Streetbeat News

Regulatory

BGNE

Health Canada has approved BeiGene's BRUKINSA (zanubrutinib) for the treatment of relapsed or refractory follicular lymphoma. This marks a significant milestone for BeiGene, expanding its portfolio in the treatment of lymphoma and potentially increasing its market share in the Canadian healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:48 am

ABT

PODD

Insulet has received CE Mark approval for the compatibility of the Abbott FreeStyle Libre 2 Plus sensor with its Omnipod 5 Automated Insulin Delivery System for individuals aged two years and older under the European Medical Device Regulation.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:42 am

DOGEUSD

FLOKIUSD

Cryptocurrency analyst Inmortal predicts that Floki (CRYPTO: FLOKI) will be the standout meme coin in the current bull run, potentially replicating Dogecoin's (CRYPTO: DOGE) 2021 rally. Floki has seen sideways trading throughout 2023, similar to DOGE before its spike. The Floki team has also addressed concerns from the Hong Kong Securities and Futures Commission by implementing measures to restrict Hong Kong residents from participating in their staking programs. FLOKI's price has recently increased by 1.37%.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 11:11 am

TENX

Tenax Therapeutics, Inc. (NASDAQ:TENX) shares surged over 10% in premarket trading following a 31% gain in the previous session. The increase comes after the company announced that U.S. regulators have allowed its patent application for heart failure therapy, levosimendan, covering various formulations and combinations. The patent, once granted, will extend IP protection through December 2040, bolstering Tenax's rights to develop and commercialize levosimendan in North America.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 10:33 am

UBER

Wheely, a luxury ride-hailing service, is launching in Dubai to target affluent clients with a fleet of electric cars, including BMW 5 Series and plans for the BMW i5 electric variant. This move challenges Uber's market presence through its owned company Careem. Wheely's focus on wealthy clients and sustainable transportation aligns with Dubai's push for clean energy vehicles.

Portfolio Pulse from kaustubh@benzinga.com

February 07, 2024 | 9:19 am

GM

GOOGL

A California judge recommended that GM's Cruise increase its settlement offer by 1.5x in a case involving a severe accident with a pedestrian by a Cruise autonomous taxi. The incident led to the suspension of Cruise's license by the California DMV, which accused Cruise of withholding information. The judge suggested a maximum penalty of $112,500, considering Cruise's initial offer of $75,000 as low. Meanwhile, Alphabet's Waymo is advancing with its robotaxi launch in Los Angeles.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 8:36 am

JAZZ

Jazz Pharmaceuticals (NASDAQ:JAZZ) has signed a definitive agreement to acquire the global rights to Redx Pharma's KRAS inhibitor program for an upfront payment of $10M and up to $870M in earnouts. The deal includes collaboration on IND-enabling studies, with Jazz handling clinical development, regulatory, manufacturing, and commercialization. The agreement also involves potential milestone payments and royalties to Redx based on future net sales.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:07 am

EVO

Evotec SE's subsidiary, Just - Evotec Biologics, expands its development and manufacturing agreement with ABL for HIV antibodies, funded by Federal funds under an IDIQ contract from NIAID, NIH, DHHS. The expansion includes developing a third bNAb and large-scale cGMP manufacturing for a Phase I clinical study.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:03 am

DIS

Elon Musk has escalated his criticism of The Walt Disney Co (NYSE:DIS) over its diversity standards, alleging 'institutionalized racism and sexism' and offering legal aid to those discriminated against. The controversy stems from a leaked 'Inclusion Standards' memo, which Musk shared, detailing diversity criteria for Disney productions. Musk's critique follows his support for Gina Carano's legal battle against Disney and Lucasfilm, and his broader criticism of diversity and inclusion policies in various industries.

Portfolio Pulse from Ramakrishnan M

February 07, 2024 | 3:52 am

BTCUSD

U.S. Treasury Secretary Janet Yellen urged Congress to introduce legislation for regulating stablecoins and the crypto spot market not classified as securities, highlighting the need to address regulatory gaps and potential misuse for payments and money laundering. Yellen's call for regulation comes amidst slow legislative movements due to a divided Congress. She proposes a federal regulator for stablecoins and regulatory protection for individuals holding stablecoins in wallets.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 3:43 am