Streetbeat News

Regulatory

RTX

The U.S. State Department has announced a $200 million settlement with RTX Corporation over export violations. This settlement addresses issues related to the company's compliance with export regulations.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 4:26 pm

TOVX

Theriva Biologics (AMEX:TOVX) shares are trading higher due to recent positive developments, including FDA's Rare Pediatric Drug Designation for VCN-01 and a new patent allowance. A reverse stock split has also contributed to price volatility.

Portfolio Pulse from Erica Kollmann

August 30, 2024 | 4:18 pm

MINE

The article discusses three financial crime cases: a Mississippi seafood supplier fined for mislabeling seafood, a stem cell company founder guilty of distributing unapproved drugs, and the CEO of Minerco Inc. arrested for securities fraud.

Portfolio Pulse from Michael Juliano

August 30, 2024 | 4:03 pm

CBDD

CBD of Denver, Inc. reported a 37.4% YoY increase in Q2 revenue to $1,002,240, slightly below expectations. The company is expanding into the German market, facing regulatory challenges. Operating expenses and salaries have decreased, indicating improved efficiency.

Portfolio Pulse from Jelena Martinovic

August 30, 2024 | 3:57 pm

GE

GE Vernova has announced that their analyses indicate the recent turbine blade failures at U.S. and UK offshore wind farms are unrelated. This clarification may alleviate concerns about systemic issues in their turbine technology.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:45 pm

EWY

SPY

USO

Three U.S. Democratic Senators have urged the Biden administration to reduce the current import quota for South Korean Oil Country Tubular Goods. This request could impact trade relations and the energy sector.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:42 pm

CRWD

CrowdStrike's Vice President is set to testify before a U.S. House panel next month concerning an IT outage. This event could have implications for the company's operations and investor perception.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:24 pm

AFRM

Affirm Holdings, Inc (NASDAQ:AFRM) has reported strong financial results, with a 47.8% increase in fourth-quarter revenue and a narrowed net loss. The company expects profitability by fiscal Q4 2025. Affirm's stock has risen 108% over the past year and is currently trading above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Anusuya Lahiri

August 30, 2024 | 2:39 pm

CGC

Canopy Growth Corp (NASDAQ:CGC) shares fell 15.8% this week due to the DEA's delay in rescheduling cannabis, creating regulatory uncertainty. This delay affects Canopy's U.S. market expansion and investor sentiment, potentially impacting revenue growth and financing opportunities.

Portfolio Pulse from Henry Khederian

August 30, 2024 | 2:37 pm

BTCUSD

Blake Benthall, founder of Fathom X and former creator of Silk Road 2.0, discusses the evolution of the crypto industry with former FBI agent Vincent Agostino. They highlight the maturation of the crypto space, the importance of transparency, and the increasing mainstream adoption of Bitcoin.

Portfolio Pulse from Khyathi Dalal

August 30, 2024 | 2:03 pm