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The FDA has banned the sale of menthol Vuse electronic cigarettes and a fruit-flavored nicotine product from Vuse. The products are manufactured by British American Tobacco's Reynolds American business. The FDA is also considering action against the company's tobacco-flavored vapes. Altria Group, which owns a stake in Juul, has also faced scrutiny from the FDA. The rise and fall of Juul is documented in a Netflix documentary.

Portfolio Pulse from Aaron Bry

October 13, 2023 | 3:33 pm

META

PINS

SNAP

The U.S. Supreme Court has temporarily blocked restrictions on the Biden administration's social media contacts. This decision may affect social media companies like Meta Platforms Inc (META), Pinterest Inc (PINS), and Snap Inc (SNAP).

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:30 pm

Citi CEO announced that the bank has identified approximately 1,000 or 50% of internal financial management reports that will not be needed after reorganization. The next round of reorganization changes is expected to happen in mid-November.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:18 pm

SPY

Representative Jim Jordan of Ohio is making a bid for the speakership, aiming to unite a Republican Conference in chaos after the ousting of one speaker and blocking another. The move comes after a faction of his supporters forced out former Speaker Kevin McCarthy and refused to back the party's chosen successor, Representative Steve Scalise. If Jordan succeeds, he would be second in line to the presidency. However, mainstream Republicans have concerns about Jordan, with some refusing to support him.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:17 pm

PLUG

SPY

The Department of Energy has awarded $7B for Hydrogen Hubs. Plug Power is part of the $925M Appalachian Hub, $1.2B California Hub, and $750M Mid-Atlantic Hydrogen Hub.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:10 pm

CEAD

Nasdaq has formally decided to grant CEA Industries Inc a second 180-day compliance period, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 3:05 pm

BTCUSD

SPY

The International Monetary Fund (IMF) has stated that 'important' structural measures are needed for a deal with El Salvador. The IMF also reiterated its stance against Bitcoin as a legal tender, a move that El Salvador has recently adopted.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:48 pm

INCY

Incyte (NASDAQ:INCY) has announced new data from the Phase 3 TRuE-AD3 study evaluating the safety and efficacy of ruxolitinib cream (Opzelura®) in children with atopic dermatitis (AD). The study met its primary endpoint with significantly more patients treated with ruxolitinib cream achieving Investigator's Global Assessment Treatment Success (IGA-TS) than patients treated with vehicle control. The cream was well tolerated with no serious infections, major adverse cardiovascular events, malignancies or thromboses reported during the 8-week vehicle-controlled period.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:35 pm

BABA

DIDIY

LYFT

SFTBY

UBER

China's largest ride-hailing company, Didi Global Inc., plans to list on the Hong Kong Stock Exchange after being delisted from the New York Stock Exchange last year due to regulatory fines. The company's OTC markets listing is 80% lower than its June 2021 debut price. The planned Hong Kong listing could boost the flagging IPO market. Didi's major investors include Softbank Group Corp.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 2:33 pm

BPTH

Bio-Path Holdings, Inc. (NASDAQ:BPTH) shares surged over 90% on heavy trading volume, with more than 63.5 million shares traded in the session, significantly above the stock's 100-day average volume of just over 700 thousand shares. The company had previously received a noncompliance notice from Nasdaq due to its share price falling below the $1.00 minimum closing price over the prior 30 consecutive trading days. Bio-Path Holdings has until March 11, 2024, to regain compliance.

Portfolio Pulse from Erica Kollmann

October 13, 2023 | 2:32 pm