Streetbeat News

Regulatory

IPSC

Century Therapeutics' stock is up following the FDA's clearance of their IND application for CNTY-101, aimed at treating Systemic Lupus Erythematosus.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 5:03 pm

OPTN

OptiNose shares dropped following the announcement that the FDA has extended the review period for the supplemental new drug application of XHANCE by three months.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:57 pm

SPY

VGK

The U.S. is set to announce an additional $175 million in military aid for Ukraine, according to a U.S. official cited by Reuters. This move is part of the ongoing support from the U.S. to assist Ukraine amidst the conflict in the region.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:36 pm

EWW

SPY

U.S. Treasury Secretary Yellen has identified the Beltran Leyva Organization as one of the largest cocaine suppliers in the U.S., now also significantly involved in the manufacturing and trafficking of fentanyl, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:33 pm

EWW

SPY

The U.S. Treasury has announced OFAC sanctions against 15 individuals and two Mexican companies linked to the Beltran Leyva Organization in Mexico. These sanctions are part of the ongoing efforts to disrupt the financial activities of international drug trafficking organizations.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:32 pm

SPY

VGK

President Biden is scheduled to deliver remarks on Ukraine funding at 12 pm ET, as reported by Reuters. The content of the speech and the specifics of the funding have not been detailed in the article.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:27 pm

VRNOF

The Alabama Medical Cannabis Commission (AMCC) is facing a new lawsuit from Enchanted Green LLC after the company was denied a processor permit in the third round of licensing. Enchanted Green alleges that the AMCC changed rules and criteria unconstitutionally and violated multiple laws. The lawsuit follows previous legal challenges from other cannabis operators, including Verano Holdings Corp. (OTC:VRNOF), after the first two licensing attempts in June and August led to a legal saga and a settlement in November.

Portfolio Pulse from Jelena Martinovic

December 06, 2023 | 4:26 pm

STBX

Starbox Group Holdings Ltd (NASDAQ:STBX) stock plummeted by 51% to $0.10, hitting a new all-time low without any company-specific news. The decline follows a recent notification from Nasdaq about non-compliance with the minimum share price requirement for continued listing. STBX has 180 days to maintain a closing bid price of at least $1.00 for ten consecutive business days to avoid delisting. The company may consider a reverse share split to meet this requirement. STBX's 52-week range is $0.097 to $4.46.

Portfolio Pulse from Henry Khederian

December 06, 2023 | 4:20 pm

QQQ

SPY

TLT

Recent data indicating a cooling U.S. labor market has raised concerns among investors ahead of the November jobs report and the upcoming Federal Open Market Committee meeting. Job openings decreased and ADP reported lower-than-expected private employment growth. Economists expect non-farm payrolls to rise to 180,000 with a steady unemployment rate and a slight increase in average hourly earnings. The jobs report could influence market expectations of Federal Reserve rate cuts in 2024, affecting ETFs like QQQ, SPY, and TLT.

Portfolio Pulse from Piero Cingari

December 06, 2023 | 3:51 pm

ARVN

CPB

PHR

PHVS

PLAY

THO

WBUY

THOR Industries reported better-than-expected quarterly earnings of 99 cents per share against estimates of 98 cents, with sales of $2.50 billion versus $2.498 billion expected, sending its shares up 6.5%. Other stocks also moved higher, with significant gains following positive earnings, clinical study results, strategic moves, and financial updates.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 3:48 pm