Streetbeat News

Regulatory

SPY

Hurricane Milton has rapidly intensified into a Category 5 storm, prompting President Biden to declare a state of emergency in Florida. This development could have significant economic impacts, particularly in sectors like insurance, construction, and retail, as the state braces for potential damage and recovery efforts.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:51 pm

FSM

Fortuna Mining Corp. has confirmed that the Burkina Faso government has no plans to withdraw existing mining permits, ensuring the continued operation of its Yaramoko Mine. The mine is compliant with local laws and contributes significantly to Fortuna's gold production.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:41 pm

HOOD

Donald Trump is considering Dan Gallagher, Robinhood's Chief Legal Officer, for SEC Chair if re-elected. Gallagher, a former SEC commissioner, is known for his political acumen and has been critical of current SEC crypto regulations. This move highlights the revolving door between government and industry.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 4:31 pm

EIS

ISRA

President Biden and Israel's President Herzog discussed efforts to secure a deal in Gaza to bring hostages home, ensure Israel's security, and alleviate Palestinian suffering.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:10 pm

BFRI

Biofrontera's shares are trading lower following the FDA's approval of a supplemental New Drug Application (sNDA) to increase the maximum dosage of Ameluz from one to three tubes per treatment.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:04 pm

USO

Oil prices have surged due to escalating tensions in the Middle East, particularly between Israel and Iran, marking the strongest five-day rally in two years. The United States Oil Fund (NYSE:USO) has seen crude oil prices rise above $75 a barrel. Concerns about potential disruptions in oil supply from the region, especially the Strait of Hormuz, are driving this increase.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 3:42 pm

INDV

Indivior's SUBLOCADE has received FDA priority review for a potential label expansion, with a PDUFA date set for February 7, 2025. The expansion could include rapid induction and alternative injection sites.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:31 pm

GTE

Gran Tierra Energy's acquisition of i3 Energy has been approved by i3 Energy shareholders, marking a significant step towards the completion of the deal. The acquisition is expected to be finalized by October 31, 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:23 pm

GILD

Gilead Sciences presented data from the PURPOSE 2 trial at the HIVR4P conference, showing that its drug Lenacapavir reduced HIV infections by 96% among cisgender men and gender-diverse people. Gilead plans to file for regulatory approval for Lenacapavir as PrEP by the end of 2024 and aims to expand access in high-incidence, resource-limited countries.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:04 pm

FXI

Goldman Sachs predicts China's stock market rally could extend another 15% to 20% due to policy support, low valuations, reduced investment risk, and potential earnings growth. Despite challenges, the market has seen significant gains driven by Beijing's stimulus measures.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:01 pm