Streetbeat News

Regulatory

PPTA

Perpetua Resources' shares rose following the U.S. Forest Service's completion of the final environmental impact statement and a draft record of decision for the Stibnite gold project.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:43 pm

ACB

CGC

CRON

GTBIF

IIPR

MJNA

MSOS

SNDL

TCNNF

TLRY

YOLO

Former President Donald Trump's support for cannabis legalization in Florida has sparked varied reactions in the cannabis stock market. Notable movements include gains for AdvisorShares Pure Cannabis ETF and Trulieve Cannabis, while Canopy Growth and Cronos Group saw declines.

Portfolio Pulse from Nicolás Jose Rodriguez

September 05, 2024 | 1:39 pm

CGC

CURLF

Canopy Growth's subsidiary in Poland is withdrawing its popular medical marijuana strain Penelope due to aging genetics and quality concerns. The company plans to introduce new strains with similar profiles. Meanwhile, Poland's medical marijuana market is booming, with a significant increase in prescriptions and support for decriminalization.

Portfolio Pulse from Nina Zdinjak

September 05, 2024 | 1:32 pm

AIQ

AVEM

BABA

Alibaba's Taobao and Tmall platforms now accept WeChat payments, aiming to expand market share in China amid intense competition. This move could help Alibaba grow in less developed regions. Alibaba's stock has declined 13% over the past year. The company also launched a new digital technology company and reported a 4% revenue growth in Q1, missing analyst expectations.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 1:22 pm

AAPL

FXI

Huawei is facing production issues with its new Mate 70 phone due to a U.S. ban affecting chip manufacturing, potentially impacting its competition with Apple's upcoming iPhone release.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:10 pm

GOOGL

YouTube is developing new technologies to help partners detect and manage AI-generated content, including synthetic singing and AI-generated faces. The platform is also incorporating safeguards to prevent misuse of these technologies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:09 pm

SHPH

Shuttle Pharma has been granted a U.S. patent for its selective histone deacetylase inhibitors, which are used in the treatment of human diseases. This development could enhance the company's intellectual property portfolio and potentially lead to new therapeutic applications.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:05 pm

LYV

The UK Competition and Markets Authority (CMA) has launched an investigation into Ticketmaster over concerns related to the sale of Oasis concert tickets. The investigation will examine whether Ticketmaster's actions may have breached consumer protection laws.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:04 pm

HOOD

TSLA

Verizon announced a $20 billion acquisition of Frontier, reaffirming its FY24 outlook. Tesla's sales dropped despite rising EV registrations in Britain, while BYD surged. Bitcoin, Ethereum, and Dogecoin spiked despite stock declines. Robinhood settled for $3.9 million with California over cryptocurrency withdrawal issues.

Portfolio Pulse from Akanksha Bakshi

September 05, 2024 | 1:04 pm

SCLX

Scilex Holding Company will present research on dosing adjustments for gout patients with renal impairment using their product GLOPERBA® at the 2024 American College of Rheumatology Convergence conference. The presentation highlights the unique precision dosing capabilities of GLOPERBA®, which recently received FDA approval for an updated label.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:02 pm