Streetbeat News

Regulatory

AXP

C

COF

DB

NMR

STT

SYF

Shares of banks and financial services stocks are trading lower due to uncertainty ahead of Wednesday's Fed decision.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 7:09 pm

SPY

President Biden delivered remarks at Everytown's Gun Sense University, focusing on gun control measures and public safety. The speech emphasized the administration's commitment to reducing gun violence through legislative and executive actions.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:39 pm

GSIT

GSI Technology has been granted U.S. Patent #12008068 for in-memory matrix multiplication and its usage in neural networks. This patent could enhance the company's technological capabilities and market position in the AI and neural network sectors.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:37 pm

BIIB

LLY

Eli Lilly's Alzheimer's treatment, donanemab, received a favorable verdict from an FDA advisory committee, boosting its stock potential. BofA analyst Geoff Meacham reiterated a Buy rating with a $1,000 price target for Eli Lilly (LLY). The verdict supports regulatory approval for donanemab, which is expected to have a label similar to Biogen's (BIIB) Leqembi. However, challenges in commercial implementation and potential risks from competing products and drug pricing system restructuring remain.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 6:19 pm

GOOGL

META

MSFT

NVDA

SPY

Senators have introduced a bipartisan bill to establish AI guardrails for the federal government, aiming to ensure the safe and secure adoption of artificial intelligence technologies.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:18 pm

USDTUSD

Tether Holdings plans to invest over $1 billion in AI, biotech, and financial infrastructure over the next 12 months. The company is diversifying its business model beyond stablecoins, maintaining a strong reserve strategy, and expanding into digital token bonds and equity issuance.

Portfolio Pulse from Khyathi Dalal

June 11, 2024 | 6:11 pm

LI

NIO

XPEV

Shares of Chinese EV stocks, including LI, NIO, and XPEV, are trading lower due to reports that the EU is expected to unveil tariffs this week.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:09 pm

BA

ITA

MISL

Boeing Company (NYSE:BA) shares are trading lower due to reduced production and delivery of aircraft, regulatory scrutiny, and a decrease in backlog. The stock has lost over 16% in the past year. Investors can gain exposure through IShares U.S. Aerospace & Defense ETF (BATS:ITA) and First Trust Indxx Aerospace & Defense ETF (NYSE:MISL).

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 6:02 pm

FDIS

TSLA

XLY

Nordic brokerages Avanza and Nordnet are allowing their clients to vote at Tesla's AGM for the first time, reflecting increased investor interest and comments from CEO Elon Musk. This move comes as Tesla seeks support for Musk's $56 billion compensation package, which has faced opposition from proxy advisory firms. Tesla stock has declined over 27% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 6:00 pm

BSGM

BioSig Technologies shares are trading lower after the company was notified by the Nasdaq Hearings Panel that its common stock will be delisted from the Nasdaq Stock Market due to non-compliance with the minimum stockholders' equity requirement.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:52 pm