Streetbeat News

Regulatory

F

Ford is recalling 456,565 vehicles in the U.S. due to a risk of losing drive power from an undetected low battery, as reported by Reuters and citing the National Highway Traffic Safety Administration (NHTSA).

Portfolio Pulse from Charles Gross

April 17, 2024 | 9:49 am

FXI

META

SNAP

SPY

VGK

The European Commission has given ByteDance's TikTok 24 hours to provide a risk assessment for its new TikTok Lite app, launched in France and Spain, due to concerns over children and users' mental health, according to Reuters.

Portfolio Pulse from Charles Gross

April 17, 2024 | 9:47 am

GOOG

GOOGL

Marc Andreessen criticized Google's internal issues, including employee protests and security breaches involving AI chip designs. He highlighted the risks of AI safety and the need for urgent regulatory measures. Elon Musk supported Andreessen's concerns, emphasizing the dangers of AI. Google faces internal dissent over its cloud contract with the Israeli government, affecting employee morale.

Portfolio Pulse from Rounak Jain

April 17, 2024 | 9:37 am

VGK

The Eurozone Consumer Price Index (CPI) for March reported a year-over-year increase of 2.4%, aligning with estimates and showing a slight decrease from the previous 2.6%.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:33 am

VGK

The Eurozone Consumer Price Index (CPI) for March increased by 0.8%, aligning with the estimates and showing a rise from the previous 0.6%. This data indicates a slight increase in inflation within the Eurozone, which could have implications for monetary policy and investment strategies in the region.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:32 am

VGK

The Eurozone Core Consumer Price Index (CPI) year-over-year for March was reported at 2.9%, aligning with estimates and showing a slight decrease from the previous 3.1%.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:32 am

BCRX

BioCryst Pharmaceuticals received approval from the Brazilian Health Regulatory Agency for ORLADEYO (berotralstat) for prophylaxis of hereditary angioedema attacks in adults and pediatric patients aged 12 and above. This marks a significant milestone for the company, expanding its global footprint in the treatment of this rare condition.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:36 am

LGF/A

SCRM

Screaming Eagle and Lionsgate have advanced their business combination, with the SEC declaring their registration statement effective. The PIPE investment has been increased to $225M, coinciding with the launch of Lionsgate Studios. Extraordinary General Meetings are set for May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:43 am

NAK

The U.S. Army Corps of Engineers (USACE) has declined to engage in the permit remand process for Northern Dynasty, following a veto by the Environmental Protection Agency (EPA).

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:33 am

IEF

SPY

Federal Reserve Chair Jerome Powell indicated a need for a prolonged period of restrictive monetary policy, suggesting the central bank's 'higher for longer' interest rate stance remains unchanged. Economists and analysts, including Peter Schiff and Jamie Cox, provided mixed reactions, with some advocating for rate hikes due to inflation concerns, while others highlighted the strong labor market and consumer spending. The bond market reacted, with the 10-year bond yield nearing 4.7%, and major index futures trading lower. The iShares 7-10 Year Treasury Bond ETF (IEF) and the SPDR S&P 500 ETF Trust (SPY) both saw declines in their last session.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 7:25 am