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Regulatory

CURLF

GLASF

TCNNF

California cannabis companies are shifting to the less regulated hemp market due to high taxes and strict regulations in the cannabis sector. Companies like Green Bee Botanicals and Sunstone Winery have rebranded their products to hemp, benefiting from lower taxes and broader market reach. Larger companies like Glass House Brands and Curaleaf Holdings are also considering or have entered the hemp market. The California Senate recently halted a bill that would impose stricter THC limits, highlighting the ongoing tension between the cannabis and hemp industries.

Portfolio Pulse from Rolando García

August 20, 2024 | 3:02 pm

AZN

JNJ

Johnson & Johnson (JNJ) is acquiring V-Wave for $1.7 billion to enhance its cardiovascular treatment offerings. The FDA also approved JNJ's Rybrevant plus Lazcluze for NSCLC, outperforming AstraZeneca's Tagrisso. JNJ stock rose 0.5% following these developments.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 2:31 pm

BLK

Mantra, a Layer 1 blockchain, aims to bring real-world assets (RWAs) on-chain, potentially reaching a $2 trillion market by 2030. The company is focusing on tokenizing assets like real estate and commodities, enhancing liquidity and accessibility. Mantra is forming strategic partnerships, including with Nomura's Laser Digital and Ondo Finance, to advance its ecosystem.

Portfolio Pulse from Justin Roberti

August 20, 2024 | 2:21 pm

FXI

VGK

China's Commerce Ministry has expressed strong opposition to the EU's definitive findings on an anti-subsidy probe into Chinese electric vehicles (EVs). The Ministry claims that the EU failed to consider China's opinions and insists on its 'wrongdoings'. This development could impact international trade relations and the EV market.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:17 pm

VMAR

Vision Marine Technologies shares declined following the approval of a 15-for-1 reverse stock split and a non-compliance letter from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:17 pm

PWM

Prestige Wealth shares declined after receiving a minimum bid price deficiency notification from Nasdaq, indicating potential delisting risks if the issue is not resolved.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:10 pm

SOND

Sonder Holdings shares are declining following a notification from Nasdaq about non-compliance with listing rules.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:01 pm

HUM

Humana Inc. has settled a whistleblower lawsuit for $90 million, addressing allegations of fraudulent Medicare Part D bids. The lawsuit claimed Humana overcharged the government by submitting misleading bids for prescription drug contracts from 2011 to 2017. The case, initiated by a former Humana actuary, highlighted discrepancies in cost predictions that favored Humana. Despite the DOJ not intervening, the case proceeded and was settled before trial.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 2:01 pm

MRNA

The Africa CDC Director General announced that Mpox vaccination will commence in the Democratic Republic of Congo and other countries within days, pending the completion of preparations.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:01 pm

FBLG

FibroBiologics has filed a patent application for a new wound healing technology using an adhesive bandage with fibroblast cell-based technology. This innovation could enhance the company's product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:31 pm