Streetbeat News

Regulatory

SPY

VGK

White House Deputy National Security Adviser has warned that Russia's military industrial complex could become stronger than it was before the Ukraine war. He urged for intensified efforts to prevent the circumvention of sanctions.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:50 pm

TDG

TransDigm Group Inc (NYSE:TDG) has agreed to acquire Raptor Scientific for $655 million in cash. Raptor Scientific is a global manufacturer of test and measurement solutions for the aerospace and defense markets. The acquisition is pending regulatory approvals and will be financed using TransDigm's existing cash reserves.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 2:28 pm

SPY

Federal Reserve's Neel Kashkari stated that the likelihood of the Fed raising interest rates is quite low and that rates could remain on hold for an indefinite period.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:24 pm

AAPL

GOOGL

META

TSLA

President Javier Milei of Argentina is visiting California to meet with tech leaders like Tim Cook, Mark Zuckerberg, and Sundar Pichai to promote Argentina's tech sector and economic reforms. Despite domestic challenges, Milei aims to attract international attention and potential investments.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 2:19 pm

AMZN

GOOGL

META

SNAP

A U.S. appeals court is set to hear legal challenges in September regarding a law that could potentially ban TikTok. This development could have significant implications for various tech companies and social media platforms.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:07 pm

SPY

Federal Reserve's Neel Kashkari stated that wage growth remains robust compared to the 2% inflation goal. He also mentioned that while monetary policy is restrictive by most measures, it is not universally so.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:59 pm

SPY

Federal Reserve's Neel Kashkari stated that the U.S. labor market has softened but remains tight. He also mentioned that rate increases are still on the table.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:56 pm

EIS

ISRA

SPY

Israel has provided mediators with an updated proposal for a Gaza hostage-ceasefire deal. This development could have implications for regional stability and related markets.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 1:51 pm

GME

The U.S. financial markets will transition from a T+2 to a T+1 settlement cycle on May 28, 2024. This change aims to reduce counterparty risk and improve liquidity but will require significant operational and technological adjustments. The shift was partly motivated by issues highlighted during the 2021 meme stock frenzy involving GameStop (NYSE:GME).

Portfolio Pulse from Piero Cingari

May 28, 2024 | 1:45 pm

CORT

Corcept Therapeutics (NASDAQ:CORT) announced that its GRACE Phase 3 trial for relacorilant in patients with hypercortisolism met its primary endpoint. The trial showed significant improvements in hypertension and hyperglycemia, and the drug was well-tolerated. The company plans to submit a New Drug Application in Q3. CORT shares rose 11.4% following the news.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 1:39 pm