Streetbeat News

Regulatory

SPY

Fed's Barkin emphasized the need for more data before deciding on rate cuts, cautioning against premature actions that could reignite inflation. He noted past instances where inflation unexpectedly surged, suggesting a cautious approach to monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 5:11 pm

JNJ

Janssen, a subsidiary of Johnson & Johnson (JNJ), has submitted a Type II extension of indication application to the European Medicines Agency (EMA) for the approval of RYVREVANT in combination with Lazertinib for the first-line treatment of patients with EGFR-mutated non-small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:47 pm

DWAC

The Supreme Court is set to hear arguments regarding former President Donald Trump's eligibility for the 2024 election ballot in Colorado, following his removal due to a violation of the 14th Amendment's insurrection clause. This case could influence Trump's presence on ballots in other states and impact the 2024 presidential election. Shares of Digital World Acquisition (NASDAQ:DWAC), merging with Trump Media & Technology Group, may be affected by the outcome.

Portfolio Pulse from Chris Katje

February 08, 2024 | 4:38 pm

AAL

DAL

LUV

UAL

A Senate committee has approved a bill that significantly increases the maximum civil penalties for airline consumer violations, raising the cap from $25,000 per violation to $75,000. This legislative move aims to enforce stricter compliance and accountability among airlines regarding consumer rights and safety standards.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:23 pm

AAL

DAL

LUV

SPY

The U.S. Senate Commerce Committee has voted to approve a bill aimed at enhancing aviation safety by increasing the number of FAA aviation safety inspectors and air traffic control staff. Additionally, the bill seeks to prohibit airlines from imposing fees on families wishing to sit together during flights. This legislative move is part of broader efforts to improve the safety and consumer experience in the aviation sector.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:21 pm

ACB

CGC

TLRY

A recent poll in North Carolina shows strong voter support for the legalization of medical marijuana, indicating a potential shift in the state's cannabis policy landscape. This growing public support could influence legislative actions and impact companies involved in the cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:15 pm

AAL

ALK

DAL

JBLU

LUV

SAVE

SPY

UAL

ULCC

The U.S. Senate Commerce Committee voted against a proposal to increase the mandatory retirement age for airline pilots from 65 to 67. This decision impacts airlines and aircraft manufacturers by maintaining the current workforce age limit.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:07 pm

ACHR

Archer has received Part 145 Certification from the FAA, marking a significant milestone in its journey towards commercialization in 2025. This certification allows Archer to operate a repair and maintenance station, underscoring its commitment to safety and operational standards.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:01 pm

NSTG

NanoString Technologies has entered into a debtor-in-possession credit facility agreement, according to an SEC filing. The agreement provides for an initial loan of $12.5 million, with an additional $35 million available upon final court approval. Furthermore, there is a provision for a $95 million debt 'roll up' from a previous agreement.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:56 pm

HUT

MARA

RIOT

Bitcoin miners are selling their holdings at a record pace to fund expansion ahead of the April 2024 halving event, which will reduce mining rewards. This selling has contributed to a recent price pullback. Miner reserves have hit a six-year high in outflows following ETF approval. The halving is expected to decrease miner profitability, prompting sales to upgrade infrastructure. Central banks' anticipated interest rate cuts in 2024 could weaken the dollar, potentially increasing miner profits. Publicly listed mining companies like Marathon Digital, Riot Platforms, and Hut 8 Mining are in focus as the halving approaches.

Portfolio Pulse from Khyathi Dalal

February 08, 2024 | 3:25 pm