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Regulatory

BABA

BIDU

MSFT

OpenAI's decision to end access to its AI development tools in China is expected to reshape the AI sector, benefiting local companies like Baidu and Alibaba. This move highlights growing US-China tech tensions and may disadvantage smaller startups reliant on OpenAI's tools.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 1:33 pm

TEM

Tempus AI, Inc. (NASDAQ:TEM) has received FDA 510(k) clearance for its AI-based Tempus ECG-AF device, which identifies patients at increased risk of atrial fibrillation/flutter. This marks the first FDA clearance for an AF indication in cardiovascular machine learning-based notification software.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:31 pm

IYG

MA

V

XLF

A U.S. District Judge has dismissed a $30 billion antitrust settlement involving Visa and Mastercard, which aimed to cap fees charged to merchants. This decision may lead to further negotiations or a trial. The settlement was opposed by numerous merchants and trade groups, who argued it provided minimal relief and maintained excessive control for Visa and Mastercard.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 1:20 pm

CYCC

VGK

Cyclacel Pharmaceuticals is set to receive a European patent grant for its novel pharmaceutical compositions of Plogosertib, providing exclusivity until August 2040. Applications in other jurisdictions are pending.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:19 pm

RELI

Reliance Global Group, Inc. (NASDAQ:RELI) announced a 1-for-17 reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The reverse split will take effect on June 28, 2024, and the stock will trade on a split-adjusted basis starting July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:18 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

SPOT

EU regulators found that Apple violated the Digital Markets Act by blocking software developers from telling customers how to access content outside the App Store. Apple is also facing a separate investigation for charging a 'core technology fee' for iOS apps in the EU. In the U.S., Apple is defending itself against antitrust charges. The Digital Markets Act aims to limit the monopoly power of tech giants like Apple, Amazon, Alphabet, Microsoft, ByteDance, and Meta. The European Commission is also investigating Alphabet and Meta for similar issues.

Portfolio Pulse from Upwallstreet

June 26, 2024 | 1:17 pm

SNPX

Synaptogenix has received FDA authorization for its Investigational New Drug (IND) application to conduct a trial of Bryostatin-1 in treating Multiple Sclerosis.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:13 pm

KDLY

KindlyMD, Inc. (NASDAQ: KDLY) has successfully registered on SAM.gov and submitted its first grant application for the USDA Rural Utilities Service Distance Learning and Telemedicine Grant Program. This registration opens up numerous federal funding opportunities for the company.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:11 pm

STAF

Trading halt status for STAF was updated at 8:55:00 AM ET. The halt was due to pending news and the resumption times were provided.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:55 pm

OMIC

Trading halt status for OMIC was updated at 8:55:00 AM ET. The halt was due to pending news, and trading is expected to resume shortly.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:55 pm