Streetbeat News

Regulatory

MPW

Medical Properties Trust shares are trading lower after the company received a non-compliance notice from the NYSE over a delayed 10-Q.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:08 pm

BA

Boeing Co (NYSE:BA) saw a stock boost after the U.S. House passed a $105 billion aviation bill, but faces potential legal challenges from the DOJ regarding the 737 Max crashes. Technical indicators show moderately bullish signals, but long-term caution is advised.

Portfolio Pulse from Surbhi Jain

May 16, 2024 | 4:03 pm

BLK

CME

CME Group is planning to introduce Bitcoin trading, responding to the increasing demand from Wall Street. This move follows the SEC's approval of Bitcoin-focused stock market funds and could simplify basis trading for investors. The initiative highlights the growing acceptance of Bitcoin among major financial institutions.

Portfolio Pulse from Murtuza Merchant

May 16, 2024 | 4:02 pm

SPY

Federal Reserve's Mester indicates that downside risks to growth and hiring have decreased. She expects gradual progress in lowering inflation and welcomes recent CPI data as a sign of cooling inflation. The labor market conditions remain strong.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:01 pm

SPY

Federal Reserve's Mester stated that the current restrictive monetary policy is expected to help lower inflation. The Fed is well-positioned as it reviews more data, but it will take longer to be confident that inflation is moving towards the 2% target. The strong economy allows the Fed to maintain its policy with minimal risk, although inflation risks have increased.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:01 pm

DJT

Trump Media & Technology Group (TMTG) has sent a letter to the chairmen of several U.S. House committees, raising concerns about potential manipulation of its stock (DJT) on the Nasdaq. The letter highlights persistent failures to deliver (FTDs) and possible illegal 'naked' short selling. TMTG requests a thorough investigation by FINRA and other regulatory bodies to address these issues.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:00 pm

BMY

The FDA has granted accelerated approval to Bristol Myers Squibb's Breyanzi for the treatment of relapsed or refractory follicular lymphoma. This approval is based on response rate and duration of response, with continued approval contingent on further clinical trials. The FDA has also mandated boxed warnings for all CAR T-cell therapies. Breyanzi is now included in the NCCN Guidelines for B-cell Lymphomas and showed a high response rate in clinical trials.

Portfolio Pulse from Vandana Singh

May 16, 2024 | 3:56 pm

BA

UAL

Boeing shares are trading higher following the FAA's decision to lift the operational freeze on United Airlines, allowing the airline to take deliveries of new planes and add routes. This decision comes after a series of safety incidents and an ongoing investigation. Boeing also announced advancements in its ecoDemonstrator program aimed at improving operational efficiency and sustainability.

Portfolio Pulse from Adam Eckert

May 16, 2024 | 3:54 pm

META

VOX

XLC

Meta Platforms Inc. (NASDAQ:META) is under investigation by EU regulators for potential violations of child safety rules under the Digital Services Act (DSA). The European Commission is concerned about the impact of Facebook and Instagram's algorithms on children and Meta's age verification methods. Violations could result in substantial fines. Meta's stock has gained over 99% in the last 12 months, and investors can gain exposure through Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 3:52 pm

DELL

Ireland's Data Protection Commission (DPC) is investigating a data breach involving Dell customers' personal information. Dell has notified regulators and customers about the breach, which included names, physical addresses, and order information. Dell believes the risk to customers is minimal.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:36 pm