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Regulatory

HLTH

The FDA has found that Cue Health is not adhering to certain conditions of authorization specified in the Letters of Authorization for EUA200248 & EUA210180, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:40 pm

HLTH

Cue Health received a warning letter from the FDA on May 9, stating that during an inspection, it was determined that Cue Health markets and distributes its Covid-19 test for both professional and over-the-counter (OTC) use.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:39 pm

SPY

The US Federal Energy Regulatory Commission has approved a significant overhaul for electric transmission, mandating regions to undertake 20-year planning processes. This move is aimed at enhancing the reliability and efficiency of the electric grid, facilitating the integration of renewable energy sources, and potentially reducing costs for consumers. The decision could have broad implications for utility companies, renewable energy developers, and investors in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:33 pm

F

Ford shares are experiencing an uptick following reports that President Biden plans to escalate tariffs on Chinese electric vehicles (EVs). This move is perceived as beneficial for Ford, potentially reducing competition from Chinese EV manufacturers in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:05 pm

TSLA

Tesla shares are trading higher following reports that President Biden will increase tariffs on Chinese electric vehicles (EVs).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:37 pm

STLA

Stellantis shares are trading higher following reports that President Biden will increase tariffs on Chinese electric vehicles (EVs).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:36 pm

BTCUSD

Arthur Hayes, co-founder of BitMEX, predicts a bullish future for cryptocurrencies, driven by expected monetary policies from the Biden administration and other major economies. He believes that the upcoming US presidential election will lead to increased monetary expansion, which historically correlates with crypto rallies. Hayes highlights the role of the U.S. in global financial policy and anticipates both political parties to promise financial incentives funded by national borrowing and monetary expansion.

Portfolio Pulse from Murtuza Merchant

May 13, 2024 | 3:36 pm

RNAZ

TransCode Therapeutics Inc (RNAZ) stock plummeted by 40.6% to $0.84 after announcing a potential reverse stock split due to failing to meet Nasdaq's Minimum Bid Requirement. The company's shares have significantly underperformed, losing 99.62% year to date, with a historical average annual return of -92.39%. The reverse split aims to prevent delisting from Nasdaq, though its effectiveness is uncertain. RNAZ's current RSI of 86.23 indicates overbought conditions, despite the stock's poor performance.

Portfolio Pulse from Henry Khederian

May 13, 2024 | 3:31 pm

ETHUSD

GBTC

Grayscale's potential legal battle with the SEC over an Ethereum ETF rejection and the financial implications of its Bitcoin Trust's management fees are highlighted. The Ethereum Dencun upgrade's impact on ETH prices and gas fees, along with the competitive landscape of Bitcoin Spot ETFs, are also discussed.

Portfolio Pulse from Murtuza Merchant

May 13, 2024 | 3:25 pm

ENPH

MAXN

NOVA

RUN

SEDG

SPWR

Solar stocks are experiencing an uptick following reports that President Biden is considering implementing tariffs on Chinese electric vehicles (EVs) and solar panels. This move is perceived as potentially beneficial for US-based solar companies by reducing competition from cheaper Chinese imports.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:18 pm