Streetbeat News

Regulatory

FRLN

Freeline has presented new data from its Phase 1/2 GALILEO-1 trial of FLT201, a novel gene therapy candidate for Gaucher disease. The results are promising and could potentially lead to a new treatment option for patients with this rare genetic disorder.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:27 am

AMZN

Amazon Web Services (AWS) plans to launch the AWS European Sovereign Cloud to meet strict regulatory demands in Europe. This move is expected to enhance AWS's compliance with European data protection laws and increase its market share in the region.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:26 am

BKH

Black Hills Corp's natural gas utility has requested approval of a settlement agreement for a rate review in Wyoming. The outcome of this review could impact the company's revenue and profitability.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 6:54 am

GOOG

GOOGL

Alphabet Inc's self-driving technology unit, Waymo, is expanding its commercial ride-hailing service, adding over 100,000 people from its San Francisco waitlist. The company also announced that Austin will be the next city for its ride-hail service. This comes after Waymo and General Motors' Cruise received permits for 24/7 fare-based autonomous operations in San Francisco in August.

Portfolio Pulse from Anan Ashraf

October 25, 2023 | 6:04 am

GM

General Motors' autonomous driving unit, Cruise, reported a 47% increase in losses from $497 million to $732 million in the last quarter due to ambitious scaling efforts. Despite this, GM's CEO Mary Barra remains optimistic about Cruise's growth and expansion. However, the California Department of Motor Vehicles suspended Cruise's autonomous vehicle deployment and driverless testing permits in San Francisco due to safety concerns. Morgan Stanley's Adam Jonas remains bullish on Cruise's prospects, predicting $1 billion in revenue by 2025.

Portfolio Pulse from Anan Ashraf

October 25, 2023 | 5:37 am

EWA

Australia's Trimmed Mean Consumer Price Index (QoQ) for Q3 has been reported at 1.2%, higher than the estimated 1.1% and the revised prior of 1%. This indicates a higher than expected inflation rate in Australia.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:18 am

AAPL

Walter Isaacson, a well-known biographer, has stated that Apple Inc. (NASDAQ:AAPL) could be the most affected US company if economic tensions between the US and China continue to rise. Isaacson believes that Apple will find it challenging to decrease its reliance on China, which manufactures the majority of its products. His comments come after reports of sluggish iPhone 15 sales in China and difficulties faced by Apple's production side in the country.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 4:23 am

GM

GOOGL

TSLA

General Motors' autonomous vehicle subsidiary, Cruise, is pausing operations in San Francisco following a suspension from the California Department of Motor Vehicles (DMV) due to 'unreasonable risk' to public safety. The suspension comes after an accident involving a Cruise vehicle. Despite the incident, Cruise maintains that its vehicles are safer than human drivers in urban environments. The suspension could increase uncertainty for Alphabet's Waymo and Tesla's future autonomous robotaxi, potentially raising regulatory hurdles and decreasing customer uptake for autonomous ride-hailing due to safety concerns.

Portfolio Pulse from Anan Ashraf

October 25, 2023 | 3:27 am

BLK

BTCUSD

BlackRock Inc.'s proposed iShares Bitcoin ETF, known as IBTC, reappeared on the Depository Trust and Clearing Corporation (DTCC) website after a brief disappearance. The initial listing of the ETF on the DTCC site led to a surge in Bitcoin's value, exceeding $35,000 before stabilizing around $33,000. The ETF's sudden withdrawal and subsequent reappearance stirred the market, with its initial presence linked to Bitcoin's brief surge and its disappearance leading to a 3% drop in Bitcoin's value.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 3:10 am

TSLA

Republican presidential candidate Vivek Ramaswamy and Tesla CEO Elon Musk have expressed mutual support for the legalization of cannabis and certain psychedelics. Both also share concerns about the current global situation, with Musk warning of the potential civilizational risk posed by complacency and entitlement. Musk also stressed the need for peace in Ukraine and normal relations with Russia to prevent pushing Russia towards other allies like China.

Portfolio Pulse from Maureen Meehan

October 25, 2023 | 3:06 am