Streetbeat News

Regulatory

PFE

Pfizer announced that the CDC's Advisory Committee on Immunization Practice has voted to expand the recommendation for the use of certain pneumococcal vaccines, including PREVNAR 20, for all adults aged 50 and older.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:47 pm

PALL

SLX

VGK

The US has requested the G-7 to consider imposing sanctions on Russian palladium and titanium, aiming to pressure President Putin's regime. This move could impact global markets, particularly those related to these metals.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:43 pm

SPY

TLT

The 30-year U.S. Treasury yield has surpassed 4.50%, causing concern in global markets. The iShares 20+ Year Treasury Bond ETF (TLT) and SPDR S&P 500 ETF Trust (SPY) have both declined, reflecting investor apprehension over fiscal policies and inflation. The IMF has issued a pessimistic fiscal forecast for the U.S., predicting a budget deficit of 7.6% of GDP in 2024.

Portfolio Pulse from Piero Cingari

October 23, 2024 | 8:40 pm

SPI

SPI Energy has received a delist determination notice from Nasdaq after failing to comply with Listing Rule 5550(a)(2). As a result, its securities will be delisted from the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:39 pm

AAPL

GS

Apple and Goldman Sachs have been fined $89 million by the CFPB for service breakdowns and misrepresentations affecting Apple Card users. The issues included long refund wait times and incorrect credit reporting. Goldman Sachs is also restricted from launching new credit card products until issues are resolved.

Portfolio Pulse from Aaron Bry

October 23, 2024 | 8:26 pm

BMR

Beamr Imaging has received a Notice of Allowance for its US Patent Application 17/095,765, titled 'Video Coding System (Including An Acceleration Device)'. This development could enhance Beamr's technological offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:01 pm

ISRA

SPY

USO

The article discusses U.S. Secretary of State Antony Blinken's push for a cease-fire in Gaza and Lebanon amid escalating Israeli military actions. Israeli Defense Minister Yoav Gallant threatens Iran, and Lebanon's economy faces potential collapse due to the conflict. The VanEck Israel ETF (ISRA) and SPDR S&P 500 ETF (SPY) saw declines, while oil prices tracked by the United States Oil Fund (USO) also fell.

Portfolio Pulse from Piero Cingari

October 23, 2024 | 7:48 pm

NEE

NextEra Energy is exploring the possibility of restarting its closed Duane Arnold nuclear power plant in Iowa. The company is conducting engineering studies and engaging with U.S. regulators to assess the feasibility of this move.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:24 pm

DJT

The Justice Department has warned Elon Musk's America PAC that its $1 million giveaway to registered voters in swing states may violate federal law. The sweepstakes, aimed at increasing voter registrations, has raised legal concerns as federal law prohibits paying people to register to vote. The PAC has attempted to reframe the giveaway as a payment for a job, but legal experts note that the terms still require participants to be registered voters in specific states.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:09 pm

EPOL

LMT

The U.S. State Department has approved a potential $7.3 billion sale of F-16 Viper Midlife Upgrades to Poland, including logistics and program support. This sale is a significant development in U.S.-Poland defense relations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:05 pm