Streetbeat News

Regulatory

NUVL

Nuvalent, Inc. (NASDAQ:NUVL) announced a publication in Cancer Discovery detailing the design and preclinical activity of their ALK-selective inhibitor NVL-655. This drug is currently in Phase 1/2 trials for ALK-positive NSCLC and other tumors.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:56 pm

META

Meta plans to start training its AI models using public content shared by adults on Facebook and Instagram in the UK. This move is part of Meta's broader strategy to enhance its AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:07 pm

ALSA

Alpha Star Acquisition Corporation (NASDAQ:ALSA) has announced a business combination agreement with XDATA, an Estonia-based fintech company. The transaction, expected to close in late 2024, involves the creation of a new publicly traded company, PubCo, on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:02 pm

AAVEUSD

ETHUSD

Donald Trump's family is launching a cryptocurrency project, World Liberty Financial, on Sep. 16, led by his sons and Barron Trump. However, the real mastermind is Chase Herro, a controversial figure in the crypto world. The project plans to use the Aave platform and Ethereum blockchain, but experts are skeptical about its legitimacy.

Portfolio Pulse from Murtuza Merchant

September 13, 2024 | 12:56 pm

PDD

The Biden-Harris Administration is implementing new rules to curb the abuse of the de minimis exemption by Chinese e-commerce platforms like Shein and PDD Holdings Inc.'s Temu. This exemption allows goods valued at $800 or less to enter the U.S. duty-free, and its misuse has led to a surge in low-value imports, affecting U.S. businesses and consumers. The administration plans to reform the exemption and improve enforcement.

Portfolio Pulse from Benzinga Neuro

September 13, 2024 | 12:49 pm

CTOR

RDY

Dr. Reddy's Laboratories has agreed to defer a milestone payment from Citius Oncology, Inc. related to the FDA approval of LYMPHIR, as per their 2021 Asset Purchase Agreement. The payment, originally due on September 9, 2024, will be deferred without penalty pending further discussions.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:40 pm

FLUT

Flutter Entertainment is acquiring a 56% stake in Brazil's NSX Group for $350 million, aiming to expand its presence in the Brazilian market. The deal includes cash payment and contribution of Flutter's Betfair Brazil business. The transaction is expected to close by Q2 2025, pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 12:39 pm

AMZN

Amazon is investing $2 billion in its delivery services program, increasing driver wages amid unionization pressures and a recent NLRB ruling. The average driver wage will rise to nearly $22 per hour, a 7% increase from last year. This move follows union activity and regulatory scrutiny of Amazon's labor practices.

Portfolio Pulse from Anusuya Lahiri

September 13, 2024 | 12:09 pm

ARCT

Arcturus Therapeutics, in collaboration with CSL, has received approval from Japan's Ministry of Health, Labor and Welfare for their updated mRNA COVID-19 vaccine targeting the JN.1 strain.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:05 pm

EIPX

HAP

SHEL

Shell PLC is facing a $310 million compensation claim from Nigerian communities for allegedly violating a court order by selling its onshore assets in the Niger Delta. The communities have petitioned the Federal High Court in Abuja to halt the sale until a compensation lawsuit is resolved.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 11:55 am