Streetbeat News

Regulatory

SNY

Sanofi is negotiating the sale of a 50% stake in its consumer healthcare business, Opella, with CD&R, while PAI Partners has increased its bid. The French government may block the sale due to national interests. Sanofi's stock was slightly down.

Portfolio Pulse from Vandana Singh

October 18, 2024 | 5:30 pm

SPY

Federal Reserve's Bostic stated that the policy rate needed adjustment due to shifting risks, with a neutral rate estimated between 3% and 3.5%. The Fed is not rushing to reach this neutral rate and expects to achieve 2% inflation by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:29 pm

NVO

TSVT

Novo Nordisk's hemophilia drug Alhemo receives a positive opinion from the European Medicines Agency's CHMP, recommending its approval as a once-daily treatment for hemophilia A or B with inhibitors. The drug has shown significant efficacy in reducing bleeding episodes.

Portfolio Pulse from Vandana Singh

October 18, 2024 | 5:21 pm

COIN

PYPL

The EU's Markets in Crypto Assets (MiCA) regulation introduces a new era for the crypto industry, impacting stablecoin issuers and exchanges. Coinbase plans to delist non-compliant stablecoins, while PayPal and Circle have taken steps to align with MiCA. The regulation aims to enhance consumer protection and integrate crypto into traditional finance.

Portfolio Pulse from European Capital Insights

October 18, 2024 | 5:13 pm

SPY

Federal Reserve's Waller did not comment on monetary policy or the economic outlook in his prepared remarks on decentralized finance.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 4:12 pm

CVS

ELV

UNH

Elevance Health, CVS Health, and UnitedHealth Group are facing increased medical costs due to the end of a COVID-19 policy that maintained continuous Medicaid enrollment. This has led to lowered profit forecasts and earnings outlooks for these companies.

Portfolio Pulse from Erica Kollmann

October 18, 2024 | 4:09 pm

TCNNF

Florida's cannabis legalization initiative, Amendment 3, is part of the state's most expensive ballot initiatives, with over $90 million raised, primarily by Trulieve Cannabis Corp. The measure needs 60% of the vote to pass and has support from Donald Trump but faces opposition from Governor Ron DeSantis and the Florida Conference of Catholic Bishops.

Portfolio Pulse from Maureen Meehan

October 18, 2024 | 3:50 pm

AMRC

Ameresco's Pu'uloa Microgrid project has been selected for the U.S. Department of Energy's Grid Resilience and Innovation Partnerships Program. This 99 MW microgrid aims to enhance energy resilience and reliability for Joint Base Pearl Harbor Hickam and the Oahu community.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 3:37 pm

DJT

SPY

A federal judge has unsealed over 1,800 pages of documents in the case against Donald Trump related to the January 6 election incident. This follows Judge Chutkan's decision to reject Trump's request to delay the release until after the November 5 election. Trump is facing charges of conspiring to overturn the 2020 election results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 3:17 pm

ACTV

PSCC

THS

TreeHouse Foods, Inc. (NYSE:THS) shares are trading slightly lower due to a voluntary recall of specific frozen waffle products over potential Listeria contamination. No illnesses have been reported, and the recall is in cooperation with the FDA and CFIA. THS stock has gained 0.6% over the past year.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2024 | 3:00 pm