Streetbeat News

Regulatory

SNY

Sanofi has presented positive Phase 2b data for its drug amlitelimab at the European Academy of Dermatology and Venereology (EADV) 2023 Congress. The drug showed potential best-in-class profile in atopic dermatitis with up to 61.5% improvement in Eczema Area and Severity Index (EASI) score from baseline at week 16. The Phase 3 program for amlitelimab is set to start in the first half of 2024. Amlitelimab was well-tolerated and no new safety concerns were identified.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:03 pm

BTCUSD

Experts in the digital asset industry have expressed concerns over the potential decline of Bitcoin (CRYPTO: BTC) due to the current global economic and geopolitical challenges. The ongoing disruptions from conflict in Europe and the Middle East may force the Federal Reserve to maintain higher interest rates, negatively impacting Bitcoin and the broader digital asset space. However, Bitcoin's potential to serve as a hedge against instability is also highlighted. The approval of proposed Bitcoin ETFs could be a potential catalyst for the digital asset sector.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 2:02 pm

SPY

The Michigan Current Conditions for October came in at 66.7, lower than the estimated 70.4 and the prior figure of 71.4.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:01 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker expressed his desire for wage pressures to cool down but not to fall off a cliff, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:56 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker stated that wage pressures are elevated but are moderating. This statement could influence the market's expectations about future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:56 pm

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Russian President Vladimir Putin has dismissed allegations that Russia was involved in damaging the Baltic gas pipeline, stating that he had never heard of the pipeline before.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:55 pm

SPY

Federal Reserve's Harker has stated that the spillover impact of Fed rate hikes on the economy is a reason to hold steady. This suggests that there may not be any immediate changes to the interest rates.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:51 pm

SPY

Federal Reserve's Harker has reported that banks are seeing almost no activity from first-time home buyers due to the current interest rates.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 1:50 pm

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MSFT

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UNH

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The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

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MSFT

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SONY

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Microsoft Corp. has completed its acquisition of Activision Blizzard Inc. for $69 billion, marking the largest deal in Microsoft's history. The deal was approved by U.S. and U.K. regulators after Microsoft agreed to transfer Activision's game streaming rights to Ubisoft Entertainment and ensure that cloud gaming providers can use non-Windows operating systems for Activision content. Activision Blizzard's popular game franchises will now be part of Microsoft's enterprise.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 1:40 pm