Streetbeat News

Regulatory

FANG

Diamondback Energy shares are trading lower following a report suggesting that the FTC is probing the company over OPEC communications.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:54 pm

HIMS

Hims & Hers Health shares are trading lower following a report suggesting that the company is voluntarily cooperating with a FTC inquiry.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:42 pm

HES

OXY

The FTC is investigating executives from Hess and Occidental for potential coordination with OPEC on price and supply. This antitrust probe seeks to uncover any signs of collusion that could affect market dynamics.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:41 pm

HIMS

Hims & Hers Health Inc. is voluntarily cooperating with an inquiry by the Federal Trade Commission (FTC).

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:34 pm

SPY

All U.S. Edgar Online Services have been restored, according to a statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:28 pm

BTCUSD

Dennis Porter, CEO of Satoshi Act Fund, suggests integrating Bitcoin into the U.S. Exchange Stabilization Fund (ESF) as a strategic reserve asset. This could stabilize the dollar and provide liquidity during financial crises. Porter also proposes an executive order to transfer confiscated Bitcoin to the ESF.

Portfolio Pulse from Murtuza Merchant

July 19, 2024 | 7:08 pm

CNH

DVA

DaVita Inc. (NYSE:DVA) agreed to pay $34.5 million for allegedly paying kickbacks to competitors and physicians for patient referrals, violating the False Claims Act. Gentiva Health Services will pay $19.4 million for submitting false claims for ineligible hospice services. Hemisphere GNSS, acquired by CNH Industrial N.V. (NYSE:CNH), will pay $2.6 million for false claims related to a Paycheck Protection Program loan.

Portfolio Pulse from Michael Juliano

July 19, 2024 | 6:35 pm

RIVN

TSLA

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading slightly lower with the broader market, but the stock remains up by nearly 50% over the past month. Rivian has seen a 76.7% increase in vehicle registrations in California this year, while Tesla, Inc. (NASDAQ:TSLA) registrations have fallen 17%. Analysts have updated their ratings and price targets for Rivian, with most maintaining positive outlooks. The broader economic environment, including potential interest rate cuts, could be favorable for the EV sector.

Portfolio Pulse from Erica Kollmann

July 19, 2024 | 6:15 pm

COSM

Cosmos Health has regained compliance with Nasdaq's minimum bid price rule, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 6:10 pm

STLA

Stellantis, the parent company of Chrysler, has paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements and owes an additional $459.7 million.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 5:56 pm