Streetbeat News

Regulatory

GOOG

Alphabet's shares fell significantly after the DOJ's move to force a Google Chrome divestment, but the market reaction may be exaggerated. The DOJ's claim of an illegal monopoly is seen as unconvincing, and a potential spin-off is unlikely to impact Alphabet's revenue or shareholder value significantly.

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November 21, 2024 | 11:00 pm

AMZN

The European Union is reportedly planning to investigate Amazon's marketplace practices, specifically whether it favors its own branded products. This antitrust case is expected to commence in 2025.

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November 21, 2024 | 10:30 pm

GOOG

The Department of Justice (DOJ) is proposing to ban Google from paying for search distribution deals, which could significantly impact Google's search business. This move is causing concern among investors as Google's search dominance heavily relies on distribution agreements.

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November 21, 2024 | 10:15 pm

GOOG

Google is opposing a proposal by the U.S. Department of Justice that calls for the company to divest its Chrome browser as a remedy for antitrust claims. Google labeled the proposal as 'radical' in a recent blog post.

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November 21, 2024 | 10:15 pm

HIMS

The FDA's indecision on whether Zepbound is in shortage is positive news for Hims & Hers, which markets a compounded version of a similar medicine sold by Novo Nordisk.

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November 21, 2024 | 10:15 pm

GOOG

The U.S. Department of Justice has officially filed a proposal to break up Google's monopoly on search, suggesting that Google should sell its Chrome browser. Google plans to contest this proposal.

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November 21, 2024 | 10:15 pm

ZVRA

Zevra Therapeutics has announced the U.S. commercial availability of MIPLYFFA, the first FDA-approved treatment for Niemann-Pick Disease Type C. The drug is now available through Zevra's specialty pharmacy.

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November 21, 2024 | 10:00 pm

CCG

Cheche Group Inc. (NASDAQ: CCG) has received a notification from Nasdaq for non-compliance with the minimum bid price requirement, as its stock has been below $1.00 for 30 consecutive business days. This does not result in immediate delisting.

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November 21, 2024 | 9:45 pm

AWR

American States Water Company announced a proposed decision from the California Public Utilities Commission regarding new water rates for its subsidiary, Golden State Water Company, for 2025-2027. A final decision is expected soon.

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November 21, 2024 | 9:45 pm