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Regulatory

PFE

Pfizer Inc (NYSE:PFE) released Phase 3 MONeT trial data for Abrysvo, showing potential as the first RSV vaccine for adults 18-59. The trial met its immunogenicity and safety endpoints, demonstrating non-inferior neutralizing responses compared to a previous study in older adults. Pfizer plans to seek regulatory approval to expand Abrysvo's use to adults 18 years and older. Shares of Pfizer are up 0.6% following the announcement.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 4:20 pm

The Federal Aviation Administration (F.A.A.) is investigating claims made by a whistle-blower regarding flaws in Boeing's 787 Dreamliner. The whistle-blower has raised concerns about potential safety issues, prompting the F.A.A. to look into the matter closely.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:13 pm

SPY

USO

The U.S. Energy Information Administration has revised its forecast for world oil demand growth downwards for both 2024 and 2025. For 2024, the growth forecast has been cut by 480,000 barrels per day (bpd), now expecting a year-on-year increase of 0.95 million bpd. For 2025, the forecast has been reduced by 30,000 bpd, with a new expectation of a 1.35 million bpd year-on-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 4:07 pm

AMD

GOOG

GOOGL

NVDA

TSLA

UBER

Elon Musk announced a Tesla Robotaxi unveil on 8/8, sparking interest and speculation. While regulatory hurdles remain, the announcement could impact Tesla (TSLA) and Uber (UBER) stocks, as well as AI-related companies like NVIDIA (NVDA), AMD, Alphabet (GOOG/GOOGL), and others. Uber, having shut down its own robotaxi division, might face negative impacts unless it partners with Tesla or another provider. The news also presents potential opportunities for investors in AI stocks.

Portfolio Pulse from The Arora Report

April 09, 2024 | 4:03 pm

FTMUSD

Andre Cronje, co-founder of the Fantom Foundation, has proposed a new method for issuing meme coins on the Fantom network to enhance investor safety. The proposal includes measures such as the Fantom Foundation acting as a signer for token liquidity pools, allocating up to 5% of tokens for team expenses, 85% for an FTM/token liquidity pool, and a maximum of 10% for marketing. This initiative aims to mitigate risks associated with meme coins, such as token sell-offs and liquidity withdrawal, by ensuring more controlled and fair token distribution.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 3:50 pm

ETH

SOL

USDC

USDT

A Bernstein report highlights Solana's (SOL) emerging lead in blockchain payments over Ethereum (ETH), attributing it to Solana's streamlined architecture and efficiency in stablecoin settlements. Despite challenges in scalability and network congestion, Solana's advancements and the broader stablecoin market's growth, dominated by USDC and Tether (USDT), indicate a significant shift in digital payments. The report also notes the increasing adoption of stablecoins by major payment processors and fintech platforms.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 3:38 pm

NIO

XPEV

Chinese EV stocks, including LI, NIO, and XPEV, are experiencing an uptick in trading, driven by broader strength in Chinese markets. This trend may be influenced by US Treasury Secretary Yellen's upcoming visit to China and anticipated inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:32 pm

NMTC

NeuroOne announced the first implant of its OneRF Ablation Electrodes, marking a significant milestone. This FDA-cleared system is the first thin-film, sEEG-guided RF system capable of recording electrical activity and ablating nervous tissue, featuring temperature control.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:31 pm

SOL

Crypto trader Avi Eisenberg is on trial for fraud and manipulation related to his October 2022 actions on the Mango Markets DeFi platform on the Solana blockchain. The case, which involves a $110 million extraction via the platform's MNGO token, could redefine legal and ethical standards in decentralized finance. The trial will explore complex issues of market manipulation within DeFi, with implications for future regulation.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 2:43 pm

ALK

UAL

United Airlines Holdings Inc (NASDAQ:UAL) is delaying the launch of two new routes due to growth constraints amid a safety review by the FAA. The Newark to Faro route is postponed to summer 2025, and the Tokyo to Cebu route is rescheduled for October 27. The FAA's enhanced oversight follows recent safety incidents, including an Alaska Air Group, Inc. (NYSE:ALK) incident. United is offering full refunds or rebooking to affected customers. UAL shares traded higher by 0.51% at $43.53.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 2:29 pm