Streetbeat News

Regulatory

REGN

Regeneron announced that the FDA issued Complete Response Letters for the Biologics License Application for Odronextamab in treating relapsed/refractory follicular lymphoma and diffuse large B-cell lymphoma, indicating a setback in its approval process.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:02 am

UAL

United Airlines' stock is trading lower following reports that the FAA is considering limiting new routes for the airline due to recent safety concerns.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:00 am

AMD

INTC

Shares of AMD and Intel are trading lower following China's announcement of new guidelines to phase out their microprocessors in government PCs and servers. This move is likely to impact the companies' market share and revenues in one of the largest markets.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:58 am

ESPR

Esperion's shares surged following the FDA's approval of broad labels for NEXLETOL and NEXLIZET, allowing their use to prevent heart attacks and cardiovascular procedures, irrespective of statin use.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:44 am

AMD

INTC

NVDA

Shares of Advanced Micro Devices (AMD) fell in premarket trading after reports that China plans to eliminate U.S.-made microprocessors from government computers, affecting AMD and Intel. Nvidia (NVDA), on the other hand, saw a premarket increase, attributed to its diverse AI accelerator applications and less direct impact from the Chinese decision. This development is part of China's effort to promote domestic technology amidst trade tensions with the U.S.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 10:43 am

AAPL

GOOG

GOOGL

META

The European Union has initiated investigations into Apple, Meta, and Google under a new digital competition law, focusing on their dominant market positions and practices, particularly in relation to app stores.

Portfolio Pulse from Charles Gross

March 25, 2024 | 10:16 am

CLF

Cleveland-Cliffs is set to receive $575 million in investments from the US Department of Energy for two decarbonization projects at Middletown Works in Ohio and Butler Works in Pennsylvania. This funding aims to support the company's efforts in reducing carbon emissions at these facilities.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:13 am

LNZA

The U.S. Department of Energy's Office of Clean Energy Demonstrations has chosen Technip Energies and LanzaTech Global (LNZA) to start negotiations for up to $200M in funding from the Bipartisan Infrastructure Law and Inflation Reduction Act. This funding aims to support clean energy initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:11 am

CENX

Century Aluminum (CENX) has been selected by the US Department of Energy to receive a $500M investment for building a new green aluminum smelter, aimed at accelerating industrial decarbonization. This will be the first new U.S. primary aluminum smelter in 45 years, potentially doubling the size of the current U.S. primary aluminum industry upon completion.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:01 am

UAL

The Federal Aviation Administration (FAA) is considering limiting new routes for United Airlines due to recent safety incidents. This move could impact United's expansion plans and operational flexibility.

Portfolio Pulse from Charles Gross

March 25, 2024 | 9:41 am