Streetbeat News

Regulatory

IVVD

Invivyd's PEMGARD is now commercially available in the U.S. for pre-exposure prophylaxis of COVID-19 in certain adults and adolescents with moderate-to-severe immune compromise. This marks a significant step in providing additional protection against COVID-19 for individuals with compromised immune systems.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:03 pm

CYN

Cyngn has received a notice of allowance for its U.S. patent application 17/817,946, which is focused on 'System and Methods of Adaptive Object-Based Decision Making for Autonomous Driving'. This development marks a significant milestone for Cyngn in the autonomous driving technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:58 pm

NUWE

Nuwellis has filed a U.S. patent application (#20240108533) for a venous blood flow stimulator designed for extracorporeal therapy. This development could enhance the company's product offerings in the medical device sector, potentially leading to advancements in treatment options and patient care.

Portfolio Pulse from Charles Gross

April 04, 2024 | 7:53 pm

CHKP

EIS

ITEQ

IZRL

MBLY

NICE

Israeli stocks and ETFs are facing declines due to escalating tensions with Iran, except for large Israeli tech companies with a global presence. The TA-35 Index dropped over 3% this week following Iran's retaliation promise. However, U.S.-listed Israeli tech firms like Mobileye, Check Point Software, and Nice Ltd are showing resilience. ETFs like EIS, IZRL, and ITEQ have varied responses, with EIS down 2.6%, while IZRL and ITEQ saw slight gains.

Portfolio Pulse from Natan Ponieman

April 04, 2024 | 7:52 pm

GLD

Gold prices have declined due to uncertainty surrounding potential rate cuts, influenced by recent comments from the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:42 pm

DIA

IWM

QQQ

SPY

Federal Reserve officials' hawkish comments on Thursday, expressing concerns over inflation and hinting at delaying rate cuts, led to a market downturn. Notable statements came from Fed Chair Jerome Powell, Richmond Fed President Tom Barkin, Chicago Fed President Austan Goolsbee, Cleveland Fed President Loretta Mester, and Minneapolis Fed President Neel Kashkari. Their remarks caused a sharp market slide, with major ETFs like DIA, QQQ, SPY, and IWM experiencing declines.

Portfolio Pulse from Piero Cingari

April 04, 2024 | 7:41 pm

DIA

IWM

QQQ

SPY

Major stock indexes declined after Minneapolis Fed President Kashkari indicated that the Federal Reserve might not reduce interest rates if inflation persists at its current level.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:39 pm

GLD

David Einhorn of Greenlight Capital is investing in gold, including shares of SPDR Gold Trust (GLD), as a hedge against potential economic downturns driven by inflation and aggressive monetary policies. Einhorn believes inflation is reaccelerating and anticipates fewer Federal Reserve rate cuts than the market expects, suggesting no cuts at all. This stance is based on concerns over monetary and fiscal policies, with gold prices recently hitting all-time highs.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 7:23 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) shares are trading slightly lower today, despite a recent surge in the cannabis sector fueled by positive developments, including Germany's legalization of cannabis and potential U.S. regulatory changes. The stock has seen a significant increase in trading volume and has gained nearly 150% over the past month. However, with an RSI of 85.45, it is currently considered overbought.

Portfolio Pulse from Erica Kollmann

April 04, 2024 | 7:16 pm

GOOG

GOOGL

YouTube has stated that OpenAI's use of its videos to train the AI model Sora would violate its policies. This announcement raises concerns about the use of publicly available data for AI training and could impact the relationship between content platforms and AI developers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:59 pm