Streetbeat News

Regulatory

PROP

Prairie Operating Co. (NASDAQ:PROP) has submitted its second Oil and Gas Development Plan (OGDP), Genesis II, to the Colorado Energy and Carbon Management Commission (CECMC). The company received approval for the first 20 wellbores within the Genesis I OGDP. The Genesis II OGDP will develop up to 42 three-mile lateral wells in Weld County, Colorado, with a fully electrified drill rig and production facility. The CECMC hearing for Genesis II is expected in Q1 2025, with the project drill-ready by Q2 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:32 pm

ORGO

Organogenesis Holdings Inc. (NASDAQ: ORGO) announced that it is on track to submit the Biologics License Application (BLA) for its ReNu product by the end of 2025. The company has completed enrollment in the second Phase 3 clinical trial ahead of expectations, with 594 patients enrolled. The FDA has indicated that two well-controlled Phase 3 trials are required for regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:13 pm

SPY

Federal Reserve's Goolsbee stated that the US economy is returning to more normal conditions, indicating potential stability in economic activities.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:01 pm

AXDX

Accelerate Diagnostics, Inc. (NASDAQ:AXDX) announced the successful completion of its WAVE pre-clinical trial, which aims to deliver rapid antimicrobial susceptibility testing (AST) directly from positive blood culture bottles and bacterial isolated colonies. The WAVE system can report accurate results within 4.5 hours, potentially improving patient outcomes, reducing hospital costs, and combating antimicrobial resistance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:00 pm

AMPL

Amplitude has provided its financial outlook for Q3 and FY24, with EPS and revenue estimates slightly below analyst expectations. The company also anticipates a negative impact from new US sanctions on Russia, affecting its receivables.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:42 pm

ARM

IWM

MRVL

QQQ

SPY

The S&P 500 closed 2.3% higher, marking its best session since January 2023, driven by lower-than-expected jobless claims. The Nasdaq 100 rose 3.1%, with Arm Holdings and Marvell Technologies leading gains. Fed's Barkin downplayed unemployment concerns, indicating a cautious but steady economic normalization.

Portfolio Pulse from Piero Cingari

August 08, 2024 | 8:27 pm

FTT

GBTC

SOLUSD

Cryptocurrency markets are trading higher with notable gains in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu. Grayscale launches new crypto funds, and FTX is ordered to pay $12.7B to creditors. Solana spikes as Brazil approves the first Solana ETF. Analysts have mixed predictions for Bitcoin's future price movements.

Portfolio Pulse from Khyathi Dalal

August 08, 2024 | 8:11 pm

GOOG

GOOGL

MSFT

Sen. Elizabeth Warren and Rep. Lori Trahan have raised concerns about OpenAI's whistleblower handling and AI safety procedures in a letter to CEO Sam Altman. The letter questions OpenAI's internal criticism suppression and safety review processes, including unauthorized testing of GPT-4. Microsoft (MSFT) and Alphabet (GOOG, GOOGL) are also mentioned due to their investments in AI startups, raising potential antitrust concerns.

Portfolio Pulse from Aaron Bry

August 08, 2024 | 7:59 pm

TBLT

ToughBuilt Industries has withdrawn its appeal to Nasdaq regarding its non-compliance with filing requirements. As a result, trading of its stock will be suspended effective August 9, 2024, and Nasdaq will file Form 25 for delisting.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 7:38 pm

DRIV

KARS

TSLA

The 2024 presidential election could significantly impact the electric vehicle (EV) sector. A Trump victory might benefit Tesla (TSLA) due to Elon Musk's endorsement but could harm the broader EV market by potentially eliminating tax credits. Conversely, a Harris/Walz win would likely continue supportive policies for EVs, benefiting companies like Ford (F) and General Motors (GM), as well as ETFs like KARS and DRIV.

Portfolio Pulse from Chris Katje

August 08, 2024 | 7:35 pm