Streetbeat News

Regulatory

KZIA

Kazia Therapeutics has been granted an additional 180 days by Nasdaq to regain compliance with the Minimum Bid Price Requirement. The company has until November 18, 2024, to ensure its stock price meets the $1.00 per share minimum for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:14 am

FXI

China's President Xi Jinping has announced a deepening of reforms aimed at addressing systemic and institutional obstacles, as well as structural conflicts. The reforms will involve both destruction and construction, according to state media.

Portfolio Pulse from Charles Gross

May 23, 2024 | 11:13 am

GH

Guardant Health's stock trading has been temporarily halted as the FDA's Molecular and Clinical Genetics Panel reviews the premarket approval application for Shield, a blood test for colorectal cancer screening.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:11 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs have seen significant inflows, totaling $154 million on May 22, with BlackRock's Bitcoin ETF (IBIT) and Fidelity's Bitcoin ETF (FBTC) leading the way. In contrast, Grayscale's Bitcoin Trust (GBTC) experienced outflows. Ethereum ETFs, however, have had a lukewarm reception, particularly in Hong Kong. The SEC's potential approval of an Ethereum ETF has sparked debate within the crypto community.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 11:03 am

TNGX

Tango Therapeutics has discontinued its TNG348 program due to Grade 3/4 liver function abnormalities observed in patients after eight weeks. The program was in a phase 1/2 clinical trial for BRCA1/2-mutant and HRD+ cancers. No patients had received the combination of TNG348 and olaparib.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:01 am

BA

ITA

PPA

Boeing's aircraft deliveries to China are delayed due to a regulatory review of cockpit voice recorder batteries by Chinese authorities. The company is working with Chinese clients on delivery schedules, but the impact on delivery targets remains uncertain. Trade tensions between the U.S. and China and new tariffs are compounding the issues. Boeing's stock has declined by 8% over the past year.

Portfolio Pulse from Shivani Kumaresan

May 23, 2024 | 10:57 am

GH

Trading for a company has been halted at 6:55:00 a.m. ET due to pending news. This halt indicates that significant information is expected to be released soon, which could impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:55 am

GLD

SPY

UNG

USO

U.S. stock markets closed lower due to disappointing inflation data and prolonged disinflation expectations. U.S. existing home sales declined by 1.9% in April. The Fed minutes revealed concerns about persistent inflation and potential further policy tightening. Most S&P 500 sectors fell, with utilities, energy, and materials suffering the most. In Asia, Japan's Nikkei 225 gained, while Australia's S&P/ASX 200 and China's Shanghai Composite fell. European markets saw modest gains. Commodities saw mixed movements, with gold retreating from record highs.

Portfolio Pulse from Akanksha Bakshi

May 23, 2024 | 10:33 am

EM

Smart Share Global has regained compliance with the Nasdaq minimum bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:31 am

FXI

SPY

VGK

U.S. Treasury Secretary Janet Yellen stated that China appears to be a significant source of goods for Russia's war effort in Ukraine. This statement could have implications for U.S.-China relations and the broader geopolitical landscape.

Portfolio Pulse from Charles Gross

May 23, 2024 | 9:30 am