Streetbeat News

Regulatory

MSFT

PLUG

Plug Power, Inc. (NASDAQ:PLUG) has achieved certification for its one megawatt high-powered stationary system, marking a significant milestone in its green hydrogen expansion. The company has also made strides in the stationary power market with installations for Microsoft Corporation (NASDAQ:MSFT) and other customers. Plug Power aims to prioritize equipment sales and profitability through pricing increases and vertical integration.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 4:21 pm

AAPL

PFE

The U.S. Supreme Court has upheld a 2017 tax on foreign profits for American-owned businesses, which is expected to generate $340 billion over 10 years, impacting multinational companies like Apple Inc. (NASDAQ:AAPL) and Pfizer (NYSE:PFE).

Portfolio Pulse from Michael Juliano

June 20, 2024 | 4:14 pm

VFF

Village Farms International, Inc. (NASDAQ:VFF) plans to enter the Dutch recreational cannabis market through its subsidiary Leli Holland. Production is set to begin in Q4 2024, with sales starting in Q1 2025. The company aims to leverage its Canadian success and EU-GMP certification to expand in Europe.

Portfolio Pulse from Javier Hasse

June 20, 2024 | 4:08 pm

MU

Micron shares are trading lower due to reports that environmental requirements have delayed the groundbreaking of its Syracuse fabs to 2025.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 4:04 pm

ZNTL

Zentalis Pharmaceuticals shares are trading higher after a previous decline due to a partial clinical hold.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:45 pm

EIS

SPY

The White House has confirmed that the U.S. continues to assist Israel with its self-defense needs, denying any claims that support has been stopped.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:43 pm

BITW

ETHUSD

Pantera Capital is considering a $100 million investment in Bitwise's spot Ethereum ETF, pending regulatory approval. The investment could significantly impact the market, potentially increasing interest in Ethereum and other crypto assets.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 3:35 pm

EWU

FKU

FLGB

The Bank of England decided to keep its interest rate steady at 5.25%, while the Swiss National Bank cut its key rate from 1.5% to 1.25%. This led to a slight uptick in UK-related ETFs, including iShares MSC United Kingdom ETF (EWU), Franklin FTSE United Kingdom ETF (FLGB), and First Trust United Kingdom AlphaDEX Fund (FKU). The U.S. Federal Reserve is speculated to cut rates in September.

Portfolio Pulse from Michael Juliano

June 20, 2024 | 3:29 pm

MU

Micron Technology (NASDAQ:MU) faces delays in its semiconductor fab project in Syracuse, NY due to environmental issues involving endangered bat species. The project, which aims to create 9,000 jobs, is now pushed to 2025. Despite this, analysts remain optimistic about Micron's Q4 performance due to strong DRAM and NAND pricing.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 3:28 pm

SPY

Director of the National Economic Council, Brainard, expressed optimism about further progress on inflation, noting that Q1 inflation aberrations have not continued into Q2. However, there has not been enough progress on housing and healthcare prices.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 3:26 pm