Streetbeat News

Regulatory

ICU

SeaStar Medical's shares are trading higher following the FDA's Breakthrough Device Designation for the company's Selective Cytopheretic Device for hepatorenal syndrome.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:29 pm

EWU

SPY

The London Stock Exchange is investigating an incident that has limited trading to only FTSE 100, FTSE 250, and IOB securities. The impact on US-listed ETFs like EWU and SPY is yet to be determined.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:21 pm

AVGO

NVDA

VMW

The US's embargo on advanced artificial intelligence technology to China could potentially disrupt the $69 billion deal between Broadcom Inc (AVGO) and Vmware, Inc (VMW). China's State Administration of Market Regulation has not yet approved the deal, and the recent US sanctions on AI chips could further delay the process. The sanctions will affect Nvidia Corp's (NVDA) A800 and H800 chips. Broadcom has stated there are no legal impediments to the deal in the US, and expects the transaction to close this fiscal year. VMW shares traded lower by 9.25% and AVGO shares traded lower by 1.74% in the premarket.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 3:20 pm

EWU

SPY

A system 'incident' has halted trading in hundreds of shares on the London Stock Exchange, affecting several high-profile names such as Asos Plc, Deliveroo Plc, and Metro Bank Holdings Plc. The halt began at about 3:10 p.m. local time.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:20 pm

SPY

Rep. Jim Jordan (R-Ohio) will not seek an additional speaker vote, instead backing a plan to give Rep. Patrick T. McHenry (R-N.C.), the temporary speaker, additional powers. This comes after two rounds of votes where it was clear that Jordan did not have enough support to win the speaker's gavel. This decision allows House functions to move forward.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:15 pm

GE

GOOGL

IBM

INTC

MDT

MSFT

MU

NVDA

The World Health Organization (WHO) has released a publication outlining regulatory considerations for the use of artificial intelligence (AI) in healthcare. The document emphasizes the importance of safety, efficacy, and rapid deployment of AI systems, and encourages dialogue among stakeholders. The U.S. is a key player in the AI in Healthcare Market, with companies such as Nvidia Corp, Intel Corporation, IBM, Alphabet Inc's Google, General Electric Co, Microsoft Corporation, Siemens Healthineers, Medtronic Plc, Micron Technology Inc, and Amazon Web Services leading the way.

Portfolio Pulse from Vandana Singh

October 19, 2023 | 3:08 pm

ICU

SeaStar Medical Holding Corporation (NASDAQ:ICU) shares are trading higher after the company received FDA Breakthrough Device Designation for its Selective Cytopheretic Device (SCD). This is the third such designation granted by the FDA to SeaStar for the SCD device, which is expected to expedite its clinical development and regulatory review. The company's stock is up over 40% on heavy volume.

Portfolio Pulse from Vandana Singh

October 19, 2023 | 3:06 pm

EIS

SPY

Israel's Finance Minister Smotrich is preparing an aid package for the Israeli economy that will be larger than the one provided during the Covid-19 pandemic.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:06 pm

AMZN

QCOM

Benzinga's Titans AI Summit has begun. The event is expected to feature discussions on AI and its impact on various industries. Amazon (AMZN) and Qualcomm (QCOM) may be mentioned during the summit.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:02 pm

META

TWTR

Elon Musk is reportedly considering removing social media platform X (formerly Twitter), which he acquired for $44 billion, from Europe due to regulatory issues related to the Digital Services Act. The European Union has targeted X over compliance issues, and violations could result in fines of up to 6% of a company's total revenue. Europe represents around 9% of X's global monthly active users. Meta Platforms (NASDAQ:META) previously made a similar move in Europe for its social media platform Threads.

Portfolio Pulse from Chris Katje

October 19, 2023 | 2:59 pm