Streetbeat News

Regulatory

KEYS

Keysight Technologies has been validated for 3GPP Release 16 transmitter performance enhancement test cases, covering single and multiple precoding matrix indicators for 16 and 32 element transmitters. The validations, which include the first test cases for 3GPP Release 17 Enhanced Power Saving, were achieved at the Conformance Agreement Group #77 meeting in Malaga, Spain.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:05 pm

ETHUSD

On Sunday, 2,561.44 Ether (ETH) valued at approximately $5.9 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -0.18% for Ether, indicating a move towards a deflationary currency, especially with the anticipated Ethereum 2.0 upgrade that is expected to further reduce the issuance rate.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 6:00 pm

ALK

BA

UAL

BofA Securities analyst Ronald J. Epstein discussed the FAA's production freeze of Boeing's 737 MAX and its implications for MAX 7 and MAX 10 certification with Chris Brady, author of The Boeing 737 Technical Guide. The freeze may lead to customer loss as airlines like United Airlines may seek other providers due to delivery delays. Boeing aims to fix the anti-ice system by June 2026. Epstein maintains a Neutral rating on Boeing with a $225 price target. Boeing shares are slightly down.

Portfolio Pulse from Lekha Gupta

January 29, 2024 | 5:44 pm

PFE

The FDA has revised the emergency use authorization for Pfizer's COVID-19 treatment Paxlovid. The EUA-labeled Paxlovid will remain authorized until March 8, 2024, or its expiration date, whichever comes first. After this date, only FDA-approved NDA-labeled Paxlovid will be available. This transition began on November 1, 2023, and affects pharmacies and healthcare providers. The PAXCESS program will offer free Paxlovid to eligible patients until December 31, 2024. Pfizer's stock (PFE) saw a minor decrease of 0.04% to $27.46.

Portfolio Pulse from Vandana Singh

January 29, 2024 | 5:39 pm

EIS

SPY

USO

Qatar's Prime Minister has stated that UNWRA should not face consequences for allegations against individual staff members. The article does not provide details on the nature of the claims or how they relate to the mentioned ETFs (EIS, SPY, USO).

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 5:21 pm

EIS

SPY

USO

Qatar's Prime Minister expressed hope to present a framework for an Israel-Hamas deal to Hamas, encouraging constructive engagement. He also noted that potential U.S. retaliation for an attack on U.S. soldiers could affect hostage negotiations and regional security.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 5:19 pm

EIS

SPY

USO

Qatar's Prime Minister has indicated that significant progress was made in laying the groundwork for a potential resolution regarding hostages, which could eventually lead to a permanent ceasefire.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 5:18 pm

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FXI

SPY

U.S. lawmakers have requested the Biden Administration to impose export restrictions on four Chinese companies involved in Ford Motor's planned battery plant in Michigan. This could potentially affect the progress of the plant and Ford's electric vehicle strategy.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 5:16 pm

BABA

MCHI

China's proposed $278 billion stimulus to rescue its markets may not be effective, with fears of social unrest and a comparison to the US 2008 recession. The iShares MSCI China ETF (MCHI) is down 4% this year and 37% since inception. Alibaba (BABA) lost 38% in value over the past year. CITIC Securities restricted short selling, and China plans to inject funds into markets via Hong Kong. China's debt-to-GDP ratio hit a record 286%, and there's skepticism about the stimulus' effectiveness and concerns about global contagion risks.

Portfolio Pulse from Caleb Naysmith

January 29, 2024 | 5:00 pm