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Regulatory

FXI

SPY

US Commerce Secretary Raimondo stated that there is no evidence that Huawei can produce advanced smartphones at scale, according to Reuters.

Portfolio Pulse from Charles Gross

September 19, 2023 | 2:53 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

USO

The Federal Open Market Committee (FOMC) meeting is starting today with the decision and press conference scheduled for tomorrow. The dot plot, showing FOMC participants' projected mid point of the target for the federal funds rate, will be the most important information from the meeting. Housing starts fell, but building permits went up, indicating high interest rates are beginning to reduce immediate demand for housing, but builders remain optimistic. Money flows are positive in Apple Inc due to strong orders for iPhone 15 in China, but negative in Amazon.com, Inc., Alphabet Inc Class C, Meta Platforms Inc, Microsoft Corp, NVIDIA Corp, Tesla Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1. Brent crude has hit $95.

Portfolio Pulse from The Arora Report

September 19, 2023 | 2:52 pm

OBIO

Orchestra BioMed has received FDA approval for an investigational device exemption to start its global BACKBEAT study. The study will evaluate BackBeat CNT for hypertension in pacemaker patients, which has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:44 pm

EWY

SPY

VGK

President Biden has criticized Russia for shredding arms control agreements and North Korea for violating UN Security Council resolutions. He emphasized the US commitment to diplomacy.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:39 pm

SPY

President Biden has announced that the U.S. is collaborating with other countries to enhance regulations governing artificial intelligence (AI), emphasizing that AI should be governed, not be the governor.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:28 pm

DISH

DISH Network Corp's shares are trading higher following reports of the company receiving government support to extend the deadline for purchasing airwaves from T-Mobile US. This move is expected to ease the financial burden on DISH.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:26 pm

SPY

President Biden addressed the United Nations, stating that the United States is seeking a more secure, prosperous, and equitable world for all people. He emphasized that no nation can meet the challenges of today alone, indicating a commitment to international cooperation.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:24 pm

FXI

SPY

TUR

VGK

The U.S. has imposed sanctions on Russian, Chinese, and Turkish entities linked to an Iranian aircraft manufacturing company. This could potentially affect the ETFs FXI, SPY, TUR, and VGK.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:15 pm

NVAX

The German federal government plans to make approximately 10.6 million doses of Novavax's new corona vaccine available to citizens in the fourth quarter of 2023, subject to approval. The vaccine is adapted to the XBB.1.5 variant and is a protein-based preparation. Meanwhile, the delivery of the adapted Biontech vaccine has begun nationwide.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:13 pm

IBRX

ImmunityBio has announced a phase 1 single cohort study evaluating the effects of N-803 administration on mononuclear cells collected from healthy donors undergoing apheresis. The study will enroll up to 10 healthy subjects and will involve two apheresis collections. Subjects will receive N-803 at a fixed dose of 1 mg by subcutaneous injection 4 to 5 days prior to the second apheresis collection.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:11 pm