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Regulatory

EIS

SPY

USO

The Israeli Prime Minister has advised civilians in Gaza to move to the south. This could potentially escalate tensions in the region, affecting the performance of certain ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:21 pm

BTCUSD

ETHUSD

SPY

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has stated that the cryptocurrency industry is not as decentralized as it claims to be. He also mentioned that the industry is rife with non-compliance of U.S. rules, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:20 pm

BA

Boeing has reported an increase in the estimated total abnormal costs for its 787 program from $2.8B-$3B in Q3 of 2023, primarily due to supply chain disruption. The cumulative abnormal costs recorded through September 30, 2023, totaled $2.6B, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:03 pm

MA

V

The U.S. Federal Reserve is expected to propose a review of the fees banks can charge retailers for debit card transactions. This could lead to a legal battle between the two industries. The fees, which have been criticized by retailers as disproportionately high, generated around $24.31 billion for lenders in 2019. The Retail Industry Leaders Association expects the Fed to propose lowering the caps. This news sent shares in credit card companies Visa and Mastercard lower.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:43 pm

BIVI

BioVie Inc. (NASDAQ:BIVI) has presented blinded data from its Phase 3 clinical trial of NE3107 for the treatment of mild to moderate Alzheimer's Disease. The data suggests that NE3107 is biologically active and may have an impact on cognitive, biomarker, and imaging endpoints. Statistically significant population changes from baseline were observed for all primary and secondary cognitive and functional assessments measured. The company expects to announce unblinded, topline data from this trial in late November or early December.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:33 pm

SPY

The House of Representatives is set to vote on Republican Mike Johnson as Speaker. The event is being live-streamed on YouTube. The SPY ETF may be mentioned in the coverage.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:12 pm

WLDS

Wearable Devices has received a Nasdaq minimum bid price notification, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:09 pm

ADBE

ARM

NVDA

The U.K.'s Competition and Markets Authority has extended its investigation into Adobe Inc's $20 billion acquisition of Figma Inc, pushing the deadline to February 25. The deal is under scrutiny from global regulators, the EU, and the U.S. Department of Justice over concerns of reduced competition in the design software market. Adobe's shares traded lower by 2.84% following the news.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 4:06 pm

GOOGL

MSFT

NVDA

The Biden administration is set to unveil a significant artificial intelligence (AI) executive order, aiming to regulate the technology. The order will require advanced AI models to undergo assessments before federal use and will ease immigration barriers for highly-skilled workers. The order is expected to be announced two days before an international summit on AI risks. The order will also require federal agencies to assess how they might incorporate AI into their work, focusing on national cyber defenses. The order is expected to build on voluntary commitments signed by 15 companies, including OpenAI, Google, Adobe, and Nvidia.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:05 pm

GOOG

META

MSFT

NVDA

QQQ

Nvidia Corp's stock is trading lower, impacted by the U.S. Government's immediate additional export restrictions on several of its products. Analysts argue that the impact on Nvidia will be negligible due to its strong position in AI. Meanwhile, Microsoft Corp's earnings news received a positive response, while Alphabet, Inc's Cloud revenue growth failed to impress investors. Meta Platforms, Inc is set to report its quarterly earnings.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 4:02 pm