Streetbeat News

Regulatory

ASND

The FDA has extended the review date for Ascendis Pharma's (NASDAQ: ASND) TransCon PTH for hypoparathyroidism by three months to August 14, 2024. This extension is due to a major amendment in the New Drug Application. Despite the delay, patients in clinical trials and the Expanded Access Program will continue to receive the medication.

Portfolio Pulse from Vandana Singh

May 15, 2024 | 3:57 pm

PBR

Petrobras shares have been halted pending news. Investors are awaiting further information that could impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:36 pm

DJT

SPY

The Trump campaign has proposed additional debates for the upcoming election cycle, suggesting debates in June, July, August, and September, in addition to the Vice Presidential debate.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:32 pm

SPXL

SPXS

SPY

The SPDR S&P 500 (SPY) reached a new all-time high after a favorable U.S. inflation report. The central bank is expected to hold rates steady until September, with a potential rate cut. Traders can use Direxion ETFs (SPXL for bullish and SPXS for bearish positions) to play the SPY's movements.

Portfolio Pulse from Melanie Schaffer

May 15, 2024 | 3:30 pm

META

Meta Platforms Inc (NASDAQ:META) is launching a third-party fact-checking program for its social media platform Threads. This move comes ahead of the 2024 presidential election and aims to combat misinformation. Meta has faced criticism for its content moderation policies and is under scrutiny from the European Union and a lawsuit from Robert F. Kennedy Jr.

Portfolio Pulse from Hayden Buckfire

May 15, 2024 | 3:20 pm

ABT

The FDA has announced that Abbott is recalling its Heartmate 3 Left Ventricular Assist System Implant Kit due to a risk of blood leakage. The recall has been classified as Class I, the most serious type. Abbott has reported 81 incidents, including 70 injuries and two deaths related to the issue.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:13 pm

BLK

COIN

GS

Circle Internet Financial, the issuer of the USDC stablecoin, is relocating its headquarters from Ireland to the United States amid a market rebound. This move comes as USDC's circulation has increased from $24 billion to $33 billion. The relocation may expose Circle to higher taxes but aligns with recent OECD tax reforms. Circle is backed by major Wall Street firms and cryptocurrency companies.

Portfolio Pulse from Murtuza Merchant

May 15, 2024 | 2:37 pm

SPY

U.S. Federal Reserve Vice Chair for Supervision Michael Barr stated that no decision has been made yet on whether to repropose the 'Basel III Endgame' proposal.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:34 pm

YTEN

Yield10 Bioscience shares are trading lower after the company announced that it received a final delisting notice from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:28 pm

ETHUSD

GME

USDCUSD

Polymarket, a crypto prediction market platform, has secured $70 million in funding led by Peter Thiel's Founders Fund and backed by Ethereum co-founder Vitalik Buterin. Despite regulatory challenges from the CFTC, the platform continues to grow, focusing on non-U.S. markets.

Portfolio Pulse from Murtuza Merchant

May 15, 2024 | 2:27 pm