Streetbeat News

Regulatory

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Large bank stocks, including Goldman Sachs, JPMorgan, and Wells Fargo, have surged due to optimism for an economic 'soft landing.' The Invesco KBW Bank ETF and SPDR S&P Bank ETF have also seen significant gains. Bank of America has issued a positive outlook for the banking sector, highlighting the potential impact of the 2024 U.S. Election and changes in Basel III regulations. Despite recent declines in stock prices, BofA maintains Buy ratings for several major financial institutions.

Portfolio Pulse from Hayden Buckfire

June 03, 2024 | 4:18 pm

EIS

SPY

USO

The White House announced that if Hamas accepts the Gaza proposal and Phase One begins, the first batch of hostages would be released, and Israel would withdraw its military from population centers.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:14 pm

AGIO

Agios Pharmaceuticals Inc. (NASDAQ: AGIO) shares surged after the Phase 3 ENERGIZE-T study of mitapivat in adults with transfusion-dependent alpha- or beta-thalassemia met its primary and secondary endpoints, showing significant reduction in transfusion burden compared to placebo. The company plans to submit a U.S. marketing application for Pyrukynd (mitapivat) by the end of 2024.

Portfolio Pulse from Vandana Singh

June 03, 2024 | 4:11 pm

CRNX

Crinetics Pharmaceuticals presented new data from its Phase 3 PATHFNDR-2 trial at ENDO 2024, showing promising results for its oral, once-daily treatment for acromegaly, paltusotine. The data indicate rapid and sustained IGF-1 responses and fewer symptom exacerbations compared to standard care. Crinetics plans to complete the NDA submission for paltusotine in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 4:02 pm

GOOG

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Google announced that starting in June 2024, its Google Ads Healthcare & Medicines Policy will be updated to allow online pharmacies to promote their services in Estonia and Lithuania.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:56 pm

LGMK

LogicMark has received a Notice of Allowance for its US patent application titled 'Environment Sensing For Care Systems'. This development could enhance the company's product offerings in the care systems market.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:56 pm

SPY

President Biden is expected to sign an executive order that bans migrants who cross the border illegally from claiming asylum, allowing for their quick deportation back to Mexico or their home countries.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:53 pm

CDXC

ChromaDex has received Orphan Drug Designation from the FDA for its Nicotinamide Riboside Chloride for the treatment of Ataxia Telangiectasia.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:51 pm

TLT

UUP

U.S. manufacturing activity contracted more than expected in May, leading to a decline in Treasury yields and a weakening of the U.S. dollar. The iShares 20+ Year Treasury Bond ETF (TLT) rallied by 0.9%, while the Invesco DB USD Index Bullish Fund ETF (UUP) fell by 0.4%. Traders increased their bets on a September rate cut.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 3:50 pm

DNLI

Denali Therapeutics shares are trading higher after the FDA selected DNL126 for participation in the Support for clinical Trials Advancing Rare disease Therapeutics Pilot Program.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:49 pm