Streetbeat News

Regulatory

SPY

The Cleveland Consumer Price Index (CPI) for September has increased by 0.5%, compared to the prior month's increase of 0.3%.

Portfolio Pulse from Bill Haddad

October 12, 2023 | 3:01 pm

EIS

FXI

USO

China's Foreign Minister Wang Yi has stated that the Palestinian issue is at the core of the Middle East issue, and that justice has not been provided to the Palestinian people. This statement was reported by Reuters, citing the China Foreign Ministry.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:55 pm

VEON

VEON Ltd. (NASDAQ:VEON) has issued a clarification stating that it remains the sole and rightful owner of Kyivstar, amid speculation about the company's ownership. This follows the Ukrainian Security Services' announcement about seizing the corporate rights of certain individuals in 20 Ukrainian companies, which was misinterpreted by some media as a seizure of Kyivstar's assets. VEON has not received any official communication from Ukrainian authorities regarding these matters. The company also highlighted its commitment to serving Ukraine, as demonstrated by a $600 million investment pledge for the country's recovery and reconstruction.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:52 pm

JNJ

LLY

Eli Lilly plans to submit a marketing application for its Crohn's disease drug, mirikizumab, to the FDA in 2024. The drug met all major secondary endpoints in the VIVID-1 Phase 3 study, outperforming the placebo. The trial also included Johnson & Johnson's Stelara as an active control. Mirikizumab demonstrated non-inferiority versus ustekinumab, but did not achieve superiority.

Portfolio Pulse from Vandana Singh

October 12, 2023 | 2:27 pm

EIS

SPY

USO

The U.S. Defense Secretary has stated that the U.S. military has not observed any massing of Hezbollah forces on Israel's border. This statement may have implications for the stability of the region and related investments.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:09 pm

EIS

SPY

USO

Palestinian President Abbas has condemned practices related to killing or abusing civilians on both sides of the conflict, stating they violate morals, religion, and international law. The statement was reported by Reuters, citing the official news agency WAFA.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:01 pm

EIS

SPY

USO

The White House has criticized former President Trump's comments on Hezbollah and the Israeli Defense Minister, labeling them as 'dangerous and unhinged'.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:01 pm

SPY

President Biden has welcomed the latest inflation data and stated that he will continue to fight to build the economy from the middle out and bottom up. No specific measures or policies were mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:00 pm