Streetbeat News

Regulatory

SPY

The USA JOLTs job openings for August were reported at 9.610 million, significantly higher than the estimated 8.800 million and the prior figure of 8.827 million.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:01 pm

SPY

U.S. House Speaker McCarthy has announced that he will hold a vote on a motion to vacate on Tuesday. He has also informed House Republicans that he will not be cutting a deal with Democrats, according to Republican Representative Hern.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:33 pm

AAL

DAL

LUV

SAFRY

UAL

Delta Air Lines has discovered unauthorized components in less than 1% of its over 2,100 jet engines. Other airlines, including American Airlines, United Airlines, and Southwest Airlines, have also reported finding fake parts associated with AOG Technics Ltd. This London-based firm is under investigation over the spare parts it provided for a jet engine model produced by CFM International, a collaboration between General Electric and Safran SA. Delta confirmed that none of its aircraft are currently flying with unapproved parts.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 1:32 pm

AMGN

The U.S. FDA staff reviewers have expressed doubts about the effectiveness of Amgen's lung cancer drug, based on the company's late-stage trial results. This could potentially impact the approval of the drug.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:32 pm

AMZN

EWU

MSFT

Ofcom, the UK's communications regulator, is reportedly pushing for an investigation by the UK Competition and Markets Authority into the dominance of Amazon (AMZN) and Microsoft (MSFT) in the UK cloud market. A report on this matter is due on Thursday.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:25 pm

BTCUSD

ETHE

Grayscale, the world's leading crypto asset manager, is likely to be approved by the SEC for a Bitcoin ETF. Grayscale is also applying to convert the Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. The ETHE trust represents 2.5% of all ETH in circulation and is the largest ETH investment vehicle globally. Shares of ETHE spiked 6.15% following the announcement. Prominent investor Tim Draper commented that the approval of a spot Bitcoin ETF seems to be a matter of time and will encourage more adoption and investments in BTC.

Portfolio Pulse from Justin Roberti

October 03, 2023 | 1:20 pm

GOGO

Skyservice Business Aviation has partnered with Gogo Business Aviation to receive Transport Canadian Certification for Gogo 5G on Bombardier Challenger 300 series. This partnership will allow Skyservice to install Gogo 5G systems on Bombardier Challenger 300 series aircraft.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:18 pm

AAPL

GOOG

GOOGL

SPOT

Spotify Technology's CEO, Daniel Ek, has voiced concerns over the rapid evolution of artificial intelligence and the dominance of tech giants like Apple Inc. and Alphabet Inc. Ek criticized Apple and Google's control over internet access globally and called for the implementation of the Digital Markets Act (DMA) in the EU and the Open App Markets Act in the US. Spotify's shares are trading lower by 1.02% to $156.50 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 1:17 pm

IMMX

Immix Biopharma has announced a complete response in the 9th relapsed/refractory AL Amyloidosis patient in the NXC-201 clinical trial. The company plans to submit a BLA for FDA approval in AL Amyloidosis once 40 patients are treated with NXC-201. The expected primary endpoint for NXC-201 in relapsed/refractory AL Amyloidosis is the overall response rate.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:16 pm

MPW

Medical Properties Trust (MPW) has received approval from the Australian Foreign Investment Review Board for its acquisition of the remaining Australian facilities. This approval allows MPW to proceed with the acquisition.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 1:13 pm