Streetbeat News

Regulatory

NWN

The Oregon Public Utility Commission (OPUC) approved Northwest Natural's rate case, phasing out the line extension allowance by 2027, and ordered a $13.7M rate base reduction. The revenue requirement increases by $93.3M, with an adjusted rate base of $2.09B. New rates will begin on November 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:48 pm

META

Brazil's Collective Defense Institute has filed lawsuits against the Brazilian units of TikTok, Kwai, and Meta Platforms, demanding $525.27 million for allegedly failing to prevent minors' indiscriminate use of their platforms.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:16 pm

LLY

Eli Lilly's Phase 3B study reveals that a modified titration of Donanemab reduces ARIA-E incidence in early Alzheimer's patients from 24% to 14%. The largest reduction is seen in APOE4 gene carriers. Results will be submitted for a potential label update.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:12 pm

ORCL

Oracle has unveiled its next-generation electronic health record (EHR) system, designed for maximum security and AI innovation. This new EHR aims to transform healthcare delivery by automating processes, simplifying documentation, and enhancing information exchange. It integrates with Oracle Health applications to support clinical trials, regulatory compliance, and value-based care.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:11 pm

GSK

NVAX

NVS

SNY

The US CDC has reported 36 cases of H5 bird flu in the US since April, with six cases confirmed in Washington poultry workers last week. No person-to-person spread has been detected, and the public risk remains low, though higher for those exposed to infected animals. Of the cases, 15 are linked to infected poultry and 20 to sick dairy cows.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:58 pm

NVO

The FDA inspection at Novo Nordisk's Denmark site revealed several compliance issues, including insufficient sample volume, poor microbial control, undocumented processes, incomplete records, and lapses in quality oversight.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:55 pm

DJT

SPY

A Reuters/Ipsos poll indicates that Kamala Harris holds a narrow 1% lead over Donald Trump as the election approaches. However, registered voters prefer Trump's approach to the economy over Harris' by a margin of 47% to 37%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:48 pm

AAPL

AMZN

GOOGL

MSFT

NVDA

TSM

Donald Trump criticized Taiwan Semiconductor Manufacturing Company (TSMC) on the Joe Rogan podcast, accusing Taiwan of undermining the U.S. chip industry. He pledged to impose tariffs on Taiwanese chips if elected, impacting TSMC, a major supplier for companies like Nvidia and Apple. TSMC shares fell 4.3% following his remarks. Trump also criticized the U.S. CHIPS Act and foreign companies using U.S. funds for chip plants. Analysts warn a Trump victory could hurt TSMC, and tariffs could complicate the chip supply chain.

Portfolio Pulse from Anusuya Lahiri

October 29, 2024 | 3:47 pm

ATLX

Atlas Lithium shares rose after receiving an operational permit for its Neves Project in Brazil from the Minas Gerais government.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:43 pm

COIN

Coinbase CEO Brian Armstrong criticized the SEC's inconsistent stance on crypto regulation and called for the next SEC chair to apologize for the agency's actions. Armstrong also endorsed pro-crypto candidates for the Senate, highlighting the political dimension of crypto regulation.

Portfolio Pulse from Murtuza Merchant

October 29, 2024 | 2:50 pm