Streetbeat News

Regulatory

GPAK

Gamer Pakistan has received a delisting notification from Nasdaq and plans to request a hearing before a panel following the June 4, 2024 notification.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:01 pm

INDV

Indivior has initiated a Phase 2 study for INDV-2000, a non-opioid treatment for Opioid Use Disorder. The study will assess the safety and efficacy of INDV-2000 over three months in treatment-seeking individuals.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:31 pm

WAVS

Western Acquisition Ventures Corp. (NASDAQ:WAVS) received a deficiency notification from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2024. The notice has no immediate effect on the listing or trading of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 6:04 pm

DJT

Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading lower after the company filed an amended S-1 with the SEC for the issuance of up to 14.4 million common shares and resale of 146.1 million shares by selling stockholders. The company will not receive proceeds from the sale except for possible future warrant exercises.

Portfolio Pulse from Adam Eckert

June 10, 2024 | 5:56 pm

GS

MRNA

Moderna expects to file for approval of its RSV vaccine for adults aged 18-59 in 2024, as stated by a company executive at a Goldman Sachs conference.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 5:51 pm

UNG

VGK

Europe is engaging in negotiations to ensure the continued flow of gas through the Russia-Ukraine pipeline, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 5:44 pm

META

VOX

XLC

Meta Platforms Inc. (NASDAQ:META) plans to use public social media content from Europe to train its AI models, aligning its data usage policies with other regions. This decision follows previous hesitations due to EU privacy regulations. Advocacy group NYOB has filed complaints against Meta's notifications, arguing they don't meet EU standards. Meta's stock has gained 84% in the last 12 months. Investors can gain exposure via Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 5:37 pm

STLA

Stellantis N.V. (NYSE:STLA) owned Chrysler is recalling over 211,000 Dodge Durango and Ram 2500 and 3500 vehicles in the U.S. due to a software glitch that may disable the electronic stability control system, increasing the risk of crashes. This follows a previous recall of nearly 340,000 Jeeps in February for a separate issue.

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 5:15 pm

TSLA

Donald Trump has shown mixed opinions on electric vehicles (EVs) and Tesla CEO Elon Musk in recent speeches. While praising Musk and Tesla in Arizona, he criticized the EV sector's infrastructure and impact on bridges in a Las Vegas rally. This could indicate a strategic move to win over voters or a genuine shift in opinion.

Portfolio Pulse from Chris Katje

June 10, 2024 | 4:55 pm

GOOG

SNOW

Snowflake Inc (NYSE:SNOW) shares are falling due to a blog post by Alphabet Inc's (NASDAQ:GOOG) cybersecurity subsidiary Mandiant, which revealed a cyber attack targeting Snowflake customer database instances. The attack, attributed to threat actor UNC5537, involves data theft and extortion using compromised customer credentials. Mandiant and Snowflake are investigating and coordinating with law enforcement.

Portfolio Pulse from Adam Eckert

June 10, 2024 | 4:43 pm