Streetbeat News

Regulatory

HAL

Halliburton reported a cybersecurity breach where an unauthorized third party accessed its systems. The company has activated its cybersecurity response plan, taken systems offline, and is working with external advisors to investigate and remediate the issue.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 10:12 am

QCOM

SQNS

Qualcomm has entered a definitive agreement to acquire Sequans' 4G IoT technologies, including certain employees, assets, and licenses. The deal is subject to French regulatory approval. Sequans retains rights to use the technology commercially.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 10:03 am

AMZN

MSFT

NVDA

Chinese entities are reportedly bypassing U.S. export restrictions by using cloud services from Amazon and Microsoft to access high-end Nvidia AI chips. This loophole allows them to utilize advanced technology despite U.S. efforts to limit access. The U.S. government is considering tightening regulations to address this issue.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 9:20 am

RBB

RBB Bancorp has successfully terminated a consent order after making enhancements to its anti-money laundering programs. This development indicates improved compliance and regulatory standing for the bank.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 7:09 am

AMZN

A federal labor regulator has classified Amazon delivery drivers as employees, which may increase Amazon's responsibility for working conditions. This decision could force Amazon to negotiate with unions, contradicting its previous stance. The NLRB found Amazon unlawfully targeted drivers with termination threats. Amazon disputes the union's claims.

Portfolio Pulse from Ananya Gairola

August 23, 2024 | 6:48 am

BJ

SNOW

WSM

Jim Cramer predicts a market slowdown, suggesting that recent gains may pause as reality sets in. He notes that stocks like Snowflake, Williams-Sonoma, and BJ's Wholesale Club have suffered despite decent earnings. Investors are cautious ahead of Fed Chair Powell's speech, with potential interest rate cuts on the horizon.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 6:34 am

GLPG

Galapagos NV has received FDA clearance for its IND application for the ATALANTA-1 study, which will evaluate the CD19 CAR-T therapy GLPG5101 in patients with relapsed/refractory non-Hodgkin lymphoma.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:52 am

MRNA

Moderna has received approval in Japan for a partial change application for its updated COVID-19 mRNA vaccine targeting the SARS-COV-2 variant JN.1. This approval could enhance Moderna's market presence in Japan and potentially increase its revenue from vaccine sales.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:41 am

BTCUSD

Argentina's Senate has approved an increase in pension spending, challenging President Javier Milei's fiscal plans. Despite Milei's intention to veto, the bill's strong support suggests a veto override is possible. This development complicates Milei's efforts to balance the budget and control inflation.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 5:17 am