Streetbeat News

Regulatory

TSM

Democratic Senator Warner has criticized the Biden Administration for insufficient monitoring of TSMC, which allegedly supplied chips used in Huawei products. Warner urges stronger enforcement of U.S. export controls.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:25 pm

FCX

The US SEC is investigating Freeport-McMoRan Inc. for potentially failing to disclose earthquake risks to its $3.7 billion copper smelter in Indonesia.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:23 pm

INTS

Intensity Therapeutics, in collaboration with the Swiss Group for Clinical Cancer Research SAKK, has dosed the first patient in a Phase 2 clinical trial for triple negative breast cancer. The trial tests the efficacy and safety of Intensity's lead drug candidate, INT230-6, combined with Standard-of-Care versus Standard-of-Care alone. The primary endpoint is the change in pathological complete response rates.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:04 pm

NAYA

NAYA Biosciences will present insights on its GPC3-targeting NK engager bispecific antibody, NY-303, at the 2024 SITC meeting. The presentation will support upcoming clinical trials and demonstrate the antibody's potential to enhance immunotherapy effectiveness.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:01 pm

EC

Ecopetrol S.A. received a favorable decision from the Santa Marta Tribunal, allowing the continuation of exploration and production at the Tayrona exploratory drilling area. This decision overturns a previous court ruling that had suspended operations due to a claim by the Indigenous Council of Taganga.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:00 pm

SPY

UUP

The Federal Reserve's preferred inflation measure, the core PCE index, rose slightly more than expected in September, potentially affecting future interest rate cuts. Personal income and spending also increased, while markets showed minimal reaction to the inflation data.

Portfolio Pulse from Piero Cingari

October 31, 2024 | 12:57 pm

INTC

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSM) reports that Super Typhoon Kong-rey is not expected to impact its operations. The company has activated typhoon alert procedures. TSM faces geopolitical challenges, including tensions between the U.S. and China, and has suspended chip shipments to firms linked to Huawei. Intel's comments on Taiwan's geopolitical risks have led TSM to retract discounts for Intel, affecting their partnership. TSM stock is up 92% year-to-date but has seen a recent decline.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 12:45 pm

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX) has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing. The company's stock maintained a closing bid price of at least $1.00 for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:40 pm

SPY

The Core PCE Price Index for September increased by 2.7% year-over-year, slightly above the estimated 2.6%. This indicates a modest rise in inflation, which could influence market expectations regarding interest rates and economic growth.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:30 pm

SRRK

Scholar Rock will present new clinical and biomarker data from the Phase 1 DRAGON trial at the SITC 39th Annual Meeting. The presentation will include safety, efficacy, and biomarker data for SRK-181 in patients with advanced solid tumors.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:24 pm