Streetbeat News

Regulatory

TSM

The U.S. House Committee on China is seeking answers from the Commerce Department and TSMC regarding a TSMC chip found in a Huawei device, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:04 pm

LLY

Eli Lilly's Alzheimer's drug, donanemab, has been approved by UK regulators but is not considered cost-effective by NICE, leading to coverage refusal. Despite approval, the drug faces challenges in being adopted due to its high cost relative to benefits.

Portfolio Pulse from Vandana Singh

October 23, 2024 | 6:57 pm

DBVT

DBV Technologies (NASDAQ:DBVT) is advancing its Viaskin Peanut patch for treating peanut allergies in children, with progress in FDA and European regulatory pathways. However, financial concerns persist as the company seeks additional funding.

Portfolio Pulse from Vandana Singh

October 23, 2024 | 6:15 pm

MFG

MUFG

SMFG

Shares of US-listed Japanese banking companies are trading lower, potentially due to the upcoming snap election on October 27.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:55 pm

AAPL

Apple Inc (NASDAQ:AAPL) shares are down after analyst Ming-Chi Kuo reported a cut in iPhone 16 orders by 10 million units, affecting non-Pro models. Additionally, Apple and Goldman Sachs face a $89 million settlement over their credit card joint venture.

Portfolio Pulse from Adam Eckert

October 23, 2024 | 5:51 pm

TCNNF

Trulieve CEO Kim Rivers criticizes misleading ads opposing Florida's Amendment 3, which aims to legalize recreational cannabis. She argues the amendment will broaden economic opportunities and ensure child safety through strict packaging regulations.

Portfolio Pulse from Rolando García

October 23, 2024 | 5:45 pm

EWY

SPY

VGK

The U.S. has assessed that North Korea has moved at least 3,000 troops to Eastern Russia for training, potentially impacting the conflict in Ukraine. This development could have significant geopolitical implications in Europe and the Indo-Pacific region.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:22 pm

SPY

VGK

The G7 allies, including the United States, are providing a $50 billion loan to Ukraine, backed by frozen Russian assets. The U.S. is contributing $20 billion, with repayment from interest on these assets.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:14 pm

MSFT

Microsoft's new threat assessment highlights increased efforts by Russia, Iran, and China to influence the 2024 U.S. presidential election. The report details the use of AI by Russia, cyber-influence operations by Iran, and targeted attacks by China on U.S. politicians. Microsoft emphasizes the importance of vigilance and fact-checking to maintain election integrity.

Portfolio Pulse from Chris Katje

October 23, 2024 | 5:08 pm

BTCUSD

A recent ECB paper criticized Bitcoin's viability, sparking a rebuttal from crypto academics who accused the ECB of bias and misunderstanding Bitcoin's purpose. The debate highlights Bitcoin's role as a store of value and its potential against inflation.

Portfolio Pulse from Murtuza Merchant

October 23, 2024 | 4:53 pm