Streetbeat News

Regulatory

VZ

The FCC has settled with Verizon for over $1 million due to violations related to a 911 outage.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:33 pm

MFG

MUFG

SMFG

Shares of Japanese banks are trading higher amid reports of the Bank of Japan signaling a potential July rate hike.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:26 pm

BTCUSD

SPY

Rep. Matt Gaetz has introduced a bill to allow federal income tax payments using Bitcoin. The legislation aims to modernize the tax system and promote innovation by enabling Bitcoin payments. The bill requires the Treasury to develop regulations for accepting Bitcoin and converting it to dollars immediately upon receipt.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:17 pm

AEHL

CCM

JD

NAAS

YRD

Shares of Chinese stocks are trading lower following the U.S. unveiling rules to curb investments in Chinese technology.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:11 pm

NVO

A recent study has found that Novo Nordisk's drug Saxenda increases bone health risks. The researcher also indicated that similar risks apply to other Novo Nordisk drugs, Ozempic and Wegovy.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:02 pm

FXI

NVDA

SPY

The U.S. has implemented new restrictions that are significantly impacting China's leading companies in the semiconductor industry, which were seen as potential rivals to Nvidia. This move is expected to have a substantial effect on the competitive landscape in the semiconductor market.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:01 pm

VSTO

The sale of Vista Outdoor's ammunition business to Czech company CSG Group is facing scrutiny from the DOJ's antitrust lawyers and the Committee on Foreign Investment in the U.S. (CFIUS). Concerns include market concentration and national security. The DOJ's antitrust inquiry is in early stages, and the CFIUS review could conclude soon. Vista controls a majority of the U.S. primer market, and the acquisition could lead to greater pricing power for CSG. A competing bidder, MNC Capital, has also made a higher offer for Vista's ammunition business.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:56 pm

NVO

Novo Nordisk shares are trading higher following the approval of Wegovy in China.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:43 pm

NSC

Norfolk Southern shares are trading lower as the National Transportation Safety Board holds its final meeting to discuss last year's train derailment that released toxic chemicals in East Palestine, Ohio. Additionally, Susquehanna and Wells Fargo have lowered their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:30 pm

NNE

Nano Nuclear Energy shares have resumed trading, which could indicate a resolution of previous issues or new developments within the company.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:24 pm