Streetbeat News

Regulatory

LYV

The UK government is examining dynamic pricing practices by ticketing websites after Oasis fans faced high ticket prices for the band's reunion tour. Ticketmaster, owned by Live Nation Entertainment Inc (NYSE:LYV), is under scrutiny for its pricing strategies, which have led to complaints and government intervention.

Portfolio Pulse from Franca Quarneti

September 03, 2024 | 9:33 pm

NVDA

Nvidia Corp (NASDAQ:NVDA) is under investigation by the DOJ for potential antitrust violations, causing its stock to drop. The DOJ is examining if Nvidia penalizes customers who don't exclusively use its chips. Despite the investigation, analysts remain largely positive on Nvidia's stock outlook.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 9:24 pm

PFE

Acepodia has entered a strategic clinical collaboration with Pfizer Ignite to develop its therapies for autoimmune diseases. Pfizer Ignite will provide strategic guidance and resources, enhancing Acepodia's drug development process.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 9:04 pm

SPGI

S&P Global Ratings has reached a settlement with the SEC over violations of recordkeeping rules, agreeing to pay a $20 million penalty. The SEC acknowledged SPGR's remedial actions and cooperation. SPGR emphasizes its commitment to compliance and integrity in its ratings process.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:58 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum are experiencing a decline as short-term holders sell off their assets. Bitcoin's exchange net flows have increased, and significant transactions have risen. Analyst Peter Brandt notes a pattern of lower highs and lows in Bitcoin's chart, indicating a lack of momentum. The SEC is involved in various crypto-related legal actions, and Qatar is introducing crypto regulations. Despite current market conditions, some analysts predict a potential Bitcoin rally in the future.

Portfolio Pulse from Khyathi Dalal

September 03, 2024 | 8:57 pm

IWM

SPY

TLT

USO

UUP

Investors are anticipating key labor market data this week, which could influence expectations for Federal Reserve rate cuts. Market probabilities for a 50-basis-point rate cut at the upcoming FOMC meeting have increased. Five ETFs, including TLT, UUP, SPY, IWM, and USO, are highlighted as potentially impacted by the labor data.

Portfolio Pulse from Piero Cingari

September 03, 2024 | 8:51 pm

NVDA

NVIDIA Corp has been issued a subpoena by the U.S. Department of Justice as part of an intensifying antitrust investigation. This development could have implications for NVIDIA's business operations and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:29 pm

MGX

Metagenomi has announced promising twelve-month preclinical data for its Hemophilia A program, showing consistent Factor VIII activity and good tolerance. The program is on track for an IND filing in 2026.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:15 pm

VATE

INNOVATE Corp. has received a compliance notice from the NYSE, indicating that it has regained compliance with the exchange's minimum price requirement. This development is crucial for the company to maintain its listing on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:07 pm

ATHA

Trading for a certain asset was halted at 4:00:11 p.m. ET due to pending news. This indicates that significant information is expected to be released, which could impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:00 pm