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Regulatory

GLD

SLV

British economist Philip Pilkington warns that the next U.S. recession could lead to a significant decline in American living standards due to private foreign investors dumping U.S. Treasuries. The article also mentions the iShares Silver Trust (SLV) and Ethereum (ETH) making new highs.

Portfolio Pulse from David Pinsen

May 21, 2024 | 6:53 pm

WORX

SCWorx Corp. has received a notice from Nasdaq for failing to timely file its Form 10-Q for the period ended March 31, 2024, and remains delinquent in filing its Form 10-K for the year ended December 31, 2023. This failure violates Nasdaq Listing Rule 5250(c)(1).

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:40 pm

BIIB

LRMR

Larimar Therapeutics announced that the FDA has lifted the partial clinical hold on its investigational drug nomlabofusp (CTI-1601) for Friedreich’s Ataxia. The decision follows positive data from a Phase 2 study. Nomlabofusp showed promising results in increasing frataxin levels and was well-tolerated. The ongoing OLE study will further evaluate its safety and efficacy. William Blair reiterates an Outperform rating on Larimar. The stock rose 10.66% following the news.

Portfolio Pulse from Vandana Singh

May 21, 2024 | 6:39 pm

AMC

GME

Robert F. Kennedy Jr. announced his purchase of GameStop shares to support the retail investor movement, highlighting his stance on market transparency and regulatory reforms. This move could validate the meme stock movement and attract support from retail traders and cryptocurrency investors.

Portfolio Pulse from Chris Katje

May 21, 2024 | 6:37 pm

GH

Guardant Health Inc (NASDAQ:GH) faces concerns from FDA staff reviewers regarding its experimental blood test for colorectal cancer, Shield, which may not detect some tumor types that could become cancerous. The FDA's Molecular and Clinical Genetics Panel will review the premarket approval application on May 23. Despite the concerns, the test's potential benefits in improving compliance and early detection were acknowledged. GH shares are down 2.62% at $24.12.

Portfolio Pulse from Vandana Singh

May 21, 2024 | 6:36 pm

AAL

ALK

DAL

JBLU

LUV

SAVE

UAL

ULCC

Airlines are urging the FAA to increase air traffic controller staffing, citing the need for urgent hiring to address current shortages.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:35 pm

AONC

American Oncology Network (NASDAQ:AONC) announced its decision to voluntarily delist its Class A common stock and warrants from Nasdaq. The last trading day is expected to be on or about June 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:32 pm

FXI

SPY

TSLA

VGK

China is considering raising tariffs on imported cars with large-displacement engines in response to recent US and EU trade actions against Chinese-made electric vehicles. This move could impact US and European carmakers and further strain trade relations.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:30 pm

APVO

Aptevo Therapeutics has been granted Canadian Patent Number 2999138 titled 'CD3 Binding Polypeptides (for the Treatment of Cancer)'.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:22 pm

PRGO

Donald J. Trump has posted on Truth Social denying any support for restrictions on birth control or contraceptives, calling such claims misinformation fabricated by Democrats.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 6:08 pm