Streetbeat News

Regulatory

BNAI

At the Benzinga virtual event, Paul Chang, co-CEO of Brand Engagement Network (NYSE:BNAI), highlighted the company's AI advancements, HIPAA compliance, and commitment to security and privacy. BNAI's stock surged 140% following the presentation.

Portfolio Pulse from Abbey Higginbotham

May 31, 2024 | 7:25 pm

EIS

SPY

Bipartisan leaders have officially invited Israeli Prime Minister Benjamin Netanyahu to address Congress. This invitation comes amid ongoing conflict between Israel and Hamas in Gaza.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 7:09 pm

EWC

Canada plans to end media lockups for some statistics starting July 1, while maintaining lockups for key economic indicators such as inflation, jobs, GDP, retail, and trade data.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:56 pm

LFMD

LifeMD has filed a prospectus related to the resale of up to 1.3 million shares of common stock held by selling stockholders, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:31 pm

IONS

Ionis Pharmaceuticals announced positive Phase 3 results for donidalorsen in treating hereditary angioedema (HAE). The drug showed significant reductions in HAE attack rates and was well-tolerated. Ionis plans to seek FDA approval, and analysts see strong growth potential for the company.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 6:25 pm

MRNA

Moderna shares are trading lower despite FDA approval of mRESVIA. The stock may be pulling back after strength in the past month.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:24 pm

AMD

ARM

AVGO

MU

NVDA

QCOM

SMCI

SMH

SOXX

STX

TSM

WDC

The Biden Administration's new AI chip export restrictions to the Middle East have caused a selloff in the semiconductor sector. ETFs like VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX) are down nearly 3%. Key companies affected include Nvidia (NVDA), AMD, TSMC, Broadcom (AVGO), Qualcomm (QCOM), Micron (MU), Arm Holdings (ARM), and Super Micro Computer (SMCI). Despite the selloff, Mizuho analyst Vijay Rakesh reiterated Buy ratings on QCOM, MU, Western Digital (WDC), and Seagate Technology (STX), citing upcoming catalysts.

Portfolio Pulse from Anusuya Lahiri

May 31, 2024 | 6:21 pm

BMY

The FDA has expanded the approval of Bristol Myers Squibb's Breyanzi, a CAR T cell therapy, to include relapsed or refractory mantle cell lymphoma (MCL). This makes Breyanzi the CAR T cell therapy available for the broadest range of B-cell malignancies. The approval is based on positive results from the TRANSCEND NHL 001 trial.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 6:14 pm

NVS

Novartis AG (NYSE:NVS) has filed a lawsuit to block a Maryland law requiring drugmakers to offer discounts on drugs dispensed by third-party pharmacies contracting with hospitals and clinics serving low-income populations. The law, set to take effect on July 1, conflicts with the federal 340B drug discount program. Novartis argues that the law attempts to regulate interstate commerce outside of Maryland and complicates recordkeeping and transparency.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 6:12 pm

LLY

NVO

Novo Nordisk (NYSE:NVO) has filed lawsuits against nine additional U.S. clinics for selling fake semaglutide products, bringing the total to 21 lawsuits. Some products were found to be up to 33% impure. Eli Lilly (NYSE:LLY) has also taken legal action against clinics selling counterfeit tirzepatide products.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 6:08 pm