Streetbeat News

Regulatory

BMY

The FDA has reassigned the Prescription Drug User Fee Act (PDUFA) date for Bristol Myers Squibb's subcutaneous formulation of Opdivo (Nivolumab) for all previously approved adult, solid tumor indications. The new goal date is December 29.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:01 am

PZG

The Bureau of Land Management (BLM) and the Oregon Department of Geology and Mineral Industries (DOGAMI) have agreed to a joint reclamation bond for the proposed Grassy Mountain Gold and Silver Mine. This development is significant for Paramount Gold Nevada Corp (PZG), which is involved in the project.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:01 am

ETHUSD

Ethereum futures open interest has reached a record $15.1 billion, driven by optimism about the potential approval of spot ETH ETFs in the U.S. Bloomberg analysts have increased the likelihood of approval from 25% to 75%, and the SEC has requested expedited filings from exchanges. Ethereum's price has surged by nearly 20% in the last 24 hours.

Portfolio Pulse from Benzinga Neuro

May 21, 2024 | 11:00 am

CTXR

Trading for CTXR was halted at 6:55:00 a.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:55 am

PSNY

Polestar shares are trading lower after the company acknowledged receiving a deficiency notice from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:44 am

LRMR

Larimar Therapeutics shares are trading higher after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:33 am

TSLA

Tesla Inc. (NASDAQ:TSLA) posted a video urging shareholders to vote for Elon Musk's 2018 pay package, which was rescinded by a Delaware court. The video highlights Tesla's achievements and future potential. The shareholder vote on June 13 will also address moving Tesla's incorporation from Delaware to Texas. Analysts predict significant stock volatility and a likely positive outcome for the pay package vote.

Portfolio Pulse from Anan Ashraf

May 21, 2024 | 9:55 am

LUV

Southwest Airlines is seeking approval from the U.S. Department of Transportation to offer daily nonstop service between Washington National Airport (DCA) and Las Vegas (LAS). This new service aims to provide more choices and competition on a route currently served by only one daily flight from another airline. If approved, Southwest plans to offer lower average fares and convenient connections from LAS to various destinations, including Hawaii.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 7:12 am

COIN

ETHUSD

Prominent crypto analyst Adam Cochran mocked SEC Chair Gary Gensler over his stance on Ethereum being a security. Cochran's remarks come as the SEC reportedly moved forward with spot Ether ETF applications, suggesting a potential shift in the SEC's view on Ethereum. This news has led to a 16% increase in ETH's price.

Portfolio Pulse from Aniket Verma

May 21, 2024 | 6:10 am

RHHBY

Roche announced that the FDA granted Breakthrough Therapy Designation to Genentech's Inavolisib for advanced hormone receptor-positive, HER2-negative breast cancer with PIK3CA mutation. The designation is based on Phase III INAVO120 results, showing the inavolisib-based regimen more than doubled progression-free survival compared to palbociclib and fulvestrant alone.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:32 am