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Regulatory

AAPL

SSNLF

The Biden administration has granted Samsung Electronics Co (OTC:SSNLF) and SK Hynix Inc permission to acquire equipment essential for maintaining and expanding their chipmaking operations in China. This move comes as a waiver to the broader restrictions that prohibited the shipment of advanced chipmaking gear to China. The easing of restrictions ensures that memory chips produced in China can be integrated into various products, including those assembled for U.S. companies like Apple Inc (NASDAQ: AAPL).

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 3:40 pm

SPY

Former U.S. House Speaker McCarthy has stated that he will allow the GOP Conference to decide the next Speaker. The news does not provide any specific information about the impact on any US-listed companies or ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:31 pm

ALSN

Allison Transmission Holdings Inc (ALSN) is partnering with B-Metro, the public transit system in Brownsville, Texas, to provide the Allison eGen Flex electric hybrid propulsion system for 35-foot GILLIG buses. Brownsville recently received a $4.7 million grant from the Federal Transit Administration's 2023 Low or No Emission Program and named Allison's eGen Flex electric hybrid technology in its application for the grant. The eGen Flex system's electric-only mode has geofencing technology, which will enable the new buses to automatically switch into engine-off mode in pre-defined zero-emission zones.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 3:10 pm

ALNY

The FDA has issued a Complete Response Letter (CRL) to Alnylam Pharmaceuticals Inc's supplemental New Drug Application for patisiran for cardiomyopathy of transthyretin-mediated amyloidosis. The FDA questioned the drug's efficacy, stating that the clinical meaningfulness of patisiran's treatment effects had not been established. As a result, Alnylam will no longer pursue an expanded indication for patisiran in the U.S. Alnylam's stock is down 8.68% following the news.

Portfolio Pulse from Vandana Singh

October 09, 2023 | 3:05 pm

AMZN

Amazon's voice assistant, Alexa, has been found to be spreading false information about the 2020 U.S. presidential election. The company has rectified the misinformation, but the incident highlights the potential risks associated with AI and voice assistants in spreading misinformation. This comes as the role of AI and voice assistants in information dissemination is under scrutiny ahead of the 2024 elections.

Portfolio Pulse from Anusuya Lahiri

October 09, 2023 | 2:57 pm

EIS

EWU

SPY

USO

VGK

UK Foreign Minister Cleverly commented on the Israel attacks, stating that nobody wants the conflict to spread to other parts of the region. He did not provide numbers on British casualties and refused to speculate.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:45 pm

EWW

SPY

Mexican President has criticized the Texas Governor for complicating the immigration situation at the border. Mexico is preparing a diplomatic note on this matter to send today.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:33 pm

EIS

EWM

SPY

USO

Mexican President has called for the United Nations to assemble all its members to seek a resolution to the conflict in Israel-Palestine. No direct impact on US-listed companies or ETFs is mentioned.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:27 pm

MATICUSD

SOLUSD

XRPUSD

Deribit, the largest cryptocurrency exchange for options, plans to offer contracts on Solana (CRYPTO: SOL), Ripple Labs' XRP token (CRYPTO: XRP), and Polygon’s MATIC (CRYPTO: MATIC) from January 2024. The platform also intends to obtain a brokerage license in the EU and move its base to Dubai after securing the necessary license. Despite the volatility in digital assets, Deribit's product launch plans remain unchanged.

Portfolio Pulse from Khyathi Dalal

October 09, 2023 | 2:22 pm

SPY

The USA CB Employment Trends Index for September has increased to 114.66 from 113.02 in the previous month.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:00 pm