Streetbeat News

Regulatory

NVDA

Nvidia has approved the use of Samsung's HBM3 chips in its AI processors for the Chinese market, specifically in the H20 GPU designed to comply with U.S. export controls. This move aims to diversify Nvidia's supplier base amid a shortage of advanced GPUs and ongoing U.S. export restrictions.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 7:26 am

TDY

Teledyne FLIR Defense, a division of Teledyne Technologies Incorporated (NYSE:TDY), has introduced the UltraFORCE® 380-HDc imaging system at the Farnborough International Air Show. This new surveillance solution is not subject to ITAR, facilitating easier exportation and movement to international customers.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:58 am

COIN

Citi has upgraded Coinbase Global Inc. (NASDAQ:COIN) from neutral to buy, citing favorable regulatory shifts and a positive outlook for the cryptocurrency industry following President Joe Biden's withdrawal from the presidential race. The Supreme Court's decision to remove the Chevron Defence Doctrine is also seen as beneficial for Coinbase in its legal battles with the SEC.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 6:20 am

BTCUSD

META

Malaysia and Singapore are tightening regulations on social media platforms like Meta's Facebook, Elon Musk's X, and ByteDance's TikTok to combat online scams and protect minors. Platforms must obtain licenses and verify seller identities to avoid penalties.

Portfolio Pulse from Benzinga Neuro

July 24, 2024 | 5:40 am

BTCUSD

Senator Cynthia Lummis criticized the Biden administration's proposal to impose a 30% tax on Bitcoin mining, arguing it would harm innovation, energy infrastructure, and tax revenues. She highlighted the benefits of Bitcoin mining for energy grids and environmental concerns, warning of a potential miner exodus.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 5:20 am

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) CEO Sundar Pichai explained the company's decision to retain cookies in its Chrome browser, emphasizing user choice and privacy. This decision follows industry and regulatory pushback against Google's initial plan to eliminate cookies. Alphabet reported strong Q2 earnings, surpassing revenue and earnings estimates.

Portfolio Pulse from Ananya Gairola

July 24, 2024 | 4:05 am

BTCUSD

Kamala Harris is in discussions to speak at the Bitcoin 2024 conference, which will also feature Donald Trump and other political figures. This event could influence the cryptocurrency voter demographic. Bitcoin's price has recently dropped by 2.63%.

Portfolio Pulse from Aniket Verma

July 24, 2024 | 1:24 am

ALLR

Allarity Therapeutics has reported its progress and objectives for 2024 in a recent SEC filing. The company outlined key milestones and strategic goals aimed at advancing its therapeutic pipeline.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:48 pm

TSLA

Vice President Kamala Harris, now the Democratic presidential nominee, has policies that differ significantly from Republican nominee Donald Trump on key issues such as electric vehicles, oil & gas, health care, reproductive rights, and taxes. Harris supports EV manufacturing, environmental regulations, single-payer health care, reproductive rights, and tax credits for the middle class, while Trump opposes EV mandates, favors rolling back environmental rules, supports the current healthcare system, and promises to eliminate income taxes.

Portfolio Pulse from Michael Juliano

July 23, 2024 | 8:43 pm

LDOS

Hackers have leaked documents from Leidos, a Pentagon IT services firm. This breach could have significant implications for the company's security reputation and its contracts with the government.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:42 pm