm

WBA

Walgreens has agreed to pay $106.8 million to settle allegations of billing the U.S. government for prescriptions that were not dispensed. This settlement addresses claims related to improper billing practices.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:56 pm

AMZN

WMT

Amazon and Walmart's Flipkart are accused of violating India's antitrust laws by favoring specific sellers on their platforms. The Competition Commission of India (CCI) initiated an investigation in 2020, and the findings suggest that both companies developed systems to elevate preferred sellers, affecting market competition. Amazon and Flipkart deny any wrongdoing and plan to contest the findings.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2024 | 6:42 pm

PYPL

Tether has appointed Jesse Spiro, a former PayPal executive, as its new Head of Government Affairs amid ongoing regulatory scrutiny. Spiro's experience in regulatory relations is expected to help Tether navigate the challenges it faces in the US. Despite financial success, Tether's operations and reserve backing continue to be questioned.

Portfolio Pulse from Murtuza Merchant

September 13, 2024 | 6:06 pm

FTXO

KBWB

WFC

Wells Fargo has entered into a formal agreement with the OCC to enhance its anti-money laundering practices. Analysts believe this will have minimal impact on the bank's growth, despite regulatory hurdles. The agreement restricts expansion into high-risk products without approval but is not expected to affect Wells Fargo's 2024 expense outlook or the lifting of the Federal Reserve's 2018 Cease and Desist order.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 5:57 pm

AMAT

LRCX

MU

NVDA

NXPI

ON

TER

Semiconductor stocks are experiencing a rise in share prices due to strong economic data, Nvidia CEO Jensen Huang's positive comments on demand, and Vice President Harris's emphasis on investing in American-based companies during the Presidential Debate.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 5:55 pm