Streetbeat News

Regulatory

NVAX

Novavax shares are trading lower despite the FDA granting Emergency Use Authorization for the company's updated protein-based COVID-19 vaccine for people aged 12 and older. This comes after a recent gain in the stock.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 5:38 pm

SPY

VGK

President Biden has hinted at another potential source of funding for Ukraine, but has not provided any specific details.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 5:32 pm

SPY

Rep. Kevin Hern, who chairs a large caucus of House Republicans, has announced his intention to run for Speaker, as per Rep. Michael McCaul, a spokesman for Hern.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 5:30 pm

SPY

VGK

President Biden expressed concerns that the ongoing infighting among Republicans could potentially harm aid to Ukraine. The impact on specific US-listed ETFs like SPY and VGK is uncertain.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 5:28 pm

SLM

SOFI

SPY

President Biden has given an update on the administration's efforts to cancel student debt. The potential impact on companies like SLM and SOFI, which are involved in student loans, is significant.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 5:19 pm

SPY

House Majority Leader Steve Scalise has entered the race for Speaker, setting up a showdown with House Judiciary Chair Jim Jordan. This political development could potentially influence the broader market sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 5:13 pm

CABGY

Carlsberg AS (OTC:CABGY) has terminated its license agreements with Baltika Breweries, ending Baltika's authorization to produce, market, and sell all products under the Carlsberg brand in Russia. This move is in response to the Russian government's temporary seizure of Baltika's management. Carlsberg is exploring all options, including legal measures, to safeguard its employees, assets, and operations in Russia. Carlsberg has decided to fully impair the value of its business in Russia, which will be recognized in other comprehensive income in the full-year accounts and will not impact the income statement.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2023 | 4:57 pm

EWT

FXI

SPY

Taiwan is set to investigate four companies accused of assisting Huawei in building chip plants. This comes amidst the ongoing crackdown on Huawei due to security concerns.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 4:48 pm

LVS

The article discusses several key topics in the investment world this week, including the potential government shutdown, inflation, falling home sales, negative interest rates, and the performance of Las Vegas Sands ($LVS) in the wake of Macau's longest lockdown and a massive typhoon. The author suggests that the government shutdown is more political theater than a real issue, and that inflation is a problem that the Federal Reserve cannot solve. Home sales continue to fall due to higher interest rates and reduced affordability. Negative interest rates are deemed both dumb and unsafe. Lastly, despite recent challenges, Las Vegas Sands is expected to perform well due to the upcoming Golden Week in Macau.

Portfolio Pulse from Gary Brode

October 04, 2023 | 4:39 pm

AMZN

AYI

EADSY

GOOG

HELE

JNJ

MMM

PLTR

PODD

SFTBF

SNY

TEVA

UAL

UBER

UBS

Palantir is expanding its collaboration with PwC to combine AI capabilities. Anthropic, a competitor to OpenAI, is securing additional funding from Alphabet and Amazon. Sanofi and Teva have collaborated to co-develop a drug for inflammatory bowel disease. Insulet's CFO is resigning to join 3M. United Airlines has ordered 110 more aircraft from Boeing and Airbus. Zoom has unveiled AI-powered innovations. Over 75,000 employees of Kaiser Permanente have initiated a three-day strike. Softbank's CEO emphasized the importance of AGI. Uber is expanding its service offerings to include package return. UBS is offering enticing interest rates to attract clients. A New Jersey appeals court overturned a verdict linked to asbestos exposure in Johnson & Johnson's talc powder products. BP is looking to sell a stake in its U.S. oil and gas pipeline network. Helen Of Troy and Acuity Brands reported their earnings.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 4:37 pm