Streetbeat News

Regulatory

CVS

HSY

MDLZ

NVO

PEP

SJM

The rise of obesity and diabetes drugs like Novo Nordisk's Wegovy and Ozempic is causing concerns about the future of the snacking industry. However, companies like J.M. Smucker's, Hershey Co, Mondelez International, and PepsiCo remain optimistic, citing the enduring popularity of snacks and the shift towards healthier options. High costs and limited insurance coverage for these drugs, with exceptions like CVS Health Corp's Aetna, also play a role.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 7:47 pm

DISH

The Federal Communications Commission (FCC) has announced that Dish Network Corp will pay $150,000 to resolve a space debris enforcement action.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:32 pm

INTZ

Intrusion Inc has agreed to settle a matter with the SEC without admitting or denying the allegations. The consent and proposed final judgment does not include any monetary penalty against the company.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:08 pm

INTZ

Intrusion Inc has received a notice from Nasdaq stating that the company is not in compliance with the minimum bid price requirement. The company has also consented to the entry of final judgment related to an SEC investigation.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:07 pm

RCEL

Avita Medical has received a notice from the FDA requiring additional information for the continuation of a substantive review of its premarket approval supplement application. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:03 pm

FXI

SPY

The Biden administration has warned Beijing to expect updated rules that will curb shipments of AI chips and chipmaking tools to China as early as October, according to a U.S. official cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 6:02 pm

ETHUSD

On Sunday, 1,673.58 Ether (ETH) worth $2,826,555 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was 1.15%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 6:00 pm

SPY

The Federal Reserve's Vice Chair of Supervision, Richard Barr, has stated that the potential positive and negative implications of artificial intelligence (AI) could be 'quite large'.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:52 pm

SPY

Fed's Vice Chair of Supervision, Barr, has stated that generative AI could potentially improve productivity growth rapidly. However, he also warned that it could eliminate some jobs, causing serious dislocation.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:51 pm

FUV

NIO

TSLA

The U.S. is seeking to secure electric vehicle (EV) battery mineral deals outside of China, according to a diplomat. This move could potentially impact the supply chains of several EV manufacturers.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:42 pm