Streetbeat News

Regulatory

NVDA

TSM

The US is considering imposing additional restrictions on China's access to advanced AI chips, specifically targeting 'Gate All-Around' technology and high-bandwidth memory. This move could impact companies involved in the production and supply of these technologies.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:45 pm

MSFT

The UAE supports US restrictions on semiconductor exports to China, acknowledging concerns about advanced chip technologies potentially bolstering China's military. The UAE seeks US support to develop its semiconductor production capabilities, with Microsoft investing $1.5 billion in UAE's AI company G42.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 3:36 pm

BTCUSD

JPM

Three Democratic senators have urged the Federal Reserve to cut the federal funds rate from its current high of 5.5% to prevent further economic slowdown and address inflation more effectively. This call comes as financial markets adjust their expectations for an interest rate cut, impacting Bitcoin's rally. The senators argue that high interest rates are increasing costs in housing, construction, and auto insurance, potentially pushing the economy into a recession. JPMorgan analysts also note rising rent costs due to higher interest rates.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 3:33 pm

KITT

Nauticus Robotics has filed a prospectus supplement to update, amend, and supplement certain information in its prospectus dated May 6, 2024. This filing was made with the SEC.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 3:31 pm

GME

GameStop Corp (NYSE:GME) shares are experiencing volatility as retail investor interest surges following Keith Gill's return to social media. Gill, known for his role in the 2021 meme stock movement, held a livestream outlining a bullish case for GameStop, emphasizing CEO Ryan Cohen's turnaround strategy and the company's cash reserves. Gill revealed he still holds 5 million shares and call options, despite a significant loss in Monday's session. The SEC is investigating recent options trading activity in GameStop.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 3:14 pm

AMRX

TEVA

Amneal Pharmaceuticals, with the support of the U.S. FTC, successfully convinced a New Jersey federal court to remove five Teva Pharmaceutical patents from the FDA's Orange Book. This decision clears the way for Amneal's proposed generic version of Teva's ProAir HFA inhaler. The court also rejected Teva's bid to dismiss Amneal's antitrust allegations.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:40 pm

COP

CVX

SHEL

XOM

California Attorney General Rob Bonta has filed an amended complaint against major fossil fuel companies, including Exxon Mobil, Chevron, Shell, BP, and ConocoPhillips, for misleading the public on climate change. The lawsuit seeks to forfeit profits earned through illegal activities and highlights instances of false advertising and greenwashing.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 1:55 pm

CURLF

Curaleaf International (OTC:CURLF) is expanding its cannabis operations in the UK, Germany, and Poland, aiming to outprice the illegal cannabis market. The company reported a Q1 revenue of $339 million, a 2% increase year-over-year, despite a net loss of $48.3 million. Curaleaf sees significant growth potential in the UK and Germany due to changing regulations and increasing acceptance of medical cannabis. The company is leveraging its cultivation facilities in Portugal and Canada to ensure a consistent supply and is focusing on patient awareness and competitive pricing.

Portfolio Pulse from Nicolás Jose Rodriguez

June 11, 2024 | 1:36 pm

AAPL

BTCUSD

ETHUSD

TSLA

YEXT

The article covers a range of topics including the volatility of Bitcoin, Ethereum, and Dogecoin, with predictions of a significant rise for Bitcoin. It also discusses Yext's downbeat results, Apple's AI strategy, and various developments in the tech and EV sectors.

Portfolio Pulse from Akanksha Bakshi

June 11, 2024 | 1:33 pm

CACO

Caravelle International Group has regained compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:32 pm