Streetbeat News

Regulatory

EWU

SPY

UK's Badenoch reveals active work on a trade deal with Texas, with potential deals with New York and California in the pipeline. The Florida trade pact will focus on sectors like space and financial technology.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:11 pm

EWU

SPY

UK Business Secretary Badenoch is set to sign a Memorandum of Understanding on trade with Florida Governor DeSantis. This indicates progress towards a broader UK-US trade agreement, which could be reached 'fairly soon' according to Badenoch.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:10 pm

SPY

Fed Vice Chair for Supervision Michael S. Barr provided testimony, which could influence market sentiment and impact ETFs like SPY that track broad market indices. His statements often give insights into the Federal Reserve's views on the economy, which can affect investor confidence and monetary policy expectations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:06 pm

BNPQY

GS

NMR

Fnality, a blockchain-based wholesale payments firm, raised $95.09 million in its second funding round, led by Goldman Sachs Group Inc. (GS) and BNP Paribas (BNPQY). Other participants included DTCC, Euroclear, Nomura Holdings Inc (NMR), and WisdomTree. The firm, which was founded in 2019 as a UBS-led blockchain project, is awaiting the Bank of England's approval to start operations. The funding will help establish a global liquidity management network for digital payment models in wholesale financial markets and tokenized asset markets, aiming to bridge the gap between mainstream and digital finance.

Portfolio Pulse from Khyathi Dalal

November 14, 2023 | 4:05 pm

SPY

Michael Barr, the U.S. Federal Reserve Vice Chair for Supervision, stated that the proposed capital rules are not expected to have significant negative effects on small businesses. This announcement may influence investor sentiment regarding the broader market and financial sector regulations.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:05 pm

BCDA

BioCardia Inc's stock (NASDAQ:BCDA) soared by over 200% after the FDA approved its Phase 3 CardiAMP Heart Failure II study protocol. The study focuses on CardiAMP autologous cell therapy for ischemic heart failure. Interim analysis showed significant clinical improvements in patients with certain NT-proBNP levels. The final data from the ongoing trial is expected in Q4 2024. The new study will have a modified primary efficacy endpoint and eligibility requirements based on NT-proBNP levels.

Portfolio Pulse from Vandana Singh

November 14, 2023 | 4:05 pm

UUP

The IDF claims that Hamas is using Gaza hospitals, including Al-Rantisi, for military purposes, which Hamas denies. President Biden and the WHO call for the protection of these hospitals amid the conflict. Israeli stocks and the shekel strengthened following a global market rally due to a softer U.S. inflation report. The Invesco DB USD Index Bullish Fund ETF (UUP) saw the U.S. dollar index drop by 1% after the inflation report.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 4:03 pm

EIS

SPY

President Biden expressed optimism about the release of hostages, indicating that he believes it is going to happen. The article does not provide further details on the context or the impact on specific companies or ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:56 pm

FXI

SPY

President Biden emphasized the importance of normal and military communication with China, stating efforts to improve the U.S.-China relationship.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:55 pm