Streetbeat News

Regulatory

TAK

Takeda Pharmaceutical Co Ltd (NYSE:TAK) stock is trading higher due to the European Commission's approval of Adzynma for treating ADAMTS13 deficiency in cTTP patients. This approval is based on positive Phase 3 trial results showing Adzynma's efficacy and safety compared to plasma-based therapies.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:29 pm

TSLA

Tesla shares are trading lower following a recall of vehicles in China.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:28 pm

NVS

The US FDA has approved Novartis' Fabhalta for reducing proteinuria in adults with primary immunoglobulin A nephropathy (IgAN).

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:22 pm

NVO

Novo Nordisk (NYSE:NVO) reported second-quarter earnings that missed analyst expectations and announced the withdrawal of its Wegovy FDA heart failure submission. The company plans to resubmit the file in 2025 with additional data. Novo Nordisk also terminated the development of two early-stage assets. Despite a 25% increase in sales, the stock fell 7.73% due to the earnings miss and regulatory setbacks.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 5:55 pm

BNOX

Bionomics has received a Notice of Allowance for a US patent on substituted-N-heteroaryl compounds, which are intended for improving cognitive function and treating CNS disorders.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:23 pm

BA

SPCE

NASA has announced that astronauts scheduled to return on Boeing's Starliner may instead use SpaceX's Crew Dragon in February 2025 if the Starliner is deemed unsafe.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:08 pm

REFI

Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI) reported strong Q2 2024 financial results with net income of $9.2 million and a steady net interest income of $13.2 million. The company highlighted regulatory tailwinds in the cannabis industry and proactive capital management, raising over $6 million through its ATM program. REFI's shares were trading 0.58% higher at $15.36 per share.

Portfolio Pulse from Patricio Liddle

August 07, 2024 | 4:58 pm

CEI

Camber Energy (CEI) has been halted pending news. This halt indicates that significant information is expected to be released soon, which could impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 4:39 pm

SPY

The July jobs report indicated a rise in unemployment to 4.3%, marking the fourth consecutive month of increases and triggering recessionary indicators. Despite historical trends suggesting a recession, experts argue that this time may be different due to unique labor market conditions and external factors. The SPDR S&P 500 ETF Trust (SPY) experienced a significant sell-off but later regained ground.

Portfolio Pulse from Hayden Buckfire

August 07, 2024 | 4:08 pm

NEXT

NextDecade shares are trading lower after the U.S. Court of Appeals issued an order to revoke the company's authorization to operate its Rio Grand LNG Facility.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:52 pm