Streetbeat News

Regulatory

GEHC

GE HealthCare has introduced the SIGNA MAGNUS, a head-only magnetic resonance scanner aimed at advancing neuroscience research. The device, which is pending FDA 510(k) approval, represents a significant improvement over traditional whole-body MR systems, particularly in the fields of neurology, oncology, and psychiatry.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:25 am

LTRN

Lantern Pharma Inc. (LTRN) has announced a strategic AI-driven collaboration with Oregon Therapeutics to optimize the development of the drug candidate XCE853, a protein disulfide isomerase inhibitor aimed at treating various cancer indications. This collaboration will utilize Lantern's RADR AI platform to identify biomarkers and efficacy-associated signatures for XCE853, potentially guiding future clinical development and patient selection.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:00 am

BYDDY

NIO

XPEV

Chinese EV makers, including SAIC, Chery, Great Wall Motor, and BYD Co., have seen a 40% increase in overseas sales in Q1 2024, reaching 470,000 units. Europe and Asia are the main markets for these exports. BYD Co. leads in NEV overseas sales, followed by SAIC, Geely, Xpeng, and Nio. BYD is adopting a premium pricing strategy in Europe, and Chinese EV makers are exploiting a loophole for exporting 'used' cars to bypass trade barriers.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 6:07 am

GOOGL

TSLA

Texas Governor Greg Abbott's anti-immigration measures along the Texas-Mexico border have led to significant environmental degradation, particularly in Eagle Pass. The construction of a new $170 million facility, Camp Eagle, for Texas National Guards, as part of Operation Lone Star, has exacerbated the situation, costing over $11 billion. The environmental damage has sparked concerns among residents and environmentalists. Meanwhile, tech leaders like Sundar Pichai of Alphabet Inc. and Elon Musk of Tesla Inc. have called for updated U.S. immigration policies to attract AI and tech talent, highlighting the broader implications of immigration policies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 6:03 am

NVO

Elon Musk endorsed Novo Nordisk's Ozempic, a drug primarily for Type 2 diabetes, as a solution to childhood obesity, sparking a conversation on the topic. Musk's support for Ozempic, highlighted in a response to a post about obesity policies on X, brings attention to the obesity issue in the U.S. and Japan. Novo Nordisk, the maker of Ozempic, has also launched Wegovy in Japan to address obesity, amidst concerns over the high cost of these drugs.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 3:50 am

BTCUSD

DOGEUSD

TSLA

Despite Bitcoin reaching $64,000, crypto analyst Ali Martinez suggests it remains in a 'prime buy zone' based on the MVRV 90-day Ratio. This analysis comes amid significant crypto market events, including Tesla's adoption of Dogecoin as a payment method and regulatory uncertainties. Bitcoin's price has seen a 45.42% increase year-to-date.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 1:59 am

FSR

KARS

RIVN

TSLA

Tesla's visit to China and potential FSD approval led to a stock surge, while Rivian received an $827 million incentive from Illinois. Fisker faces legal issues and potential bankruptcy. Chinese EV startups and Ford reported strong sales, boosting their stocks. The KraneShares EV ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 9:09 pm

AAPL

AMC

BTC

SBUX

TSLA

Benzinga's analysis highlights market optimism following Federal Reserve Chair Jerome Powell's hint at pausing interest rate hikes, contributing to gains in major indices. Bullish views include Tesla's potential rise due to short sellers and Apple's positive outlook post-Q2 earnings. Bearish perspectives focus on AMC's debt concerns, Bitcoin's need for privacy enhancements, and Starbucks' sales challenges. Notably, Shiba Inu is predicted to experience a bullish breakout, contrasting with the cautious stance on AMC and the urgent privacy call for Bitcoin.

Portfolio Pulse from Michael Cohen

May 04, 2024 | 12:53 pm

AMZN

Jeff Bezos, founder of Amazon.com Inc. (NASDAQ:AMZN), was questioned by the FTC over his use of Signal's auto-delete feature amid an antitrust lawsuit. Bezos admitted to possibly making mistakes in using the app for sensitive company issues but denied using it for complicated business matters. Despite the FTC's concerns, Amazon reported strong Q1 earnings in 2024, with net sales of $143.3 billion, a 13% increase from the previous year.

Portfolio Pulse from Ananya Gairola

May 04, 2024 | 5:09 am

PARA

Paramount has decided not to extend its exclusive negotiation period with Skydance, opening negotiations to other parties, including Sony Pictures Entertainment and Apollo Global Management, who have proposed a $26 billion bid. This move comes after Paramount investors expressed dissatisfaction with the potential Skydance deal, favoring the all-cash offer from Sony and Apollo, which includes debt assumption and offers a premium on Paramount's current stock price. The deal faces regulatory hurdles regarding foreign ownership of broadcast networks.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:03 pm