Streetbeat News

Regulatory

PDD

PDD shares are trading lower due to concerns over election risks and US-China uncertainty.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 4:15 pm

NVO

Novo Nordisk (NYSE:NVO) is under scrutiny for the high prices of its diabetes and obesity drugs, Ozempic and Wegovy. The company retains about 60% of the list price after rebates and fees. Senator Bernie Sanders is urging price reductions, highlighting the disparity between production costs and market prices. Novo Nordisk defends its pricing, citing significant investment in drug development. The potential market for GLP-1 drugs could reach $150 billion by the early 2030s.

Portfolio Pulse from Vandana Singh

May 28, 2024 | 3:59 pm

BTCUSD

ETHUSD

SOLUSD

Bernstein's research report forecasts a significant growth in the market for Bitcoin and Ethereum ETFs, potentially reaching $450 billion. Bitcoin is expected to peak at $150,000 by 2025, driven by institutional adoption and regulatory advancements. The SEC's approval of spot Ether ETFs and classification of Ether as a commodity are key developments.

Portfolio Pulse from Murtuza Merchant

May 28, 2024 | 3:48 pm

NIVF

NewGenIvf Group shares are trading higher after the company announced it received two letters from the Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 3:44 pm

PBR

Petrobras' stock rose following the appointment of Magda Chambriard as the new CEO. Chambriard emphasized the importance of exploring Brazil's Equatorial Margin for oil reserves, despite environmental challenges. Petrobras' recent Q1 FY24 sales and earnings missed expectations.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 3:23 pm

AIQUY

PEP

Western firms like Avon Products, Air Liquide, and Reckitt are facing significant challenges in exiting Russia due to rising costs, bureaucratic hurdles, and geopolitical tensions. Despite the complications, some companies like PepsiCo and Coca-Cola Hellenic continue to operate successfully in the region.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 2:53 pm

SPY

VGK

White House Deputy National Security Adviser has warned that Russia's military industrial complex could become stronger than it was before the Ukraine war. He urged for intensified efforts to prevent the circumvention of sanctions.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:50 pm

TDG

TransDigm Group Inc (NYSE:TDG) has agreed to acquire Raptor Scientific for $655 million in cash. Raptor Scientific is a global manufacturer of test and measurement solutions for the aerospace and defense markets. The acquisition is pending regulatory approvals and will be financed using TransDigm's existing cash reserves.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 2:28 pm

SPY

Federal Reserve's Neel Kashkari stated that the likelihood of the Fed raising interest rates is quite low and that rates could remain on hold for an indefinite period.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:24 pm

AAPL

GOOGL

META

TSLA

President Javier Milei of Argentina is visiting California to meet with tech leaders like Tim Cook, Mark Zuckerberg, and Sundar Pichai to promote Argentina's tech sector and economic reforms. Despite domestic challenges, Milei aims to attract international attention and potential investments.

Portfolio Pulse from Benzinga Neuro

May 28, 2024 | 2:19 pm