Streetbeat News

Regulatory

SPY

Federal Reserve Governor Waller has stated that the labor market is cooling and is nearing the average levels seen before the pandemic, indicating a calming down of the market.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:13 pm

GOOG

GOOGL

GREK

Google has announced the launch of Google News Showcase, a curated online news experience and licensing program, in Greece. This move is expected to enhance Google's presence in the European market.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:08 pm

GLUE

Monte Rosa Therapeutics (NASDAQ:GLUE) has presented preclinical data at the ACR Convergence 2023, demonstrating the potential of MRT-6160, a VAV1-targeted molecular glue degrader, to treat immunological and inflammatory diseases. The data supports the broad potential therapeutic applications of MRT-6160 in a variety of autoimmune and inflammatory disorders. The company expects to file an Investigational New Drug for MRT-6160 in 1H 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:01 pm

TAK

Takeda Pharmaceutical Company Limited (TAK) announced positive results from its Phase 2b trial of TAK-279, an investigational oral allosteric tyrosine kinase 2 (TYK2) inhibitor, in patients with active psoriatic arthritis. The study met its primary endpoint with 53.3% and 54.2% of patients treated with TAK-279 achieving at least an ACR 20 response compared to 29.2% in the placebo group at week 12. Takeda plans to initiate Phase 3 studies in plaque psoriasis in FY23 and psoriatic arthritis in FY24, while exploring TAK-279 in systemic lupus erythematosus, inflammatory bowel disease and other indications.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:01 pm

INTC

Intel Corp (NASDAQ:INTC) has shelved a planned investment in Vietnam due to concerns about power supply stability and bureaucracy. The company is expanding its investment in chip packaging in Malaysia and is a leading contender for U.S. government funding for secure microchip facilities. Intel's shares traded higher by 0.70% at $38.21 on Tuesday.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 2:54 pm

GOOG

GOOGL

META

SNAP

Meta Platforms Inc has banned political campaigns and other regulated industries from using its new generative AI advertising products to prevent the spread of election misinformation. The move follows Meta's plans to expand access to AI-powered advertising tools. Alphabet Inc's Google launched similar AI ad tools, while TikTok and Snap Inc bar political ads. Meta's shares are trading 0.11% higher at $316.14.

Portfolio Pulse from Anusuya Lahiri

November 07, 2023 | 2:43 pm

BNBUSD

BTCUSD

Cryptocurrency token ORDI, linked to the Bitcoin Ordinals framework, has seen a 50% increase in value following its listing on Binance. Binance has warned potential investors about the high volatility of the new token. The Ordinals protocol, which underpins the ORDI token, allows for the incorporation of data onto the Bitcoin blockchain through inscriptions. The listing saw the ORDI token's value rise to $11 from the previous $7 range, with trading volumes reaching nearly $100 million within a 24-hour period.

Portfolio Pulse from Murtuza Merchant

November 07, 2023 | 2:26 pm

IBRX

ImmunityBio, Inc. (IBRX) has announced new data showing promising anti-tumor activity of its Memory Cytokine-Enriched Natural Killer cells (M-ceNK) in small cell lung cancer and other types of neuroendocrine tumors. The M-ceNK cells use the patient's own NK cells, enriched with ImmunityBio's IL-15 superagonist N-803, to recognize and kill cancer targets. The findings were presented at the annual meeting of the Society for Immunotherapy of Cancer (SITC).

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:07 pm

MODN

Model N (NYSE:MODN) has announced new product enhancements to help pharma manufacturers manage regulatory, compliance, and discounting challenges. The enhancements relate to 340B, the Inflation Reduction Act (IRA), and global pricing. The company has also added IRA-specific master data attributes to its product master data, and introduced Country Rules as a Service to its Global Pricing Management product to help pharma companies comply with evolving regulations worldwide.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:06 pm

CNXA

Connexa has announced expanded patent coverage for its Slinger Bag Ball Launcher, with sales surpassing 70,000 units worldwide. The company has secured utility and design patents in several countries including the USA, Japan, China, Hong Kong, Canada, Spain, and Great Britain.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:03 pm