Streetbeat News

Regulatory

AQN

Algonquin Power & Utilities has agreed to sell its renewable energy business (excluding hydro) to an LS Power subsidiary for up to $2.5 billion. The transaction is expected to close in late 2024 or early 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:44 am

DTIL

TGTX

Precision Biosciences announced that its partner, TG Therapeutics, has received U.S. FDA clearance for an Investigational New Drug (IND) application to investigate Azercabtagene Zapreleucel (Azer-cel) in human clinical trials for multiple sclerosis.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:08 am

BATT

LIT

US Strategic Metals (USSM) has secured a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) for a potential $400 million debt funding package for its Madison cobalt project in Missouri. This funding could significantly reduce the US's reliance on foreign cobalt sources, particularly from the Democratic Republic of Congo. The Madison project is one of the largest cobalt reserves in North America, with an estimated 72 million pounds of recoverable cobalt.

Portfolio Pulse from Stjepan Kalinic

August 09, 2024 | 10:58 am

GOOG

GOOGL

MSFT

PLTR

Palantir Technologies Inc. co-founder Joe Lonsdale supports the antitrust ruling against Google but criticizes FTC Chair Lina Khan. Lonsdale calls for more regulations to prevent big tech monopolies. Palantir expanded its partnership with Microsoft and reported strong Q2 revenue growth.

Portfolio Pulse from Ananya Gairola

August 09, 2024 | 10:45 am

CLSK

RIOT

Russian President Vladimir Putin has signed a law legalizing cryptocurrency mining in Russia, diverging from the Central Bank's previous stance. This move contrasts with former U.S. President Donald Trump's pro-cryptocurrency campaign, which includes plans to mine all remaining Bitcoins in the U.S. and meetings with executives from U.S.-based Bitcoin mining companies like CleanSpark Inc. and Riot Platforms Inc.

Portfolio Pulse from Aniket Verma

August 09, 2024 | 10:38 am

TOUR

Tuniu Corporation (NASDAQ:TOUR) has received a delisting warning from Nasdaq due to its stock price being below $1 for 31 consecutive business days. The company has until February 3, 2025, to regain compliance by maintaining a closing bid price of $1 or higher for ten consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 9:03 am

ESGR

Enstar Group Limited (ESGR) will assume $376 million in loss reserves from QBE in a strategic loss portfolio transfer deal. The transaction is expected to complete in the fourth quarter of 2024, pending regulatory approvals and other conditions.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:06 am

TSLA

Tesla has launched its Cybertruck in Canada, inviting reservation holders to configure their orders. The foundation series starts at C$137,990 ($100,573) and deliveries are expected in October or November. Tesla has also started inviting reservation holders in Mexico to configure their orders.

Portfolio Pulse from Anan Ashraf

August 09, 2024 | 6:59 am

BTCUSD

Anthony Scaramucci has criticized Donald Trump's pro-business policies and stance on the Federal Reserve, warning of potential economic dangers if Trump returns to the White House. Scaramucci also highlighted the risks to Bitcoin and cryptocurrency investors under another Trump administration.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 6:17 am

META

TSLA

Venezuelan President Nicolas Maduro has enforced a 10-day ban on Elon Musk’s social media platform X, formerly Twitter, amid escalating tensions over election results. Maduro accused Musk of stirring up hatred and civil discord following a contentious presidential election. The ban is seen as another assault on big tech, with Maduro also urging followers to transition from Meta Platforms' WhatsApp to Telegram or WeChat.

Portfolio Pulse from Ananya Gairola

August 09, 2024 | 5:44 am