Streetbeat News

Regulatory

TSLA

Tesla Inc. (NASDAQ:TSLA) will recall nearly 6,000 imported vehicles in China due to faulty seat belt warnings. The recall involves Model 3, S, and X vehicles and will be addressed via an over-the-air software update. This follows a similar recall in the U.S. affecting over 125,000 vehicles.

Portfolio Pulse from Anan Ashraf

June 14, 2024 | 11:51 am

IVVD

Invivyd's investigational monoclonal antibody VYD222 shows continued in vitro neutralization activity against emerging SARS-CoV-2 variants, including KP.1.1 FLiRT and KP.3. The CDC predicts KP.3 will become the dominant variant soon.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:17 am

BRK.A

BYDDF

Chinese automakers, led by Warren Buffett-backed BYD, have outsold U.S. brands for the first time, selling 13.4 million vehicles compared to 11.9 million by American brands. This growth is driven by competitive pricing and expansion into emerging markets, despite rising trade tensions and increased tariffs on Chinese EVs.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 11:01 am

GLD

SPY

UNG

UUP

On June 13th, U.S. stock markets closed mixed with the Nasdaq and S&P 500 reaching record highs. Economic data showed a drop in U.S. producer prices and a rise in jobless claims. The Federal Reserve held interest rates steady. Most S&P 500 sectors fell, while tech and real estate stocks rose. Asian markets were mixed, with Japan's Nikkei 225 gaining and Australia's S&P/ASX 200 declining. European markets continued to decline, and commodities showed mixed performance. The U.S. Dollar Index advanced.

Portfolio Pulse from Akanksha Bakshi

June 14, 2024 | 11:00 am

OPT

Trading halt status updated at 7:00:00 AM ET with news and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 11:00 am

PNM

PNM Resources announced that its unit, Texas-New Mexico Power Company (TNMP), received approval for a $15.7 million annual increase in distribution investment recovery, effective July 28, 2024. This approval allows TNMP to recover over $205 million in net distribution infrastructure investments. Recent legislation permits semi-annual filings, reducing regulatory lag and supporting TNMP's investment plan for reliable growth.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 10:40 am

SPY

VGK

Russian President Vladimir Putin stated that Russia would cease fire and begin negotiations if Ukrainian forces withdraw from four regions claimed by Moscow and if Kyiv abandons its NATO ambitions. Russia also promised to guarantee the safety of withdrawing Ukrainian forces.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 10:35 am

MARA

RIOT

Despite miner capitulation due to Bitcoin's recent halving event, the Bitcoin market remains strong due to high demand. Shares of Marathon Digital Holdings (MARA) fell 1.53%, while Riot Platforms (RIOT) rose 3.2%. Former President Trump expressed support for U.S. Bitcoin mining.

Portfolio Pulse from Aniket Verma

June 14, 2024 | 8:36 am

BEAM

Beam Therapeutics Inc. (NASDAQ:BEAM) has reported data on its improved manufacturing process for BEAM-101, a base editing treatment for sickle cell disease, at the European Hematology Association Hybrid Congress. The optimized process is used in the BEACON Phase 1/2 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:25 am

CRH

CRH and Barro Group's A$2.1 billion acquisition of Adbri has received court and shareholder approval. CRH will acquire the remaining 57% of Adbri shares for A$3.20 per share, with completion expected by July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:31 am