Streetbeat News

Regulatory

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BBY

NFLX

NYT

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The FTC has finalized the 'click-to-cancel' rule to simplify subscription cancellations, impacting companies like Netflix, Amazon, and Planet Fitness. The rule aims to protect consumers from difficult cancellation processes and will take effect in six months.

Portfolio Pulse from Erica Kollmann

October 17, 2024 | 3:53 pm

NIO

NIO Inc's stock is falling due to investor concerns over China's vague stimulus measures, which lack specific support for the EV sector. NIO faces challenges from U.S.-China tensions and economic uncertainties, impacting demand for high-end EVs.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 3:51 pm

SONN

Sonnet BioTherapeutics shares rose after the company announced it regained compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:44 pm

AGR

Senator Richard Blumenthal's office in Connecticut is investigating the acquisition of Avangrid (AGR) by Iberdrola. This scrutiny could impact the acquisition process and Avangrid's stock price.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:34 pm

ABBV

The FDA has approved AbbVie's Vyalev, a 24-hour subcutaneous infusion treatment for advanced Parkinson's disease, marking a significant advancement in PD therapy. Medicare coverage is expected by 2025. AbbVie's stock is currently trading above its 200-day moving average, indicating a bullish trend.

Portfolio Pulse from Vandana Singh

October 17, 2024 | 3:31 pm

BABA

Alibaba's stock is down 2.27% as investors are uncertain about China's economic stimulus measures, which lack specifics for the tech sector. Alibaba faces challenges from a weak domestic economy, regulatory crackdowns, and geopolitical tensions affecting its tech access.

Portfolio Pulse from Henry Khederian

October 17, 2024 | 3:27 pm

AFRM

PYPL

SQ

The UK government has introduced new regulations for Buy-Now, Pay-Later (BNPL) services to protect consumers from unmanageable debt. The Financial Conduct Authority will oversee these rules to ensure affordable lending.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:09 pm

AIFF

DRUG

Firefly Neuroscience and Bright Minds Biosciences have successfully completed a Phase 1 study of BMB-101, a compound for neuropsychiatric disorders, using AI-driven data analysis. The study showed positive results, and BMB-101 will advance to Phase 2 trials.

Portfolio Pulse from Juan Spínelli

October 17, 2024 | 2:55 pm

GL

Globe Life Inc. reported an extortion attempt involving customer data from its subsidiary, American Income Life Insurance, affecting 5,000 individuals. The company is investigating with no material impact on operations.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 2:36 pm

V

The 2024 State of Crypto Report by a16z crypto highlights unprecedented growth in the crypto industry, with record activity, political relevance, and infrastructure improvements. Key findings include the rise of stablecoins, DeFi growth, and the intersection of crypto with AI.

Portfolio Pulse from Ivan Crnogatić

October 17, 2024 | 2:34 pm