Streetbeat News

Regulatory

SPY

Federal Reserve's Cook warns that vulnerabilities among non-banks could amplify the stress of tightened financial conditions and a slowing economy. He emphasizes that while the Fed cannot anticipate all risks, it can build resilience to shocks, particularly by enhancing the resilience of large banks.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:06 pm

SPY

Federal Reserve's Cook has stated that business borrowing is at high levels, but measures of debt servicing capacity remain strong overall due to profits and limited impact of high interest rates so far.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:05 pm

SPY

Federal Reserve's Cook has warned that if commercial mortgage delinquency rates force sales, commercial real estate prices could decline sharply. He also noted that some borrowers' debt service capacity has begun to show signs of weakness.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:04 pm

SPY

Fed's Cook stated that the expectations of near-term policy rates are not driving the rise in long-term rates. He also mentioned that residential and commercial property prices remain above levels historically associated with fundamentals.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:03 pm

APLS

Citron Research has released a report on Apellis Pharmaceuticals (APLS), stating that the company's successful days are over due to concerns over its drug, Syfovre. The drug, used for treating Geographic Atrophy, has been linked to retinal vasculitis, a side effect that has caused the company's stock to drop. Despite these reports, Apellis continues to stand by the safety of Syfovre.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:58 pm

NOTE

FiscalNote (NYSE:NOTE), an AI-driven enterprise SaaS technology provider, has expanded its global policy coverage to include China. The new offering covers China's national and provincial legislative and regulatory policy developments. This addition marks the latest enhancement to FiscalNote's Global Policy Dashboard, which already covers over 80 countries. The expansion aims to provide customers with comprehensive monitoring, tracking, news, and analysis of legislative and regulatory activity in China.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:49 pm

MULN

Mullen has received EPA certification for its commercial Class 1 and Class 3 EV vehicles, a key milestone for selling vehicles in the U.S. The Class 3 EV cab chassis truck received EPA certification on Sept. 22, 2023, and Class 1 vehicle production began on Nov. 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:33 pm

AIM

AIM ImmunoTech has filed a definitive proxy statement and sent a letter to shareholders, warning them of an activist group's attempt to take control of the company's board. The group, which includes individuals with criminal backgrounds, is seeking to nominate three individuals for election to the four-person board. The company has rejected the nomination notice as invalid and misleading. AIM ImmunoTech is currently involved in litigation with the activist group. The company has urged shareholders to vote for the incumbent board members at the upcoming annual meeting.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:28 pm

SAVA

Cassava Sciences has completed enrollment for its Phase 3 program of Simufilam in Alzheimer's disease. The program includes two trials with 1,929 patients. Top-line results for the 52-week trial are expected by the end of 2024, and for the 76-week trial by mid-2025.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:16 pm

TSN

Tyson Foods Inc. (NYSE:TSN) has voluntarily recalled approximately 29,819 pounds of its dinosaur-shaped 'Fun Nuggets' due to potential contamination with small metal fragments. The recall was initiated after reports of extraneous material found in the food items. The affected batch was produced on a single day and was shipped to distributors in several states for further distribution to the retail level. Following the news, TSN shares closed lower by 1.05% at $47.06 on Friday.

Portfolio Pulse from Akanksha Bakshi

November 06, 2023 | 2:15 pm