Streetbeat News

Regulatory

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Roche's Q3 sales rose 9% to $17.5 billion, driven by Ocrevus and Vabysmo. Roche urges regulators to block Novo Holdings' $16.5B acquisition of Catalent, citing potential negative industry impacts. The acquisition could affect competition in the GLP-1 market, where several companies, including Roche, have therapies in development.

Portfolio Pulse from Vandana Singh

October 23, 2024 | 11:05 pm

GRAL

GRAIL presented early results from the REFLECTION Real-World Evidence Study, showing that a veteran cohort had a cancer signal detection rate consistent with other populations using the MCED test. The findings were shared at the 2024 Early Detection of Cancer Conference.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 10:06 pm

MCD

The USDA is investigating the safety of McDonald's ground beef patties following an E.Coli outbreak, although slivered onions are suspected as the source. A state partner has collected samples for testing.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:25 pm

SANW

S&W Seed Company (NASDAQ:SANW) received a non-compliance notice from Nasdaq for failing to file its Annual Report on time. The company has 60 days to submit a compliance plan to avoid potential delisting.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:08 pm

PXDT

Pixie Dust Technologies announced plans to delist its ADRs from NASDAQ and deregister with the SEC. The company initially listed in August 2023 to access U.S. capital markets but has now decided to withdraw.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:01 pm

EA

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SAG-AFTRA has secured over 120 AI agreements with 49 gaming companies, focusing on actor protections in AI usage. Upcoming negotiations with major developers like Activision, EA, WB, and Take-Two aim to extend these protections.

Portfolio Pulse from Franca Quarneti

October 23, 2024 | 8:53 pm

KRT

Karat Packaging has reported unauthorized access to its information systems. The company has activated its cybersecurity response plan and notified federal law enforcement. The investigation is ongoing, but no business disruption has been detected, and the incident is considered non-material.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:47 pm

PFE

Pfizer announced that the CDC's Advisory Committee on Immunization Practice has voted to expand the recommendation for the use of certain pneumococcal vaccines, including PREVNAR 20, for all adults aged 50 and older.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:47 pm

PALL

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The US has requested the G-7 to consider imposing sanctions on Russian palladium and titanium, aiming to pressure President Putin's regime. This move could impact global markets, particularly those related to these metals.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:43 pm

SPY

TLT

The 30-year U.S. Treasury yield has surpassed 4.50%, causing concern in global markets. The iShares 20+ Year Treasury Bond ETF (TLT) and SPDR S&P 500 ETF Trust (SPY) have both declined, reflecting investor apprehension over fiscal policies and inflation. The IMF has issued a pessimistic fiscal forecast for the U.S., predicting a budget deficit of 7.6% of GDP in 2024.

Portfolio Pulse from Piero Cingari

October 23, 2024 | 8:40 pm