Streetbeat News

Regulatory

GURE

Gulf Resources has received a notice from Nasdaq due to the late filing of its Q2 2024 10-Q report. The company is required to submit an updated compliance plan by September 4, 2024, to avoid potential delisting.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:16 pm

KXIN

Kaixin Holdings shares are trading higher despite receiving a Nasdaq delisting notice.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:14 pm

JAZZ

Jazz Pharmaceuticals announced that their Phase 3 trial in Japan for cannabidiol oral solution did not meet the primary efficacy endpoint for treatment-resistant epilepsies, though some numeric improvements were noted. No new safety concerns were identified.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:11 pm

KXIN

Kaixin Holdings has received a delisting notice from Nasdaq due to its securities trading below $0.10 for ten consecutive days. Nasdaq staff plans to delist the company from the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:05 pm

TSLA

Tesla shares are trading lower due to an NTSB investigation into a Tesla Semi crash and delays in the Full Self-Driving technology for the Cybertruck. The stock has been fluctuating between $210 and $230, with mixed investor sentiment.

Portfolio Pulse from Vaishali Prayag

August 22, 2024 | 7:38 pm

BTCUSD

ETHUSD

Speculation is rising about a potential interest rate cut by the Federal Reserve in September 2024, with significant implications for both traditional and cryptocurrency markets. Polymarket data shows a 75% chance of a 25 bps rate cut, which could increase liquidity and risk appetite, benefiting cryptocurrencies like Bitcoin and Ethereum.

Portfolio Pulse from Murtuza Merchant

August 22, 2024 | 7:18 pm

BMY

Bristol-Myers Squibb announced that the FDA has scheduled an Oncologic Drugs Advisory Committee meeting for September 26 to discuss PD-L1 expression levels in gastric and esophageal cancers.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:08 pm

RTX

The U.S. State Department has approved a potential $592 million sale of Advanced Medium-Range Air-To-Air Missiles (AMRAAM) to Romania. This deal involves RTX Corporation, which is likely to supply these missiles.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:08 pm

NVAX

Novavax shares declined after the FDA excluded the company from its latest updates on emergency use authorization for vaccines.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:03 pm

SCHW

TD

Charles Schwab shares are declining after TD Bank sold 40.50 million shares, reducing its stake from 12.3% to 10.1%. This sale is linked to TD Bank's anticipation of penalties from U.S. regulatory probes related to anti-money laundering deficiencies.

Portfolio Pulse from Dylan Berman

August 22, 2024 | 6:48 pm