Streetbeat News

Regulatory

GOOG

GOOGL

Alphabet shares are experiencing a decline following objections from the UK's Competition and Markets Authority (CMA) regarding Google's ad tech practices.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:59 pm

U.S. Steel, along with the United Steelworkers union and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International Trade Commission. These petitions target imports of corrosion-resistant steel from several countries, aiming to address low-priced and subsidized imports affecting the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:50 pm

CMRX

EBS

The U.S. is preparing for the potential arrival of a more severe strain of mpox, clade 1, which has caused significant cases and deaths in Africa. The government is enhancing surveillance and testing, and the Jynneos vaccine is available for high-risk groups. Efforts are underway to develop new treatments, although current options like TPOXX are ineffective against clade 1.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:24 pm

VWAGY

The Polish Ministry of Health supports decriminalizing cannabis possession and cultivation, reflecting growing public support. However, political challenges remain, with potential presidential vetoes and conservative parliamentary opposition. The cannabis industry in Poland is gaining momentum, with local hemp varieties showing promise.

Portfolio Pulse from Nina Zdinjak

September 06, 2024 | 6:10 pm

COIN

Barclays analyst Benjamin Budish upgraded Coinbase Global, Inc. (NASDAQ:COIN) from Underweight to Equal-Weight, citing improved regulatory support for crypto. Despite lowering the price target from $206 to $169, the analyst sees resilience in Coinbase's revenues amid regulatory changes. However, challenges like fee compression and increased expenditures remain.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 5:53 pm

SPY

USO

VGK

Iran has sent short-range ballistic missiles to Russia, which could escalate the conflict in Ukraine. The U.S. and Europe are considering sanctions against Iran in response.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:32 pm

AAP

AZO

GPC

ORLY

SPY

Lawmakers have requested CEOs of six auto parts firms to clarify if they purchased products from a Chinese company potentially evading U.S. tariffs.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:04 pm

AYRWF

AYR Wellness has received conditional approval from the Virginia Cannabis Control Authority to establish medical marijuana operations in Virginia's Health Service Area 1. This is a strategic move for AYR as it expands its footprint in underserved regions, potentially boosting revenue growth amid profitability challenges.

Portfolio Pulse from Patricio Liddle

September 06, 2024 | 4:28 pm

AGX

BLMZ

BRZE

GCO

WHLR

U.S. stocks fell with the Nasdaq dropping over 400 points. Braze shares tumbled 17% after Q2 results, while Planet Labs fell 21% due to poor sales. BloomZ and Wheeler Real Estate saw significant gains. The U.S. economy added 142,000 jobs in August, with unemployment at 4.2%.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 4:22 pm

BAC

U.S. Treasury Secretary Janet Yellen warns against eliminating clean energy tax credits, stating it would increase costs for families, threaten U.S. manufacturing jobs, and give China an advantage. Trump proposes reallocating funds from environmental to infrastructure projects. Bank of America plans a $205 million investment for tax credits from an ethanol producer.

Portfolio Pulse from Lekha Gupta

September 06, 2024 | 4:10 pm