Streetbeat News

Regulatory

MRK

The European Commission has approved Merck's Keytruda, in combination with platinum-containing chemotherapy, as a neoadjuvant treatment followed by continuation as monotherapy for resectable non-small cell lung cancer at high risk of recurrence. This approval marks a significant advancement in the treatment options available for this type of lung cancer.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:48 am

AMD

BX

MCHI

NVDA

QCOM

Chinese President Xi Jinping met with U.S. CEOs, including Blackstone's Stephen Schwarzman and Qualcomm's Cristiano Amon, to discuss China's economy, U.S.-China relations, and Taiwan. Xi provided 'tough answers' and emphasized China's economic potential, criticized U.S. semiconductor export bans, and expressed displeasure with U.S. support for Taiwan's independence. The meeting aimed to entice U.S. businesses back to China amid geopolitical challenges. The iShares MSCI China ETF (MCHI) saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

March 28, 2024 | 10:47 am

TFX

Teleflex, a global provider of medical technologies, has announced that its near- and long-term climate change targets have been validated by the Science Based Targets initiative (SBTi). This validation signifies that Teleflex's climate goals are in line with the latest climate science requirements needed to meet the goals of the Paris Agreement. The company aims to reduce its carbon footprint and contribute to global efforts in combating climate change.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 10:37 am

HCM

HUTCHMED announced that China's NMPA has accepted the sNDA for savolitinib for patients with locally advanced or metastatic MET exon 14 NSCLC. Approval would expand the drug's label to include treatment-naïve patients in China.

Portfolio Pulse from Charles Gross

March 28, 2024 | 8:55 am

BABA

The UAE is considering introducing long-term business licenses, including 10-year 'golden' licenses, to boost business activities and attract foreign investment. This initiative is part of the 'We are the UAE 2031' vision and aims to enhance the country's competitiveness and economic growth. The proposal was discussed in the Economic Integration Committee meeting chaired by Minister Abdulla bin Touq Al Marri. Additionally, the UAE's strategic initiatives, such as a $5.5 billion deal with Hungary and partnerships with Alibaba Group, highlight its efforts to expand its global influence and embrace cutting-edge technologies.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 7:56 am

TSLA

Tesla Inc (NASDAQ:TSLA) has expressed concerns to the Mexican government regarding proposed EV charging station rules by Mexico's Energy Regulatory Commission (CRE), which mandate operators to choose only two out of five connector standards. Tesla argues this could complicate and increase the cost of station setups, hinder EV deployment, and negatively impact the customer experience, especially for cross-border travel between the U.S. and Mexico. The company emphasizes its investment in a cross-country charging network in Mexico and advocates for an accessible network that meets all vehicle needs.

Portfolio Pulse from Anan Ashraf

March 28, 2024 | 7:53 am

WKEY

WISeKey International Holding Ltd. (WKEY), a global cybersecurity, digital identity, and IoT leader, announced its GSMA Root Certificate Issuer accreditation, marking a significant advancement in telecommunications security for the 5G era. This accreditation is expected to enhance security across telecom networks, accommodating billions of new devices and addressing the evolving threat landscape.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 7:23 am

WXIBF

U.S. intelligence officials have accused WuXi AppTec Co Ltd (OTC:WXIBF), a Chinese pharmaceutical company, of illegally transferring U.S. intellectual property to Beijing. This revelation was made during a classified briefing to senators, amid broader concerns over Chinese companies' involvement in activities against U.S. national security interests. WuXi AppTec denies the allegations, emphasizing their commitment to safeguarding client data. The U.S. is considering legislation to restrict government funds to Chinese firms engaged in such activities.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 7:13 am

F

GM

STLA

TSLA

Former Ford CEO Mark Fields believes established automakers like Ford, General Motors, and Stellantis are well-positioned for the EV transition, citing their strong ICE vehicle business and investor trust. This comes amid challenges like stringent emissions standards, supply chain issues, and concerns over EV adoption rates. Despite these, shares of GM, Stellantis, and Ford have risen, reflecting market optimism.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 6:24 am

AAPL

Oregon has passed a right-to-repair bill, SB 1596, that prohibits parts pairing in repairs, directly impacting Apple Inc. (NASDAQ:AAPL). This law, signed by Governor Tina Kotek, aims to facilitate consumer and third-party repairs by mandating companies to provide the same parts, tools, and repair documents to owners as to repair shops without extra charges. The bill, which does not apply to phones sold before July 1, 2021, but covers other consumer electronics sold after July 1, 2015, is seen as a significant move against electronic waste and restrictive repair practices.

Portfolio Pulse from Ananya Gairola

March 28, 2024 | 6:08 am