Streetbeat News

Regulatory

META

Former Arkansas Governor Mike Huckabee has filed a lawsuit against Meta Platforms Inc. (NASDAQ:META) for unauthorized advertisements on Facebook that falsely used his name and likeness to promote CBD gummies. The lawsuit, filed in the U.S. District Court in Delaware, accuses Meta of violating the Arkansas Frank Broyles Publicity Rights Protection Act, invasion of privacy, and unjust enrichment. The case underscores ongoing issues with false endorsements and misuse of public figures' identities in advertising.

Portfolio Pulse from Nicolás Jose Rodriguez

July 06, 2024 | 3:45 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has approved Epic Games' marketplace app for iPhones and iPads in Europe amid an ongoing feud. The approval follows accusations from Epic Games that Apple was obstructing its attempts to launch a games store on Apple devices. The European Commission is investigating Apple's app validation processes.

Portfolio Pulse from Ananya Gairola

July 06, 2024 | 4:24 am

CJET

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

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 11:50 pm

SOLUSD

Multicoin Capital has announced a $1 million match for donations made in Solana (SOL) tokens to the Sentinel Action Fund (SAF) to support pro-crypto Senate candidates. This initiative aims to amplify contributions and support candidates who advocate for responsible crypto innovation.

Portfolio Pulse from Murtuza Merchant

July 05, 2024 | 8:25 pm

AAPL

AMZN

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

U.S. stocks reached record highs as investors anticipate interest rate cuts due to cooling economic indicators. The labor market showed mixed signals, and the ISM Services PMI contracted. Tech and consumer discretionary stocks led gains, with Tesla having its best week since January 2023. Tesla's energy division received analyst praise, while concerns about an AI bubble and Bitcoin's bear market were highlighted.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 8:17 pm

AAPL

AMZN

GOOG

MAGS

META

MSFT

NVDA

SPY

TSLA

The 'Magnificent 7' technology companies have driven significant gains in the SPDR S&P 500 ETF Trust (SPY) in 2024. These companies include Microsoft, Apple, NVIDIA, Alphabet, Amazon, Meta Platforms, and Tesla. The Roundhill Magnificent Seven ETF (MAGS) has also seen substantial growth. The combined market cap of these companies is nearing the size of China's projected GDP for 2024. Key factors influencing future performance include AI development, earnings results, regulatory concerns, and the 2024 election.

Portfolio Pulse from Hayden Buckfire

July 05, 2024 | 8:07 pm

UNCY

Unicycive Therapeutics Inc has filed with the SEC for the resale of up to 50 million shares by the selling stockholders.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:03 pm

IVA

Inventiva (NASDAQ: IVA) provided an update on its NATiV3 clinical program evaluating lanifibranor in patients with MASH/NASH. Recruitment is progressing well with over 80% of the targeted patients enrolled in the main cohort and 100% in the exploratory cohort. The first visit of the last patient is expected in the second half of 2024, with topline results anticipated in mid-2026. The company has also strengthened its patent portfolio and is working on securing financing.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:02 pm

LI

NIO

XPEV

Shares of Chinese EV stocks, including LI, NIO, and XPEV, closed lower after the EU reported raised tariffs.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:02 pm

AAPL

Apple has approved Epic Games Sweden AB's marketplace app following an antitrust complaint by Epic Games.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 7:25 pm