Streetbeat News

Regulatory

BKNG

Booking Holdings Inc (NASDAQ:BKNG) has been fined €413.2 million ($447.1 million) by Spain's competition regulator, CNMC, for imposing unfair conditions on Spanish hotels. The CNMC's ruling mandates changes to ensure fair competition, impacting Booking's market practices in Spain.

Portfolio Pulse from Shivani Kumaresan

July 31, 2024 | 2:40 pm

FNA

Paragon 28's audit committee has concluded that the company's previously issued audited financial statements for the fiscal year ended December 31, 2023, and the quarters ended March 31, 2023, June 30, 2023, September 30, 2023, and March 31, 2024, should no longer be relied upon.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:28 pm

EIS

ISRA

SPY

USO

Hamas Senior Official Al-Hayya stated that Hamas and Iran do not seek a regional war, but emphasized that a crime should be punished.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:27 pm

META

Meta Platforms Inc. (NASDAQ:META) is under scrutiny for running ads on Facebook and Instagram that promote illegal drugs, violating its own policies. The ads, which include images of drugs and redirect users to other platforms for purchases, have led to a federal investigation. Meta has removed the ads and banned the users who created them.

Portfolio Pulse from Benzinga Neuro

July 31, 2024 | 2:23 pm

INFY

Infosys has been found liable to pay a tax amount of INR 324.03 billion, according to a document from the tax authority cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:06 pm

TPHS

On July 30, 2024, Trinity Place Holdings received a notice from NYSE Regulation that trading of its common stock has been suspended and proceedings to delist the stock from NYSE American have commenced.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:03 pm

LYFT

UBER

The NYC Taxi and Limousine Commission has agreed not to impose new regulations on ride-hailing companies Uber and Lyft, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:57 pm

AMD

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) shares are surging in sympathy with Advanced Micro Devices, Inc. (NASDAQ:AMD), which reported strong Q2 financial results. AMD's revenue and earnings beat analyst estimates, driven by record Data Center segment revenue and accelerating AI business. AMD's positive outlook for Q3 and GPU revenue has boosted investor optimism in semiconductor stocks, including SMCI. Additionally, potential new US rules to limit semiconductor equipment exports to China may also be influencing the sector.

Portfolio Pulse from Adam Eckert

July 31, 2024 | 1:24 pm

ABCL

LLY

AbCellera (NASDAQ:ABCL) and Eli Lilly (NYSE:LLY) have expanded their collaboration to develop therapeutic antibodies for immunology, cardiovascular disease, and neuroscience. This builds on their successful partnership since March 2020, which included eight de novo programs and a COVID-19 antibody program that received emergency use authorization from the FDA.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:11 pm

RYTM

VGK

Rhythm Pharmaceuticals has received European Commission approval to expand the marketing authorization of IMCIVREE to include children aged 2-5 with obesity due to Bardet Biedl Syndrome or POMC, PCSK1, and LEPR deficiency.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:11 pm