Streetbeat News

Regulatory

IONR

Ioneer's Rhyolite Ridge Lithium-Boron project has received final permit approval from the U.S. Federal Government, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:33 pm

QSR

Burger King has instructed some of its restaurants to dispose of whole onions distributed by Taylor Farms Colorado due to potential issues. The company clarified that there is no crossover with McDonald's for most of its onion facilities.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:31 pm

DJT

SPY

Democratic lawmakers have requested the Department of Justice to appoint a special counsel to investigate Jared Kushner, former President Donald Trump's son-in-law, following a Reuters report on his financial dealings with Saudi Arabia.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:30 pm

ISRA

USO

Oil prices fell as diplomatic efforts for a Gaza cease-fire progress, with US and Israeli officials planning talks in Doha. The United States Oil Fund (USO) dropped 1%, while the VanEck Israel ETF (ISRA) rose 0.3%.

Portfolio Pulse from Piero Cingari

October 24, 2024 | 7:23 pm

AMZN

GOOGL

The UK Competition and Markets Authority (CMA) is investigating Alphabet Inc's $2 billion investment in AI startup Anthropic, raising concerns about potential harm to competition. This follows the CMA's approval of a similar partnership between Amazon and Anthropic. A decision on further investigation is expected by December 19.

Portfolio Pulse from Anusuya Lahiri

October 24, 2024 | 6:57 pm

EWJ

SPY

VGK

Japan's Finance Minister Kato and BOJ Governor Ueda discussed high FX market volatility at the G20, emphasizing vigilance on spill-overs and speculative trading. Ueda noted yen weakness due to U.S. sentiment and high volatility, while expressing optimism about the U.S. economy's sustainability.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:52 pm

MRK

PFE

The CDC's Advisory Committee on Immunization Practices has recommended expanding the use of pneumococcal vaccines from Merck and Pfizer to adults aged 50 and older. This decision is expected to increase vaccine uptake and reduce the burden of pneumococcal disease.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 6:46 pm

NVO

A study by Case Western Reserve University suggests that Novo Nordisk's semaglutide, found in Ozempic and Wegovy, may reduce Alzheimer's risk in type 2 diabetes patients compared to other diabetes drugs. Novo Nordisk is also petitioning the FDA to ban compounded versions of its drugs due to safety concerns.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 6:43 pm

MCD

The FDA is investigating Taylor Farms, a supplier for McDonald's, due to an E. coli outbreak linked to McDonald's Quarter Pounder. Taylor Farms recalled onion products, and McDonald's stopped serving slivered onions in several states. McDonald's stock fell over 4% this week but has slightly recovered.

Portfolio Pulse from Dylan Berman

October 24, 2024 | 6:28 pm

AAL

BA

DAL

JBLU

JETS

LUV

SAVE

UAL

ULCC

The Justice Department and Department of Transportation have launched a public inquiry into competition in the air travel industry, focusing on consolidation, anticompetitive conduct, and other issues affecting air travel availability and affordability.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:10 pm