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Regulatory

CNTB

Connect Biopharma presented positive results from its Phase 2b trial of Rademikibart for moderate-to-severe asthma at the ATS 2024 conference. The treatment showed significant improvements in lung function and asthma control, sustained through Week 24. An End of Phase 2 meeting with the FDA is scheduled for Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:14 pm

DIA

QQQ

SPY

UUP

The minutes from the May FOMC meeting indicate a prolonged period of high interest rates, countering earlier dovish signals from Fed Chair Jerome Powell. Key points include the persistence of inflation, the effectiveness of current policy, and the potential for further tightening. Financial experts highlight the impact on market fluctuations and the challenges faced by the Fed. Major indices closed lower, and the dollar gained ground.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 8:05 pm

GFS

GlobalFoundries Inc has filed a stock shelf registration with the SEC, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:05 pm

AGMH

AGM Group has received a delayed filing notification from Nasdaq, indicating that the company has not met the required deadline for submitting its financial reports.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 8:00 pm

BA

FXI

Boeing's plane deliveries to China have been delayed due to a Chinese review of the batteries used in the cockpit voice recorder. Boeing is working with Chinese customers on the timing of deliveries as Chinese regulators complete their review.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:40 pm

BNO

SPY

USO

The S&P 500 fell following the release of cautious Federal Reserve minutes. Goldman Sachs CEO David Solomon stated that he does not expect any rate cuts this year. Additionally, US crude inventories have risen.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:36 pm

SPY

The CDC has reported a second human case of H5 bird flu linked to a dairy cow outbreak in Michigan. Despite this, the risk assessment for the general public remains low.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:36 pm

EWU

FLGB

UK Prime Minister Rishi Sunak has announced a snap election for July 4, aiming to address a significant polling deficit against the Labour Party. The UK is currently in a recession, and the Conservative Party is struggling with low support following the controversial tenure of former PM Liz Truss.

Portfolio Pulse from Hayden Buckfire

May 22, 2024 | 7:35 pm

CURLF

GTBIF

JUSHF

MSOS

Jushi Holdings Inc. (OTC:JUSHF) is poised for substantial growth with potential adult-use cannabis legalization in Ohio and Pennsylvania, and continuous expansion in Virginia’s medical market. Rescheduling of cannabis could provide $514 million in tax breaks, nearly quadrupling the company's market cap. Despite a slight decline in Q1 2024 sales, the company shows positive cash flow and improved margins.

Portfolio Pulse from Nicolás Jose Rodriguez

May 22, 2024 | 7:27 pm

CSIQ

ENPH

FSLR

SEDG

SPWR

Solar stocks are rallying due to President Biden's announcement of increased tariffs on Chinese imports, including a significant hike on solar cells. Canadian Solar, Enphase Energy, First Solar, and SolarEdge Technologies are all trading higher. SunPower also surged after announcing it will offer Tesla's Powerwall 3.

Portfolio Pulse from Vaishali Prayag

May 22, 2024 | 7:22 pm