Streetbeat News

Regulatory

AZTR

Azitra has received a Notice of Allowance for its US patent application titled 'Therapeutic Treatment Of Skin Disease With Recombinant Commensal Skin Microorganisms'. This development could enhance the company's intellectual property portfolio and potentially lead to new therapeutic treatments for skin diseases.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:12 pm

Boeing's stock fell over 6% after CFO Brian West announced negative cash flow for 2024 and delivery delays due to regulatory scrutiny. Production challenges and a slowdown in 737 MAX jetliner output have further complicated the situation.

Portfolio Pulse from Vaishali Prayag

May 23, 2024 | 6:11 pm

BILI

FLJ

MTC

YUMC

Shares of US-listed Chinese stocks are trading lower due to regional tension from China's military drills near Taiwan. Investors are also considering recent property support measures and US tariffs on some sectors.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 6:09 pm

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The Biden administration has urged the U.S. Supreme Court to reconsider a ruling involving 21 pharmaceutical and medical equipment companies accused of funding terrorism in Iraq, resulting in the deaths and injuries of American service members. The companies, including AstraZeneca, Pfizer, GE Healthcare, Johnson & Johnson, and F. Hoffmann-La Roche, allegedly engaged in corrupt practices to secure medical-supply contracts with a militia group. The Justice Department's request follows a precedent set in a previous case involving Twitter.

Portfolio Pulse from Vandana Singh

May 23, 2024 | 6:00 pm

ACHR

Archer Aviation has achieved a significant regulatory milestone as the FAA has issued the final airworthiness criteria for its Midnight aircraft. This development is crucial for Archer as it moves closer to commercializing its electric vertical takeoff and landing (eVTOL) aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:39 pm

ODD

The Law Offices of Frank R. Cruz has announced an investigation into Oddity Tech Ltd. for potential violations of federal securities laws.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:38 pm

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BTCUSD

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SHIBUSD

Cathie Wood's prediction that cryptocurrency will be a significant issue in the 2024 U.S. presidential election appears to be coming true. Both Trump and Biden are adjusting their stances on crypto, with Trump accepting crypto donations and Biden showing signs of regulatory cooperation. This shift could influence young voters, who are increasingly prioritizing cryptocurrency policies.

Portfolio Pulse from Chris Katje

May 23, 2024 | 5:21 pm

FXI

SPY

U.S. officials acknowledge that China has made significant progress on debt restructuring but emphasize that more efforts are needed. This development could impact ETFs with exposure to Chinese markets.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 5:07 pm

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VNQ

XLE

The latest Trader Sentiment Survey from Charles Schwab reveals a decline in retail trader optimism towards the U.S. stock market in Q2 2024, with inflation concerns rising and expectations for Fed rate cuts moderating. Bullish sentiment is highest in the energy sector (XLE) and lowest in real estate (VNQ).

Portfolio Pulse from Piero Cingari

May 23, 2024 | 4:59 pm

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NIO

PGJ

NIO Inc. (NYSE:NIO) shares fell over 8% on Thursday, continuing a trend of losing over 45% in the past year. The company's founder, William Li, announced plans for European expansion despite potential EU tariffs on Chinese EVs. NIO opened a new showroom in Amsterdam and has 43 battery swap stations in Europe. Investors can gain exposure to NIO via KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2024 | 4:49 pm