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Regulatory

SPY

Fed's Jefferson highlighted three key risks to the economy: resilient consumer spending stalling inflation progress, potential weakening of employment, and elevated geopolitical risks. He anticipates that as the labor market cools, core services inflation will continue to moderate.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:01 pm

SPY

Fed's Jefferson remarks on the likelihood of cutting the policy rate later this year, despite January's CPI data being disappointing. He suggests the path to lower inflation may be bumpy. Fed staff estimates indicate the PCE Price Index rose 2.4% over the 12 months ended in January.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 3:01 pm

SPY

Vice Chair of the Federal Reserve, Philip N. Jefferson, is scheduled to make remarks, an event that could influence market sentiment and monetary policy expectations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:53 pm

TCBP

TCBP announced that the MHRA has accepted an amendment for the ACHIEVE UK trial, which includes increasing the dose level to align with Cohort 2 in the IND and changing the procedure from 'in patient' to 'out patient'.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:35 pm

AAPL

Apple Inc. (NASDAQ:AAPL) has filed a patent for interchangeable sleeves for its Apple Pencil, suggesting a significant upgrade with enhanced controls, sensors, and extended battery life. This development follows the launch of a more economical third-generation Apple Pencil in Oct. 2023, priced at $79, featuring high precision, low latency, and tilt sensitivity. The new sleeves could increase the functionality and versatility of the Apple Pencil, potentially boosting sales.

Portfolio Pulse from Rounak Jain

February 22, 2024 | 2:33 pm

PG

During the Cagny Conference, P&G's CFO announced expectations of continued market pressure in Greater China and a softening of underlying market trends in some European enterprises. This indicates potential challenges ahead for P&G in these regions.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:14 pm

IVDA

VNM

Iveda has partnered with VinaFore to become an authorized AI solutions provider for the Vietnamese government, focusing on smart city projects across Vietnam.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:04 pm

NRGV

Energy Vault Holdings, Inc. (NRGV) has started construction of the U.S.'s largest green hydrogen plus battery energy storage system in Calistoga, California, for PG&E. The system, expected to be operational by Q2 2024, will provide 293 MWh of carbon-free energy, capable of powering 2,000 customers for up to 48 hours. This project, supported by a 10.5-year tolling agreement with PG&E, marks a significant advancement in microgrid development and decarbonization efforts.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:04 pm

OSA

ProSomnus, Inc. (NASDAQ:OSA) announced successful pilot study results for its Next Generation Remote Patient Monitoring (RPM) device for Obstructive Sleep Apnea (OSA). The study showed the device's embedded oximeter can accurately monitor SpO2, marking a significant step towards personalized and predictive sleep medicine. The device, still pending FDA clearances and commercialization, could revolutionize OSA treatment by enabling real-time monitoring of vital parameters and predictive metrics for cardiovascular risks.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:57 pm

JNJ

Ambrx Biopharma has entered into a merger agreement with Johnson & Johnson and Charm Merger Sub. The required waiting period under the HSR Act has expired, indicating regulatory approval for the merger.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:56 pm