Streetbeat News

Regulatory

BNO

SPY

USO

The market summary highlights President Biden's address on AI and foreign policy at the UN, rising oil prices due to China's stimulus and Middle East tensions, and a fall in the S&P 500 due to weak consumer confidence data.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:35 pm

GOOG

MSFT

NVDA

President Biden emphasized the need for global regulations on artificial intelligence (AI) to ensure it aligns with collective values. As AI technology advances, it is crucial to establish rules that guide its development and application.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:35 pm

EWW

VMC

Vulcan Materials has accused Mexico of expropriation, claiming it violates regional trade agreements. This marks an escalation in tensions between the company and the Mexican government.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

VMC

Vulcan Materials has reported that the Mexican government has expropriated its Punta Venado port and Sac Tun quarry. This action could impact Vulcan's operations and financial performance in the region.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

SPY

President Biden expressed optimism about the global situation, emphasizing continued support for Ukraine against Russian aggression. He stated that Putin's war has failed and urged the world to sustain support for Ukraine.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:24 pm

NVO

US Senator Bernie Sanders announced that Pharmacy Benefit Managers (PBMs) have agreed to expand coverage for Novo Nordisk's weight-loss drugs if the company reduces the list price. This development could potentially increase the market reach of Novo Nordisk's products.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:21 pm

TDOC

Lawmakers are drafting a bill to extend telehealth providers' ability to prescribe controlled substances, such as stimulants for ADHD and buprenorphine for opioid addiction, beyond the pandemic-era waivers set to expire at year-end. This move aims to maintain patient access to essential medications.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:17 pm

NVO

Novo Nordisk CEO Lars Jorgensen testified before the Senate regarding the pricing of weight loss drugs. This event could impact Novo Nordisk's stock as it may influence regulatory and public perception of the company's pricing strategies.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:06 pm

CAPR

Capricor Therapeutics Inc (NASDAQ:CAPR) shares surged after announcing plans to file a biologics license application for Deramiocel, targeting Duchenne muscular dystrophy cardiomyopathy. The stock has gained over 55% in a week, bolstered by a European expansion deal and positive analyst ratings.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 2:05 pm