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Regulatory

JBLU

JetBlue Airways Corporation has lodged a formal grievance against the Netherlands and the European Union with the U.S. Department of Transportation. The complaint is in response to the Dutch government's move to limit air traffic at Amsterdam's Schipol Airport, which JetBlue claims is a violation of the U.S.-EU Air Transport Agreement. The airline has urged the U.S. government to impose similar restrictions on Dutch airlines if a satisfactory resolution is not reached.

Portfolio Pulse from Shivani Kumaresan

September 29, 2023 | 3:17 pm

AMZN

YOU

Washington state lawmakers are considering a bill that would allow private entities selling alcohol or cannabis to use biometric age verification. The State Liquor and Cannabis Board would oversee the implementation of fingerprint scanning and facial analysis. Companies such as CLEAR Secure (NYSE:YOU) and Amazon’s (NASDAQ:AMZN) Amazon One already use biometric verification in the state. However, biometric verification can only supplement, not replace, state-issued IDs.

Portfolio Pulse from Nina Zdinjak

September 29, 2023 | 3:13 pm

SPY

VGK

Citigroup CEO Jane Fraser, in a live interview on CNBC, expressed her concerns about Europe and predicted that rates are likely to increase in November.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:30 pm

SPY

Citigroup CEO Jane Fraser, in an interview on CNBC, stated that if a recession were to occur, it would be very manageable.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:26 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The stock market is bouncing back due to better inflation data from the U.S. and Europe, as represented by the SPDR S&P 500 ETF Trust (NYSE:SPY). The Bank of Japan's unscheduled bond purchases are also impacting the U.S. stock market. China's actions, such as barring executives from leaving the country, are causing concern. Positive money flows are observed in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA), as well as in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).

Portfolio Pulse from The Arora Report

September 29, 2023 | 2:25 pm

DXYN

Dixie Group Inc received a notification from Nasdaq stating that the company is not in compliance with the minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:09 pm

HZNP

Horizon Therapeutics (NASDAQ:HZNP) has announced new data showing that disrupting the recommended TEPEZZA treatment regimen for Thyroid Eye Disease (TED) can increase the need for a second course of treatment. The majority of treatment disruptions were related to the short-term TEPEZZA supply disruption that occurred in late 2020 due to government-mandated COVID-19 vaccine production orders. The company also presented further results from the TEPEZZA Phase 4 clinical trial and research on the impact of TED on patients' quality of life.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:03 pm

SPY

The White House's Office of Management and Budget has announced that President Biden would veto a House spending bill on border security.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 2:01 pm

SPY

Brainard warns that a government shutdown, which is in the hands of House Republicans, poses an unnecessary risk to the U.S. economy. Despite the economy's resilience, a shutdown is the last thing it needs.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:52 pm

SPY

Director of the National Economic Council, Brainard, stated that core inflation is now in pre-pandemic range. He expressed concerns about potential risks to the economy, but noted its resilience. He also warned about the 'unforced error' of a government shutdown, which he believes is completely avoidable.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 1:52 pm