Streetbeat News

Regulatory

TSLA

A California administrative judge has denied Tesla's request to dismiss claims by the state's DMV alleging the company misled consumers about its self-driving capabilities. The DMV's accusations will be formally reviewed on September 9. This could impact Tesla's ability to sell vehicles in California and may require compensation to vehicle owners.

Portfolio Pulse from Anan Ashraf

June 11, 2024 | 8:06 am

TIPT

Tiptree's subsidiary, Fortegra, has received a license to operate in Belgium and the European Union, expanding its market reach.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:59 am

CXW

CoreCivic faces contract termination by ICE for the South Texas Family Residential Center, leading to the suspension of its 2024 financial guidance and projecting an earnings drop of $0.38-$0.41 per share.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:12 am

NRG

NRG has submitted an application to the Texas Energy Fund to strengthen ERCOT's dispatchable power capacity with three new projects totaling over 1,600 megawatts. These projects are expected to be completed by summer 2026, pending timely approval.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:05 am

LYFT

UBER

A U.S. appeals court has rejected Uber and Postmates' challenge to California's AB5 law, which could force them to classify drivers as employees. Uber maintains that drivers remain contractors under Proposition 22, which is under separate review. The ruling is part of a broader national debate on gig economy regulations.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 5:56 am

MSFT

Bill Gates' TerraPower has started construction on an advanced nuclear power plant in Wyoming, aiming to provide safe, abundant, zero-carbon energy. The project, located next to PacifiCorp’s Naughton Power Plant, will use sodium for cooling and is expected to be operational by 2030. This marks a significant step in reducing fossil fuel reliance and combating climate change.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 5:29 am

BTCUSD

Edward Snowden criticized Senator Elizabeth Warren's anti-Bitcoin stance by comparing it to the Chinese Communist Party's perspective. Snowden's remarks were made in a cheeky X post.

Portfolio Pulse from Aniket Verma

June 11, 2024 | 2:58 am

KPRX

Trading for Kiora Pharmaceuticals, Inc. (KPRX) was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 11:50 pm

GNFT

Trading for GNFT was halted and has now resumed as of 5:50:00 PM ET. Investors should be aware of the potential volatility following the resumption of trading.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 9:50 pm

GNFT

IPSEY

GENFIT's Iqirvo, the first-ever drug developed in-house by the company, has received FDA approval. GENFIT is set to receive a €48.7 million milestone payment from Ipsen upon the first commercial sale in the U.S., along with tiered double-digit royalties up to 20%.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 9:26 pm