Streetbeat News

Regulatory

BA

LUV

A Boeing 737-800 operated by Southwest Airlines lost its engine cover during takeoff at Denver International Airport. The FAA is investigating the incident, which adds to Boeing's ongoing regulatory scrutiny and production slowdowns. Southwest Airlines is reviewing the aircraft, and passengers were delayed but safely transported on a different aircraft. This incident contributes to Boeing's challenges, including trust issues and financial turbulence, as CEO Dave Calhoun announces retirement.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 12:30 am

BTCUSD

'Shark Tank' star Kevin O'Leary discusses the benefits of direct Bitcoin ownership over Bitcoin ETFs, citing unnecessary fees and lack of added value in ETFs. He views the introduction of Bitcoin ETFs as a positive step towards regulated financial services embracing crypto technology. O'Leary also highlights the importance of regulatory compliance in the crypto exchange market and shares insights into his personal investment strategy, which includes a diverse crypto portfolio.

Portfolio Pulse from Bibhu Pattnaik

April 07, 2024 | 3:28 pm

TIP

Former Treasury Secretary Lawrence Summers, in a Bloomberg interview, suggested that the neutral monetary policy rate is higher than the Federal Reserve's estimate, potentially impacting expectations for future rate cuts. Summers criticized the absence of a neutral rate target and argued against cutting rates at the upcoming June meeting, despite financial markets pricing in rate cuts based on inflation trends. The iShares TIPS Bond ETF (TIP) remained unchanged in response to these comments.

Portfolio Pulse from Shanthi Rexaline

April 07, 2024 | 2:27 pm

IONS

Ionis Pharmaceuticals announced that its drug olezarsen, in an 80 mg monthly dose, met the primary endpoint in a study by significantly reducing triglycerides in patients with FCS after six months. The results, which also showed a reduction in acute pancreatitis events, suggest olezarsen could be a novel treatment for this rare disease. The findings were presented at ACC 2024 and published in The New England Journal of Medicine. Ionis will host a webcast to discuss these results.

Portfolio Pulse from Charles Gross

April 07, 2024 | 2:08 pm

ADBE

AZN

BABA

DIA

GDX

SPY

The US manufacturing sector reached an 18-month high in March 2024, driven by strong performances in the SPDR Dow Jones Industrial Average ETF (DIA) and the SPDR S&P 500 (SPY). China's manufacturing growth could lead to global deflation, benefiting Alibaba Group Holding (BABA) and the VanEck Gold Miners ETF (GDX). The US labor market saw significant growth, with companies like AstraZeneca (AZN) and Adobe (ADBE) contributing. Critiques were made against the Federal Reserve's data-dependent strategy, and warnings were issued about a potential US debt crisis by 2025.

Portfolio Pulse from Benzinga Neuro

April 07, 2024 | 10:03 am

AAPL

MASI

Apple Inc. has appealed to a U.S. appeals court to overturn an import ban on certain Apple Watches due to a patent dispute with Masimo Corporation. The ban, upheld by the White House in December 2023, significantly impacts Apple's sales, potentially affecting around $5 billion in sales or about 1% of Apple's total revenue. Apple argues that Masimo's patents are invalid and that its watches did not infringe on them. The dispute began after Masimo accused Apple of stealing its pulse oximetry technology.

Portfolio Pulse from Ananya Gairola

April 06, 2024 | 7:25 am

META

Meta Platforms Inc (NASDAQ:META) is expanding its manipulated media policy to include labels for AI-generated content such as photos and audio on Facebook, Instagram, and Threads. This decision follows recommendations from the company's Oversight Board to provide context for manipulated media rather than removing it. The new policy, which adds to the existing one that only covered videos, aims to introduce 'Made with AI' labels starting May 2024. Meta's approach is to add informational labels to AI-generated content unless it violates its policies, moving away from automatic removal based solely on its manipulated video policy.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 1:45 am

AMRX

BHC

Bausch Health Companies Inc. (BHC) and its subsidiary, Salix Pharmaceuticals, have filed a patent lawsuit against Amneal Pharmaceuticals in New Jersey, concerning Amneal's attempt to market a generic version of XIFAXAN®. Amneal's ANDA claims that the patents for XIFAXAN® are unenforceable, invalid, or not infringed. This lawsuit triggers a 30-month stay on FDA approval for Amneal's product. Bausch Health has defended its XIFAXAN® intellectual property against other companies in the past, with some cases settled and one ongoing.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:28 pm

LINK

MA

V

The article discusses the hidden costs in DeFi, beyond upfront gas fees, that can impact investor returns, such as Impermanent Loss, Loss-Versus-Rebalancing, Slippage, and Maximal Extractable Value. It mentions traditional payment processors like Visa and Mastercard for comparison and highlights the dynamic nature of gas fees on platforms like Ethereum and Solana. It suggests ways to mitigate these costs, including understanding AMM models, researching platform strategies, and using tools like LlamaSwap, 1inch, Matcha, and Flashbots Protect. Newer oracle protocols like Pyth are also mentioned as innovative solutions.

Portfolio Pulse from Benzinga Contributor

April 05, 2024 | 9:22 pm

BX

TCN

Tricon Residential Inc. (NYSE:TCN) has received final court approval for its acquisition by Blackstone Real Estate, with all outstanding shares to be acquired for $11.25 each in cash. The transaction, subject to regulatory approval, is expected to close in Q2, leading to Tricon's delisting from the NYSE and TSX.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:06 pm