Streetbeat News

Regulatory

SPY

Federal Reserve's Thomas Barkin stated that long-term rates have loosened, but he does not consider them as a policy variable or equate them to rate hikes.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:20 pm

SPY

Federal Reserve's Barkin stated that the core issue on whether another rate hike is needed is inflation. He added that continued disinflation indicates that the policy is working as intended.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:17 pm

PHVS

Pharvaris (NASDAQ:PHVS) announced the presentation of two ePosters at the ACAAI 2023 Annual Scientific Meeting. The posters will present clinical data on Deucrictibant, a drug being developed to treat hereditary angioedema (HAE), and real-world HAE treatment satisfaction data. The phase 2 RAPIDe-1 trial showed that PHVS416 (immediate-release deucrictibant capsules) reduced time to symptom relief and use of rescue medication. The company aims to develop this formulation to provide rapid and reliable symptom relief in an easy-to-administer, small oral dosage form.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:08 pm

SPY

U.S. Republican Representative Marjorie Taylor Greene has filed a motion to impeach U.S. Homeland Security Secretary Alejandro Mayorkas.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:07 pm

SPRY

ARS Pharmaceuticals, Inc. (NASDAQ:SPRY) announced that clinical data supporting neffy (epinephrine nasal spray) will be presented at the 2023 American College of Allergy Asthma and Immunology (ACAAI) Annual Scientific Meeting. The data suggests that neffy could be a safe and effective option for treating severe allergic reactions across various patient subgroups. Notably, the pharmacokinetics of neffy are independent of BMI or body weight, unlike injection products.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 4:05 pm

COIN

FTTUSD

SEC Chair Gary Gensler has stated that FTX (CRYPTO: FTT) could operate successfully under new leadership if it adheres to the law. This comes amid reports that Tom Farley, former president of the New York Stock Exchange, is among the top contenders to acquire the bankrupt crypto exchange. Gensler emphasized the importance of building investor trust and ensuring proper disclosures. FTX’s founder, Sam Bankman-Fried, was recently found guilty on all seven criminal counts against him, including fraud and money laundering charges.

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 3:49 pm

TM

TSLA

President Biden has expressed his support for the United Auto Workers (UAW) efforts to unionize Tesla and Toyota. This could potentially lead to increased labor costs for both companies.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:46 pm

EIS

SPY

The White House's Kirby announced that Israel will start implementing four-hour pauses in Northern Gaza each day. The impact on US-listed ETFs EIS and SPY is unclear.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:34 pm

SPY

UNG

USO

The Energy Information Administration (EIA) has announced a delay in its scheduled data releases from November 8-10, 2023, due to a planned systems upgrade. The regular publishing schedule will resume on November 13.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:34 pm

EIS

SPY

The White House's Kirby announced that two humanitarian corridors will be established to allow people to flee hostilities in Gaza. The U.S. remains concerned that Hamas will prevent people from fleeing.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:32 pm