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SPY

UUP

Neel Kashkari, the new leader of the hawkish members on the Federal Reserve’s board, has expressed his inclination towards additional interest rate hikes and maintaining them at high levels. He also signaled his preference for the Fed to maintain steady rates next year and does not expect any rate cuts in 2024. Following these statements, the U.S. dollar index (DXY) as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) rose 0.2%, and the SPDR S&P 500 ETF Trust (NYSE:SPY) is up 0.4% in the premarket trading.

Portfolio Pulse from Piero Cingari

September 27, 2023 | 1:52 pm

AGR

Avangrid, Inc. (NYSE:AGR) and Vitol Inc. have reached a transfer agreement for an estimated $100 million of 2023 production tax credits (PTCs) from eight operating wind farms. This is one of the largest publicly announced deals since the passage of the Inflation Reduction Act (IRA), which created a new transferable credit framework to help developers monetize PTCs. The agreement will allow Avangrid to pay down debt and make further capital investments.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:51 pm

SPY

Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), has announced that he will be testifying before the House Financial Services Committee. The details of the testimony are not provided.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:51 pm

AAPL

AMZN

BABA

JPM

LLY

MRNA

NVO

PAYX

PFE

QCOM

TGT

TRI

WBD

Alibaba's logistics arm Cainiao files for Hong Kong IPO, potentially boosting Alibaba's stock. Qualcomm's Snapdragon 8 Gen 3, manufactured under TSMC's process, is set to rival Apple's 3nm chip technology. The European Medicines Agency is investigating potential anesthesia complications linked to weight loss drugs like Wegovy by Novo Nordisk and others by Eli Lilly, AstraZeneca, and Sanofi. Target is closing nine stores due to rising retail crime. Paychex reports 7% sales growth in Q1 FY24. Hollywood writers secure credit in a new deal with studios like Warner Bros., Paramount Global, Netflix, and Walt Disney. JPMorgan settles Jeffrey Epstein lawsuit for $75M. Thomson Reuters faces Ross Intelligence in court over AI dispute. Pfizer's oral COVID-19 antiviral pill faces doubts over commercial approval. McKinsey settles opioid lawsuit for $230M. Eli Lilly wins patent infringement case against Teva. Apple defends its $19B Google search deal. Warner Music Group CEO shares vision on AI in music at Code Conference 2023. Amazon addresses return-to-office policy concerns. China's chip fund faces economic challenges. Moderna in talks for enhanced COVID-19 vaccine availability in Europe.

Portfolio Pulse from Vandana Singh

September 27, 2023 | 1:47 pm

UBS

The US Department of Justice (DOJ) is intensifying its investigation into UBS Group AG (NYSE:UBS) and Credit Suisse Group for alleged failures in compliance, which may have allowed Russian clients to evade sanctions. The investigation has transformed from a series of subpoenas to a full-fledged investigation, with a primary focus on Credit Suisse Group. UBS, which took over Credit Suisse in June, has been notified about the alleged involvement of its recently acquired subsidiary in sanctions violations.

Portfolio Pulse from Piero Cingari

September 27, 2023 | 1:37 pm

CTKB

Cytek Biosciences has achieved ISO 13485 certification at its headquarters, a significant milestone that demonstrates the company's commitment to meeting the highest standards of medical device quality management.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:12 pm

SCLX

Scilex Holding Company (NASDAQ:SCLX) has submitted a request to the Securities and Exchange Commission (SEC) to withdraw its Registration Statement on Form S-1 (File No. 333-271401). The Registration Statement had not been declared effective by the SEC, and no securities had been sold pursuant to the Registration Statement.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:10 pm

AFMD

Affimed has announced that an abstract comparing NK cells redirected by innate cell engagers and CAR-NK cells has been accepted for a poster presentation at the 38th Annual Meeting of the Society for Immunotherapy of Cancer.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 1:07 pm

META

MSFT

TRI

Thomson Reuters Corp (NYSE:TRI) is set to face Ross Intelligence in court over allegations of unlawfully copying content from its legal research platform, Westlaw, to develop a competing AI-based platform. The case could potentially lead to one of the first trials concerning the unauthorized use of data for training AI systems. Tech giants like Meta Platforms Inc (NASDAQ: META) and Microsoft Corp (NASDAQ:MSFT)-backed OpenAI are under scrutiny for similar reasons.

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 1:06 pm

SMX

Domaine Des Massifs and SMX have formed a strategic collaboration to revolutionize traceability, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 12:59 pm