Streetbeat News

Regulatory

EIS

SPY

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The White House's spokesperson, John Kirby, has stated that the U.S. will work with Israel to minimize civilian casualties. No specific actions or strategies were mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:05 pm

ETHUSD

On Wednesday, 5,608.48 Ether (ETH) worth $10,119,215 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, lowering the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -5.33%.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 6:00 pm

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SPY

USO

The White House's Kirby has announced that they are exploring the idea of taking as many pauses as necessary to evacuate people from Gaza and provide aid. No specific plans or timelines were mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:00 pm

FXI

SPY

US Treasury Secretary Janet Yellen stated that the de-coupling of the US and Chinese economies is 'simply not practical'. This statement could have implications for US-listed ETFs that track Chinese equities, such as FXI, and broader market ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:41 pm

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Treasury Secretary Janet Yellen warns that a full separation of the U.S. and Chinese economies would have disastrous global effects. She also cautions against a U.S. approach to China that would force Indo-Pacific countries to choose sides, as it could have significant negative global repercussions.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:39 pm

LLY

Eli Lilly has announced that Mounjaro, the first and only single molecule GIP and GLP-1 receptor agonist for the treatment of adults with Type 2 diabetes, is now available in Canada.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:33 pm

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VGK

US Secretary of State, Blinken, has expressed deep concern over Russia's planned action to withdraw its ratification of the Comprehensive Nuclear-Test-Ban Treaty, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:22 pm

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The U.S. Senate Committee is set to hold a hearing next week on aviation near miss incidents, with the Federal Aviation Administration (FAA) and National Transportation Safety Board (NTSB) participating. The news was reported by Reuters citing sources.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:11 pm

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SPY

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Following the Federal Open Market Committee (FOMC) meeting, stocks and bonds rallied in New York as interest rates were kept steady at 5.25%-5.5%. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and iShares 20+ Year Treasury Bond ETF (TLT) all experienced significant gains. The futures market now implies a high probability of steady interest rates in December, with the first rate cut expected in June 2024. However, uncertainty persists with some investors cautioning against prematurely declaring an end to the selloff in the U.S. bond market.

Portfolio Pulse from Piero Cingari

November 02, 2023 | 5:09 pm

SGEN

Seagen Inc. (NASDAQ:SGEN) announced that it will present new data for its drug ADCETRIS in combination with immunotherapy for Hodgkin lymphoma at the 2023 ASH Annual Meeting. The company will also unveil a novel CD30-directed antibody-drug conjugate, SGN-35C. The data will include 12- and 24-month progression free survival data for ADCETRIS and immunotherapy combination in early and advanced stage classical Hodgkin lymphoma. ADCETRIS is a proven foundation of care for certain CD30-expressing lymphomas with more than 120,000 patients treated globally across seven indications.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:01 pm