Streetbeat News

Regulatory

REGN

Regeneron has shared preliminary results from its Phase 1/2 CHORD trial, showing that its otoferlin gene therapy (DB-OTO) improves auditory responses in a child with profound genetic hearing loss. The trial is part of Regeneron's first auditory program and is currently enrolling patients. DB-OTO is part of a growing pipeline of genetic medicines for hearing loss and other therapeutic areas that are being advanced by the company.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 8:01 pm

USDCUSD

Circle, the issuer of USDC Coin (CRYPTO: USDC), has partnered with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to launch a points-to-crypto service. This service will allow users to convert their FamilyMart loyalty points into cryptocurrencies like USDC. The move is expected to deepen Circle's presence in the Taiwanese market. Taiwan plans to submit its special crypto law draft by November end, with implementation likely in mid-2024.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 7:52 pm

TLT

U.S. Treasury Secretary Janet Yellen has dismissed the expanding fiscal deficit as the cause of the recent surge in long-term bond yields, attributing it instead to the strength of the U.S. economy. The rise in yields could potentially slow economic growth and increase the U.S. government's borrowing costs. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), a barometer for the long-term Treasury market, has fallen by 15% in 2023 and is trading at levels last seen in July 2007.

Portfolio Pulse from Piero Cingari

October 26, 2023 | 7:33 pm

EW

Edwards Lifesciences Corporation (NYSE:EW) announced one-year results from the CLASP IID trial and registry, confirming the safety and efficacy of its PASCAL system for treating degenerative mitral regurgitation (DMR). The trial showed a freedom from major adverse events rate of 84.7% at one year, and significant and sustained MR reduction, with 95.8% of patients achieving MR ≤2+ at one year. The PASCAL system also showed sustained outcomes of high survival, low heart failure hospitalization and meaningful quality-of-life improvements.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:16 pm

CMCSA

DIS

Comcast has announced amendments to its agreement, stating that the put/call provisions regarding its interest can now be exercised in November 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:15 pm

CMCSA

DIS

Comcast has reported a decrease in content licensing revenue and expects programming and production costs at its Studios segment to continue in the near term. The company also anticipates work stoppages to result in reduced programming and production costs at its Media segment in the near term, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:14 pm

VALE

Shares of VALE S.A. have been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:09 pm

LLAP

Terran Orbital Corporation (NYSE:LLAP) has requested the New York Stock Exchange to halt trading in the company's common stock for the remainder of the day due to a Shareholder Town Hall Meeting. The meeting is scheduled to be held today at 3:00 p.m. E.T.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:08 pm

CAT

EWW

The U.S. Department of Labor and U.S. Trade Representative have requested a review from the Mexican government into alleged labor rights violations at the Tecnología Modificada facility, a subsidiary of Caterpillar Inc. The request follows a petition alleging that the company unlawfully terminated a worker for union organizing and interfered with union activities. The Mexican government has 10 days to decide whether to conduct a review and 45 days to investigate the claims.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:04 pm

LLAP

Trading of shares for Terran Orbital has been halted due to pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:59 pm