Streetbeat News

Regulatory

RNLX

Renalytix plc (NASDAQ:RNLX) announced the U.S. Government's approval to add its kidneyintelX.dkd test to a 10-year Governmentwide Acquisition Contract for early-stage kidney disease testing, effective March 1, 2024. The test is priced at $950 per result. This contract allows for testing services at any government healthcare facility, including the U.S. Veterans Administration and Department of Defense. Additionally, Medicare's consideration of a coverage policy for KidneyIntelX could lead to insurance reimbursement for millions of patients. RNLX shares surged 32.50% to $1.10.

Portfolio Pulse from Vandana Singh

February 29, 2024 | 5:51 pm

TIVC

Tivic Health Systems has filed a patent application (#20240066294) for a microcurrent TMJ treatment device with an adaptive trigger, indicating innovation in medical device technology.

Portfolio Pulse from Charles Gross

February 29, 2024 | 4:56 pm

TIVC

Tivic Health Systems has filed a US patent application (#20240066295) for a microcurrent migraine treatment device featuring an adaptive trigger. This innovation could potentially enhance Tivic Health's product lineup, offering a new solution for migraine sufferers.

Portfolio Pulse from Charles Gross

February 29, 2024 | 4:52 pm

EIS

SPY

Senate Minority Leader McConnell criticized the blaming of Israel for its operations in hospitals and schools to free hostages and kill terrorists, stating it excuses Hamas for violating war laws by militarizing civilian infrastructure.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:51 pm

AI

IWM

SPY

The Fed's preferred inflation gauge, PCE, rose significantly, leading to a positive reaction in the stock market, particularly in AI stocks like C3.ai Inc, and Bitcoin. The PCE data showed deflation in goods but inflation in services. Aggressive buying was also seen in small caps, as indicated by the iShares Russell 2000 ETF. The article also discusses global economic influences, including Bank of Japan's interest rate signals and Putin's nuclear threats. Positive money flows were noted in major tech stocks, while Amazon showed negative flows. Gold, oil, and Bitcoin saw aggressive buying, with Bitcoin nearing $64,000 again.

Portfolio Pulse from The Arora Report

February 29, 2024 | 4:46 pm

SPY

Senate Minority Leader McConnell announced that leaders from both parties and houses have agreed on a plan to prevent a government shutdown, ensuring that government operations continue without interruption.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:46 pm

SPY

Fed's Goolsbee expressed that continued substantial productivity growth could influence monetary policy, but he believes it's unlikely to persist. Monitoring of the situation is planned.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:39 pm

SPY

Fed's Goolsbee expressed concern over the slow improvement in housing inflation, indicating a close watch on the housing market's dynamics and its impact on overall inflation.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:36 pm

SPY

Senate Majority Leader Schumer expressed optimism about passing a short-term Continuing Resolution (CR) to avoid a government shutdown, contingent on House action. He emphasized the need for bipartisan cooperation to achieve this as soon as possible, potentially by tonight.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:36 pm

SPY

Fed's Goolsbee suggests that positive labor supply shocks are likely to have a more enduring impact on inflation compared to supply chain shocks. This insight could influence future monetary policy decisions and market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 4:28 pm