Streetbeat News

Regulatory

KRYS

The U.S. Centers for Medicare & Medicaid Services (CMS) has assigned a permanent J-code for Krystal Biotech's Vyjuvek, a treatment for Dystrophic Epidermolysis Bullosa, which will be effective from January 1, 2024. This J-code facilitates billing and reimbursement processes for Vyjuvek, potentially improving its market accessibility and adoption.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:12 pm

ONCY

Oncolytics Biotech announced plans to initiate its first Phase 3 study for Pelareorep in pancreatic cancer within the year. Additionally, the company will offer guidance on the registration path for metastatic breast cancer in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:08 pm

ACET

Adicet Bio, Inc. (NASDAQ:ACET) aims to advance its pipeline of allogeneic gamma delta T cell therapies in 2024, focusing on oncology and autoimmune diseases. The FDA cleared an IND for ADI-001 in lupus nephritis, with a Phase 1 trial expected in Q2 2024. In hematologic malignancies, ADI-001 showed promising results in MCL patients, and a clinical update is anticipated in the second half of 2024. The company also plans to file an IND for ADI-270, targeting renal cell carcinoma, in Q2 2024. Adicet Bio's cash runway is projected to last into the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:04 pm

BLK

GS

Goldman Sachs (GS) is in talks to become an authorized participant for BlackRock's (BLK) upcoming spot Bitcoin ETFs, as well as those planned by Grayscale. GS and BLK stocks rose by 1.71% and 2.06%, respectively, on Thursday. The SEC is expected to decide on the Ark/21Shares spot Bitcoin ETF by January 10. To date, the SEC has only approved ETFs linked to Bitcoin and Ethereum futures, not spot cryptocurrencies. Goldman Sachs' potential role would involve creating and redeeming ETF shares to reflect the value of the underlying Bitcoin.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 11:39 am

BP

EQNR

Equinor ASA (NYSE:EQNR) and BP plc (NYSE:BP) have terminated their Offshore Wind Renewable Energy Certificate (OREC) Agreement with NYSERDA for the Empire Wind 2 project due to economic reasons such as inflation, interest rates, and supply chain disruptions. The Empire Wind 1 project remains active. The U.S. is a key growth market for Equinor, aiming for 12-16 GW of renewables capacity by 2030. Offshore wind energy project progress has slowed in 2023 across various states.

Portfolio Pulse from Shivani Kumaresan

January 04, 2024 | 11:38 am

TSLA

Driving schools in Norway are banning new Tesla vehicles, particularly the Model 3, as instruction cars due to concerns over the unconventional steering wheel design. The design, which replaces the traditional indicator lever with buttons on the steering wheel, has been criticized for causing loss of focus and direction, particularly in roundabouts. This has raised safety concerns among driving instructors and the National Roads Administration, potentially affecting Tesla's reputation and complicating driving tests for students using these vehicles.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 11:06 am

CELZ

Creative Medical Technologies has filed a U.S. patent application (#20240002792) for a method to repair ovarian damage and reduce inflammation by using monocytic-granulocytic progenitors with immune modulatory activities. This could represent a significant advancement in medical treatments related to ovarian health.

Portfolio Pulse from Charles Gross

January 04, 2024 | 10:50 am

F

TSLA

Ford Motor Co. (NYSE:F) has reportedly adjusted prices for its 2024 F-150 Lightning EV pickup trucks, increasing prices for some models by $2,000 to $10,000 and reducing prices for premium trims by up to $10,000. The price changes were confirmed with the company following a report by Detroit Free Press. The 2023 model year prices remain unchanged. The price cuts for the Platinum trims may be due to their ineligibility for the federal tax subsidy. A new variant, the Flash, with an estimated EPA range of 320 miles, is priced at $73,495. Meanwhile, Tesla, Inc. (NASDAQ:TSLA) is set to enter the market with its Cybertruck, with prices ranging from $61,000 to $99,000, and the vehicle is expected to qualify for the federal tax subsidy. Ford's stock ended down 3.70% at $11.71 on Wednesday.

Portfolio Pulse from Shanthi Rexaline

January 04, 2024 | 10:05 am

ADAG

Adagene is set to present interim results of its anti-CTLA-4 SAFEbody ADG126 (muzastotug) in combination with Pembrolizumab for MSS CRC at the ASCO 2024 Gastrointestinal Cancers Symposium.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 10:03 am

AMZN

Twitch, owned by Amazon (NASDAQ:AMZN), updated its sexual content policies to ban streamers from implying nudity, even when fully clothed. The policy, effective immediately, prohibits actions like covering body parts suggestively or using censor bars. Twitch is also developing a feature to blur thumbnails and allow users to filter out streams with sexual themes. This follows a December policy change that was partially reversed after community backlash.

Portfolio Pulse from Benzinga Neuro

January 04, 2024 | 9:01 am