Streetbeat News

Regulatory

AZN

AstraZeneca's Phase 3 trial for its COVID-19 prevention therapy, sipavibart, shows significant reduction in symptomatic COVID-19 in immunocompromised patients. The therapy was well tolerated, and AstraZeneca is in talks with regulatory authorities for potential approval.

Portfolio Pulse from Vandana Singh

May 16, 2024 | 3:34 pm

SOPA

Society Pass has regained compliance with Nasdaq's $1.00 minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:18 pm

SPY

White House National Economic Adviser Lael Brainard expressed concerns that China's industrial capacity and export surges in certain sectors could undermine U.S. investments and negatively impact American workers. A new cycle of Chinese policy-driven overcapacity and export increases could have adverse consequences for the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:12 pm

SONY

Sony Music Group has issued warnings to over 700 companies, including AI firms and music streaming platforms, to stop using its artists' content without permission. The company emphasizes that unauthorized use deprives Sony and its artists of control and compensation.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:07 pm

LMT

The F-35 Joint Strike Fighter program, despite moving into full-rate production, continues to face significant production issues and modernization delays. Contractors are delivering engines and aircraft late, and there are delays in software updates and modernization of components.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:02 pm

AMZN

CRM

GOOG

GOOGL

MSFT

Microsoft's emissions have increased by nearly a third since 2020 due to data center expansion for AI and cloud computing. Despite a reduction in direct emissions, supply chain emissions surged. Microsoft plans to require suppliers to use 100% carbon-free electricity by 2030 and support $10 billion in renewable energy projects.

Portfolio Pulse from Anusuya Lahiri

May 16, 2024 | 2:57 pm

BA

Boeing shares are trading higher, likely due to reports that United Airlines can add new plans and routes after the FAA eased an operational freeze.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:23 pm

SPY

Federal Reserve's Barkin stated that the inflation story is a long-term issue, extending beyond short-term market movements.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:14 pm

SPY

Federal Reserve's Barkin stated that the key question now is how long interest rates need to be maintained at their current levels to achieve the desired impact on inflation.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:13 pm

SPY

Federal Reserve's Barkin stated that he believes inflation is decreasing but will take more time to reach desired levels.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:11 pm