Streetbeat News

Regulatory

ASML

INTC

NVDA

NVDL

SMH

SOXL

SOXX

Semiconductor stocks are facing significant pressure due to weak economic data, regulatory concerns, and sector-specific risks. Major companies like Intel, Nvidia, and ASML are experiencing notable declines. ETFs tracking the sector are also down significantly.

Portfolio Pulse from Shanthi Rexaline

August 02, 2024 | 10:39 am

XCUR

Exicure shares are trading higher after the company announced it received a continued listing determination from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 10:32 am

AAPL

TCEHY

Apple Inc. (NASDAQ:AAPL) is pressuring Tencent Holdings Ltd. (OTC:TCEHY) and ByteDance Ltd. to close loopholes in their apps that allow users to bypass Apple's 30% commission. This move could strain Apple's relationships in China and comes amid global scrutiny of its business practices.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 9:45 am

TSLA

Tesla CEO Elon Musk highlighted the underutilization of state EV incentives, attributing it to a lack of awareness or excessive paperwork. His comments follow Washington's new EV rebate program aimed at low-income residents. Various states offer incentives, but conditions vary.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 9:18 am

AMD

INTC

MSFT

NVDA

Nvidia's stock fell nearly 4% in pre-market trading due to reports of a DOJ antitrust investigation over monopolistic practices in the AI chip market. The probe examines whether Nvidia pressured cloud providers to buy multiple products and charged higher prices for networking gear if customers wanted to buy AI chips from rivals like AMD and Intel. The investigation is part of a broader regulatory focus on the AI sector.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 9:05 am

ADAP

Adaptimmune's TECELRA has received U.S. FDA accelerated approval as the first engineered cell therapy for solid tumors, specifically for advanced MAGE-A4+ synovial sarcoma in adults with certain HLA types who have received prior chemotherapy. This marks the first new treatment option for synovial sarcoma in over a decade.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 7:17 am

COIN

Coinbase CEO Brian Armstrong discussed the bipartisan support for cryptocurrencies during the company's Q2 2024 earnings call. He emphasized that the crypto industry is now taken seriously in D.C. and is no longer seen as partisan. This follows positive comments from former President Trump and a recent upgrade of Coinbase shares by Citi. Despite a fall in transaction revenue, Coinbase reported a revenue beat, with Bitcoin accounting for a significant portion of trading volumes. Cathie Wood's Ark Invest recently sold shares in Coinbase, and the stock saw a 3.23% increase in after-hours trading.

Portfolio Pulse from Aniket Verma

August 02, 2024 | 7:13 am

LUNAUSD

LUNCUSD

USTUSD

Do Kwon, co-founder of Terraform Labs, will be extradited to South Korea from Montenegro, rejecting the U.S. request. This decision follows a prolonged legal battle involving the collapse of TerraUSD and Terra, which led to significant financial losses and a bear market in cryptocurrency.

Portfolio Pulse from Aniket Verma

August 02, 2024 | 3:47 am

TSLA

Elon Musk responded positively to the U.S. Department of State's assessment of the Venezuelan presidential election, which criticized the election process and declared Edmundo González Urrutia as the rightful winner over Nicolás Maduro. Musk has previously been vocal about his disapproval of Maduro's election practices.

Portfolio Pulse from Benzinga Neuro

August 02, 2024 | 1:21 am

SYTAW

Trading for SYTAW was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:50 pm