Streetbeat News

Regulatory

ETHUSD

Standard Chartered has revised its timeline for US approval of Ether ETFs, citing multiple challenges but remains optimistic about the future of digital assets. Despite setbacks, the bank maintains bullish end-of-year price targets for Bitcoin and Ether. The report highlights significant market adjustments, including the largest daily liquidation of leveraged long positions in the Bitcoin futures market since October 2023.

Portfolio Pulse from Murtuza Merchant

April 24, 2024 | 11:13 am

HOOK

HOOKIPA Pharma has received FDA clearance for its investigational new drug application for HB-700, a therapeutic vaccine targeting KRAS-mutated cancers. This marks a significant step forward in the development of treatments for cancers with these mutations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:02 am

GSK

The FDA has accepted GSK's supplemental Biologics License Application for Jemperli (dostarlimab) in combination with standard-of-care chemotherapy to expand its treatment to all adult patients with primary advanced or recurrent endometrial cancer. This acceptance could potentially broaden the patient base for Jemperli, enhancing its market potential.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:58 am

ALZN

BEEP

CONN

Insiders at Alzamend Neuro, Mobile Infrastructure, and Conn's have recently made significant stock purchases, signaling potential confidence in their companies' futures. Conn's reported a narrower Q4 loss than expected, Mobile Infrastructure is preparing for its Q1 2024 earnings release, and Alzamend Neuro received FDA approval to proceed with a PTSD study.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 10:54 am

META

SNAP

Shares of Meta Platforms, Inc. (META) and Snap Inc. (SNAP) are trading higher following the passage of a US Senate bill requiring ByteDance to divest TikTok or face a ban of the app.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:20 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is in talks with a major automaker to license its Full Self-Driving (FSD) software, aiming for true autonomous driving. CEO Elon Musk is optimistic about achieving autonomy, stating Tesla will solve it even in his hypothetical absence. Integration with competitor vehicles is expected to be straightforward but will take time, with a potential deal anticipated this year and integration in about three years. Musk's stance on FSD has evolved, now suggesting that future car purchases will depend on FSD capability. Regulatory approval remains a hurdle, but advancements by other autonomous car companies, like Alphabet Inc's Waymo, are paving the way.

Portfolio Pulse from Anan Ashraf

April 24, 2024 | 9:11 am

GOOG

META

MSFT

ORCL

Senator Markwayne Mullin, who owns Meta Platforms Inc. (META) stock, denies conflict of interest in the upcoming vote to potentially ban TikTok, arguing his stance is against the Chinese Communist Party, not a company. The controversy highlights increasing regulatory pressure on TikTok, with the U.S. House of Representatives passing a bill for its sale or ban. Analysts suggest Meta and Alphabet Inc. could benefit from a TikTok ban, with Microsoft Corp. and Oracle Corp. as potential buyers.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 8:40 am

AFMD

Affimed announced that an abstract on AFM24 for EGFR-wildtype Non-Small Cell Lung Cancer has been accepted for the 2024 Annual Meeting of the American Society of Clinical Oncology. This development could signal progress in Affimed's oncology portfolio, particularly in treatments for NSCLC.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:08 am

TVTX

CSL Vifor and Travere Therapeutics have received conditional marketing authorization from the European Commission for FILSPARI (Sparsentan), the first non-immunosuppressive therapy for IgA Nephropathy (IgAN) in Europe. This approval is based on significant results from the phase-III PROTECT trial.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:14 am

LPTV

NYSE American issued a non-compliance warning to Loop Media (LPTV) regarding its continued listing standards, indicating potential issues with meeting the exchange's requirements.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 6:43 am