Streetbeat News

Regulatory

LOVE

The Lovesac Company has been notified by Nasdaq about a delay in the filing of its Form 10-Q for the fiscal quarter ended July 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:36 am

ASLN

ASLAN Pharmaceuticals has announced that its late breaker abstract on Eblasakimab Phase 2b results will be presented orally at the 32nd European Academy of Dermatology and Venereology Congress. Additionally, three more abstracts from ASLAN will be presented at the congress.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 11:08 am

FXI

SPY

VGK

China is considering easing foreign stake limits to attract global funds, as reported by Bloomberg. This move could potentially increase foreign investment in the country.

Portfolio Pulse from Charles Gross

September 22, 2023 | 10:38 am

TSLA

Tesla Inc. is planning to expand its operations in India, focusing on enhancing the country's battery storage infrastructure. The company is in advanced talks to establish an EV factory in India and plans to introduce its Powerwall technology, a system designed to store power from solar panels or the grid. However, Tesla's pursuit of incentives for a battery storage factory has been met with hesitation from Indian officials. Despite this, the government is considering creating a business model that may extend subsidies to consumers of such products.

Portfolio Pulse from Shomik Sen Bhattacharjee

September 22, 2023 | 10:27 am

F

The U.S. National Highway Traffic Safety Administration (NHTSA) has started an investigation into approximately 241,000 Ford Motor Co's EcoSport vehicles due to reported engine failures. The investigation was initiated after the Office of Defects Investigation received 95 complaints from drivers about a warning light indicating low engine oil pressure, followed by a complete or partial loss of engine power. The suspected cause is a malfunctioning engine oil pump assembly.

Portfolio Pulse from Anan Ashraf

September 22, 2023 | 10:16 am

FXI

China's central bank has released a list of systemically important banks, with the aim of promoting their stable operation and healthy development. The bank is urging these institutions to strengthen their capabilities to overcome risks and absorb losses.

Portfolio Pulse from Charles Gross

September 22, 2023 | 9:06 am

SGEN

Astellas Pharma and Seagen announced positive results from the Phase 3 EV-302 clinical trial for PADCEV in combination with KEYTRUDA versus chemotherapy in patients with previously untreated advanced bladder cancer. The trial enrolled patients who were eligible for cisplatin- or carboplatin-containing chemotherapy regardless of PD-L1 status.

Portfolio Pulse from Charles Gross

September 22, 2023 | 9:04 am

DIS

FXI

SPY

Disney has reportedly laid off its Beijing streaming technology team ahead of a meeting between CEO Bob Iger and the head of a China-focused Congressional Committee. The move comes amid increasing scrutiny of Disney's operations in China.

Portfolio Pulse from Charles Gross

September 22, 2023 | 8:51 am

EWU

The U.K. Services Purchasing Managers Index (PMI) preliminary reading came in at 47.2, lower than the estimated 49.2 and the prior reading of 49.5. This indicates a contraction in the U.K. services sector.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:33 am

EWU

The U.K. Manufacturing Purchasing Managers Index (PMI) preliminary report shows a figure of 44.2, which is higher than the estimated 43 and the previous figure of 43.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:32 am