Streetbeat News

Regulatory

MRNA

Moderna has shipped millions of updated COVID-19 vaccines to distributors across the U.S. following FDA approval. The company is supporting distributors to ensure rapid delivery to pharmacies and points of care. Moderna continues to ship additional supply daily due to high demand, with an additional 6 million doses available as of today.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:49 pm

PLTR

Palantir Technologies CEO Alex Karp appeared on CNBC to discuss the recent Senate AI meeting.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:47 pm

EVGN

Evogene has received a letter from Nasdaq stating that the company is not in compliance with the minimum bid price rule, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:33 pm

SPY

VGK

US Treasury Secretary Janet Yellen has expressed support for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets. The tax is seen as a sensible way to finance the reconstruction of Ukraine. The US is currently discussing the idea with the EU.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:25 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The Federal Reserve's new dot plot indicates higher interest rates for a longer period, contradicting predictions of four rate cuts next year. This has led to significant selling in the stock market. The dot plot shows a median projection for 2024 at 5.1%, up from 4.6% in the previous plot. The Arora Report analysis suggests one to two rate cuts next year. Initial jobless claims this week were lower than expected, indicating a stronger jobs picture. The Bank of England left its rates unchanged. Negative money flows were observed in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Mixed money flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

September 21, 2023 | 2:21 pm

BMRN

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) announced that new data on VOXZOGO® (vosoritide) in children with achondroplasia will be presented at the 61st Annual European Society for Paediatric Endocrinology (ESPE) Meeting. The data shows long-term benefits of VOXZOGO on growth in children with achondroplasia. The company is expecting label expansion decisions from U.S. and European Regulatory Authorities in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:02 pm

ARM

AVGO

CART

CSCO

DRI

FDS

GOOG

GOOGL

KBH

KDP

KHC

MRVL

NIO

PARA

SBUX

SPLK

TOSBF

UBS

WBD

Weekly jobless claims fell to 201,000, below estimates. Cisco Systems is acquiring Splunk for $28 billion, causing a rally in Splunk's stock and a fall in Cisco's. Starbucks announced a 7.5% increase in its quarterly dividend. Keurig Dr Pepper appointed Tim Cofer as COO, effective Nov.6, 2023. Kraft Heinz recalled 83,800 cases of Kraft Singles due to choking hazard. Google is replacing Broadcom with Marvell for AI chips. Nio launched a smartphone to compete in China's EV market. Toshiba is going private after a successful $14 billion tender offer from JIP. Unilever is selling some of its non-core beauty brands. UBS terminated 70% of Credit Suisse's HK research staff. VinFast plans to ship EVs to Europe by end of 2023. Paramount Global and Warner Bros. Discovery stocks rose amid reports of a potential end to the Hollywood writers' strike. Arm Holdings and Instacart stocks declined, raising concerns about tech IPOs. The DOJ limited access to key evidence in its antitrust case against Google. Kia launched its cheapest EV in South Korea. KB Home reported a Q3 sales decline of 13.9% YoY but beat estimates. Darden Restaurants reported Q1 sales growth of 11.6% YoY, beating estimates. FactSet Research reported Q4 sales growth of 7.3% YoY, slightly beating estimates.

Portfolio Pulse from Vandana Singh

September 21, 2023 | 2:02 pm

SPY

The USA Leading Index for August has been reported at -0.4%, slightly better than the estimated -0.5%, but worse than the -0.3% reported in the prior month.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 2:01 pm

LFLY

Leafly Holdings (NASDAQ:LFLY) has filed a lawsuit against New York’s Office of Cannabis Management (OCM) over a ban on third-party advertising and marketing services. The lawsuit comes as New York approves new regulations to resolve previous issues that halted new licenses or opening new dispensaries. The new regulations are set to be implemented on October 4.

Portfolio Pulse from Nina Zdinjak

September 21, 2023 | 1:55 pm

GOOG

GOOGL

MSFT

The U.S. Department of Justice (DOJ) has removed public access to key evidence in its antitrust lawsuit against Alphabet Inc's Google, raising transparency concerns. Google had previously challenged the government's practice of posting documents online, arguing that this would expose sensitive information. The company is under scrutiny for alleged manipulation of ad auctions and maintaining a monopoly over online search through deals worth over $10 billion annually.

Portfolio Pulse from Anusuya Lahiri

September 21, 2023 | 1:49 pm