Streetbeat News

Regulatory

SPY

Kamala Harris proposes a tax on unrealized gains, facing backlash from Wall Street. The proposal includes raising the corporate tax rate and implementing a minimum tax on unrealized gains for high-income individuals. Critics argue it disincentivizes long-term investments.

Portfolio Pulse from Shanthi Rexaline

August 21, 2024 | 1:15 pm

TSLA

China opposes the EU's reduced tariffs on Tesla's China-made EVs, calling them unfair. The EU set Tesla's tariffs at 9%, down from 20.8%. China vows to protect its EV industry.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 1:09 pm

TNFA

TNF Pharmaceuticals is advancing its lead program, MYMD-1, through fully funded mid-stage clinical trials after successful Phase 2 results in reducing chronic inflammatory markers. The company holds FDA-cleared Phase 2 INDs for MYMD-1 in rheumatoid arthritis and Hashimoto's thyroiditis.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:07 pm

AVD

American Vanguard Corporation (NYSE:AVD) has submitted voluntary cancellation requests to the EPA for all federal registrations of its Dacthal herbicide products. This follows an emergency suspension by the EPA and the company's decision to stop sales in April 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:06 pm

ASAN

Asana, Inc. (NYSE:ASAN) is pursuing FedRAMP authorization to enhance security and compliance for enterprises in regulated industries such as healthcare, financial services, and government agencies. This move aims to address the complex needs of these sectors and improve organizational efficiency.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:05 pm

SCLX

Scilex Holding Company announced that the USPTO will issue a new patent for ELYXYB, a treatment for acute pain. This development could enhance Scilex's intellectual property portfolio and potentially boost its market position.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:02 pm

GOOGL

META

California is considering a bill, SB 1047, to regulate AI development, facing opposition from major tech companies like Google and Meta, as well as some Democrats including Nancy Pelosi. The bill mandates safety testing and a 'kill switch' for AI models, but critics argue it could drive developers out of the state.

Portfolio Pulse from Rounak Jain

August 21, 2024 | 12:47 pm

ETHUSD

Ethereum co-founder Vitalik Buterin proposes 'Plurality' as a solution to governance tensions in the crypto space, emphasizing the integration of diverse perspectives to bridge the gap between independence and sustainable governance.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 12:46 pm

GS

MS

Goldman Sachs warns that upcoming US jobs data may overstate economic weakness, potentially impacting financial markets, including cryptocurrencies. The Bureau of Labor Statistics is set to release revised nonfarm payroll data, which could show slower job growth than initially reported. Morgan Stanley predicts a significant downward revision, possibly reigniting recession fears and affecting risk assets like Bitcoin. Goldman Sachs suggests the revisions may not fully reflect the true state of the job market.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 12:46 pm

WRAP

Wrap Technologies has received a non-compliance notice from Nasdaq due to a delay in filing its Q2 2024 quarterly report. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:37 pm