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Regulatory

ACI

FXG

Albertsons Companies, Inc. (NYSE:ACI) has recalled 12 types of ReadyMeals and deli items due to potential Listeria contamination. The recall affects multiple states and was initiated after contamination was detected in a chicken ingredient. Albertsons recently launched an innovative wine bottle made from recycled PET. ACI shares are slightly up premarket.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 11:01 am

F

The National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into Ford Motor Co.'s 2019 Flex vehicles due to 23 complaints of rearview camera failures. This investigation affects nearly 36,000 vehicles and aims to assess the severity of the issue. Ford's SUV sales, including the discontinued Flex, are significant, comprising 40% of their total sales despite a recent decline.

Portfolio Pulse from Anan Ashraf

October 14, 2024 | 10:48 am

SCO

UCO

USO

Geopolitical tensions involving a potential Israeli attack on Iranian oil facilities could significantly impact global oil prices. Such an event could lead to substantial price increases due to disruptions in Iranian oil exports. Oil ETFs showed mixed activity in response to these tensions.

Portfolio Pulse from Pooja Rajkumari

October 14, 2024 | 10:01 am

AZN

DSKYF

AstraZeneca and Daiichi Sankyo's drug Enhertu has received conditional approval in China for treating certain lung cancer patients, potentially impacting their market presence and revenues.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:55 am

MTEM

Molecular Templates' Board of Directors has approved the liquidation and wind-up of the company. The company plans to wind down Phase 1 studies for MT-6402 and MT-8421 but will continue FDA discussions for MT-0169 for autoimmune indications. A significant reduction in workforce has also been approved.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 8:44 am

ACI

Albertsons has initiated a recall of ReadyMeals and deli items across multiple states due to Listeria concerns. The recall is linked to a contaminated chicken ingredient supplied by BrucePac, identified during routine USDA tests.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:34 am

RHHBY

Genentech's Evrysdi shows promising two-year data for treating Spinal Muscular Atrophy (SMA) in children, with most achieving key mobility milestones. The therapy is non-invasive and approved in over 100 countries.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 6:52 am

VRNOF

The U.S. Department of Justice is urging a federal appeals court to uphold the federal cannabis ban, despite state-level legalizations. The case, led by Canna Provisions Inc. and supported by Verano Holdings, challenges the Controlled Substances Act. Attorney David Boies argues for reexamination due to changing regulations and enforcement policies.

Portfolio Pulse from Rolando García

October 14, 2024 | 3:01 am

BTCUSD

Anthony Scaramucci praised Donald Trump for influencing the cryptocurrency debate, suggesting it forces Democrats to reconsider their stance. This shift could benefit the crypto industry. The political landscape around cryptocurrencies is gaining attention, with Trump promising crypto-friendly policies.

Portfolio Pulse from Aniket Verma

October 14, 2024 | 2:46 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced declines amid concerns over high inflation and potential Bitcoin liquidation by the US government. Analysts predict a possible Bitcoin breakout to $63.5K-$65K after initial market shakeout.

Portfolio Pulse from Aniket Verma

October 14, 2024 | 1:53 am