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U. S. Steel has reached a consent decree with Allegheny County Health Department, Clean Air Council, and PennEnvironment regarding its Clairton Plant. The agreement includes $19.5 million in upgrades to coke oven gas cleaning facilities and a $4.5 million contribution to local community projects. Additionally, Clairton battery #15 will be permanently idled with no job losses, and U. S. Steel will pay $500,000 to the Allegheny County Clean Air Fund and cover litigation costs for PennEnvironment and Clean Air Council.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 9:02 pm

AAL

BA

LUV

UAL

Boeing Company (NYSE:BA) faces criticism from airline CEOs due to quality control and manufacturing issues, leading to a grounding of 737 Max jets by the FAA. United Airlines (NASDAQ:UAL) expects a Q1 loss and plans without Boeing's Max 10. American Airlines (NASDAQ:AAL) demands a quality product from Boeing. Southwest Airlines (NYSE:LUV) supports FAA oversight for Boeing's improvement. Boeing apologizes and commits to a plan for improvement. Stock prices for BA, UAL, AAL, and LUV have been affected.

Portfolio Pulse from Erica Kollmann

January 26, 2024 | 8:45 pm

ETH-USD

The Ethereum Foundation has announced the final timeline for the Dencun network upgrade, with activations on the Goerli testnet completed and upcoming activations on the Sepolia and Holesky testnets. Dencun is a major upgrade for Ethereum, introducing improvements like EIP-4844 to reduce transaction fees on Layer 2 solutions. The upgrade includes several EIPs and requires node operators and stakers on the testnets to update their clients. The successful deployment on testnets will lead to activation on the Ethereum mainnet, potentially enhancing transaction efficiency and network performance.

Portfolio Pulse from Murtuza Merchant

January 26, 2024 | 7:42 pm

ALK

BA

UAL

The FAA has not approved Boeing's (NYSE:BA) planned expansion for the 737 Max aircraft due to quality issues, but has allowed the 737 Max 9 to return to service for United Airlines (NASDAQ:UAL) and Alaska Air Group (NYSE:ALK). Moody's maintained Boeing's Baa2 rating with a stable outlook, despite considering the news as 'one step forward, two steps back.' Alaska Air plans to resume flights with the 737 Max 9, and United Airlines is expected to follow. Boeing's stock is up 1% on Friday but down 21% YTD.

Portfolio Pulse from Chris Katje

January 26, 2024 | 7:34 pm

FXI

SPY

US Treasury Secretary Yellen has indicated that the US economy may experience some spillovers from China's financial turmoil, particularly if it results in slower growth among key Asian trade partners. However, she believes that any potential spillovers to the US economy will not be 'very large'.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:19 pm

CALT

VERA

Vera Therapeutics Inc (NASDAQ:VERA) stock surged nearly 50% after positive 72-week data from a Phase 2b trial of atacicept for IgA nephropathy (IgAN). Analysts responded with rating upgrades and increased price targets. Oppenheimer initiated coverage with an Outperform rating and a $26 target. Raymond James upgraded to Strong Buy and raised their target from $29 to $37. Wedbush maintained a Neutral rating but increased their target from $16 to $21. The stock's volume significantly exceeded the average. Calliditas Therapeutics AB (NASDAQ:CALT), which also develops IgAN treatments, had its drug Tarpeyo approved by the FDA in December.

Portfolio Pulse from Vandana Singh

January 26, 2024 | 7:13 pm

SPY

U.S. Commerce Secretary Raimondo has expressed concerns about China or non-state actors potentially using U.S. cloud services for AI model training. She emphasized that U.S. computing companies should be responsible for identifying their customers, especially those training large AI models.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:45 pm

SPY

Commerce Secretary Raimondo announced that the U.S. will propose rules for cloud companies regarding reporting requirements. The rule focuses on identifying users of U.S. cloud services for AI model training.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 6:45 pm

UBER

Uber has filed an appeal against the Paris Mayor's order to exclude VTCs (vehicle for hire services) from operating on Rue de Rivoli and Rue Saint-Antoine, two central streets in Paris. This move comes as part of the city's efforts to reduce traffic and pollution. The exclusion could impact Uber's operations in the city, potentially affecting the company's revenue and market presence in Paris.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:19 pm

EIS

SPY

The U.S. State Department has stated that the International Court of Justice's ruling aligns with the U.S. perspective that Israel has the right to take measures to prevent future attacks like those that occurred on October 7. Furthermore, the U.S. maintains its stance that accusations of genocide against Israel are baseless, as reported by Reuters citing a State Department spokesperson.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:06 pm