Streetbeat News

Regulatory

APIE

BCS

DFIV

Barclays PLC (NYSE:BCS) shares are trading lower on Friday following a directive from the Prudential Regulation Authority (PRA) to review its leveraged finance exposure. This move is part of a broader examination of U.K. banks' risk management in private equity investments. Barclays will conduct the review through a section 166 report. Despite reporting strong first-quarter FY24 net income, BCS stock is down 3.3% at $10.25. Investors can also gain exposure to Barclays via the Dimensional International Value ETF (NYSE:DFIV) and ActivePassive International Equity ETF (NYSE:APIE).

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 2:40 pm

ETRN

Mountain Valley Pipeline has entered service to meet public demand and complies with all legal and regulatory requirements. It is available for short-term transportation until long-term capacity starts on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:37 pm

RNLX

Renalytix shares are trading higher after the company announced that Medicare issued a final Local Coverage Determination for its kidneyintelX.dkd testing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:32 pm

IEUR

META

VGK

Meta has decided not to launch its Meta AI in Europe following a request from the Irish privacy regulator. The company views this as a setback for European innovation and AI competition.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:31 pm

RNLX

Renalytix announced that Medicare has issued a final local coverage determination for its kidneyintelX.dkd testing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:30 pm

COIN

XRPUSD

Coinbase CEO Brian Armstrong emphasized the need for bipartisan support for cryptocurrency regulation, highlighting the current 'untenable' regulatory situation. Armstrong's comments came during a discussion with Ark Invest CEO Cathie Wood, who noted Donald Trump's recent pro-crypto stance. Armstrong stressed the importance of clear rules and mentioned his meetings with 13 senators. The crypto industry is pooling resources to support pro-crypto candidates, with significant donations to political action committees.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 2:23 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) has officially moved its incorporation from Delaware to Texas following a shareholder vote. This move aligns Tesla’s legal domicile with its physical headquarters in Austin, Texas. The decision follows a Delaware judge's dismissal of Elon Musk's $56 billion compensation package, which shareholders reapproved. Tesla aims to develop revolutionary technologies, including AI, and has achieved significant milestones in 2023.

Portfolio Pulse from Michael Cohen

June 14, 2024 | 2:22 pm

HSY

Ivory Coast's cocoa regulator is set to implement reforms aimed at reducing the influence of intermediary buyers and decreasing the number of permits. These changes are expected to take effect in the 2024/2025 season starting in October.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:15 pm

SWBI

The U.S. Supreme Court has ruled in favor of a challenge to the federal ban on gun 'bump stock' devices. This decision could have implications for companies involved in the manufacturing and sale of firearms and related accessories.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:10 pm

EQNR

EWU

Equinor has suspended the sale of its UK North Sea Rosebank project ahead of the upcoming UK elections. This decision could impact the company's strategic plans and market perception.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:01 pm