Streetbeat News

Regulatory

EIS

SPY

USO

The White House's Kirby stated that there is no specific evidence implicating Iran in the recent attack on Israel, but broadly they are considered complicit. This statement could potentially impact the geopolitical landscape and related assets.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:37 pm

EIS

SPY

USO

A source familiar with the matter has revealed that Deputy Treasury Secretary Wally Adeyemo told House Democrats that the US has a quiet agreement with Qatar not to move any of the $6B in unfrozen money to Iran.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:27 pm

EIS

SPY

USO

According to a tweet by Fox Business reporter Ed Lawrence, Deputy Treasury Secretary Adeyemo has reportedly told House Democrats that the US has an agreement with Qatar not to move any of the $6B in unfrozen money to Iran.

Portfolio Pulse from Charles Gross

October 12, 2023 | 5:25 pm

BCEL

Atreca, Inc. (NASDAQ:BCEL) shares are trading up by 48% on heavy trading volume, far exceeding the stock's 100-day average volume. This follows the company's announcement of the termination of the lease at its corporate headquarters and the departure of the CFO. The company also received a noncompliance notice from Nasdaq due to its share price falling below $1.00 per share over the prior 30 consecutive trading days.

Portfolio Pulse from Erica Kollmann

October 12, 2023 | 5:24 pm

AVGO

Broadcom's shares are trading higher following a report that China's State Administration for Market Regulation is expected to grant the company conditional antitrust approval for its acquisition of VMware.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:23 pm

FWBI

First Wave Bio has been granted Australian Patent Number 2016315852 for methods and compositions for treating conditions associated with abnormal inflammatory responses.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:19 pm

SPY

Rep. Steve Scalise does not appear to have the necessary votes to become the House speaker. Despite winning the GOP nomination, several Republican House members insist they will vote for Rep. Jim Jordan, who had Trump's backing. The House is currently in a state of paralysis, unable to move forward with major items of business until a speaker is elected.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:18 pm

EIS

SPY

USO

VGK

The White House has reported that 27 Americans have died following a Hamas attack, with 14 still unaccounted for. Starting Friday, the U.S. government will arrange charter flights from Israel to Europe.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:16 pm

AVGO

VMW

Broadcom's (AVGO) acquisition of VMware (VMW) is expected to receive conditional antitrust approval from China's State Administration for Market Regulation. The $60 billion deal is likely to boost Broadcom's shares significantly, according to CNBC's Jim Cramer. Both Broadcom and VMware saw their shares rise by 3% and 4% respectively on the news.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:04 pm

BABA

KWEB

Alibaba Group Holding Limited (BABA) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB) stocks are trading lower amid reports of China's President Xi Jinping calling for accelerated efforts in core technologies. The U.S. plans to increase semiconductor tech sanctions on China, which could impact China's tech industry. China is planning a $40 billion state fund to boost the chip industry.

Portfolio Pulse from Anusuya Lahiri

October 12, 2023 | 4:58 pm