Streetbeat News

Regulatory

CPRX

Catalyst Pharmaceuticals has received FDA approval to increase the maximum daily dose of FIRDAPSE for the treatment of Lambert-Eaton Myasthenic Syndrome (LEMS) from 80 mg to 100 mg.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:42 pm

SPY

Federal Reserve's Goolsbee highlights the potential trade-off between inflation and unemployment, while expecting further improvements in supply chains.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:41 pm

SMMT

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

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:40 pm

SMMT

Trading for SMMT was halted at 1:38:50 p.m. ET due to pending news. Investors should stay alert for further updates.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:38 pm

BA

FAA Administrator Mike Whitaker announced that the production of Boeing 737 Max will remain limited until the FAA is satisfied with the aircraft's safety. This decision could impact Boeing's production schedule and financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:36 pm

BA

The FAA Administrator held a news conference after meeting with Boeing's CEO. The discussion likely focused on regulatory and safety issues concerning Boeing's aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:34 pm

HRB

INTU

The IRS is launching a free online tax filing program available to all states, which could impact companies like H&R Block and Intuit that offer paid tax filing services.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:31 pm

AMZN

GOOGL

VCR

WMT

XLY

Amazon's Prime Air has received FAA clearance to operate drones beyond the visual line of sight (BVLOS), marking a significant milestone in its drone delivery expansion. This approval allows Amazon to serve more customers with faster delivery options, particularly in densely populated areas. The company plans to integrate drone deliveries into its broader network later this year. Amazon's stock has gained over 48% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:27 pm

MSFT

OpenAI has terminated accounts linked to covert influence operations, stating that there was no significant audience increase due to their services.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:09 pm

E

IYE

SEPLF

SHEL

TTE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) is renewing its lease on its Lagos office while scaling down operations in Nigeria. The company is relocating staff to a smaller office and is nearing the closure of an asset sale to Seplat Energy (OTC:SEPLF). Other oil companies like Shell (NYSE:SHEL), TotalEnergies (NYSE:TTE), and Eni (NYSE:E) are also planning to exit Nigeria due to security concerns.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 4:49 pm