Streetbeat News

Regulatory

SRFM

Surf Air Mobility Inc has filed for the resale of up to approximately 2.0 million shares of common stock by the selling stockholders, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:05 pm

SXTP

60 Degrees Pharmaceuticals Inc's subsidiary, 60P Australia Pty Ltd, has withdrawn its investigational new drug application for ACLR8-LR, a Phase 2B study of the use of tafenoquine in treating COVID-19, in response to FDA comments. The company plans to submit a new application in Q4, pending a feasibility assessment of revising the trial design. Meanwhile, 60P has paused further start-up activities for its Phase 2B trial, improving its short-term cash position. The company's shares are down 28.1% in premarket trading.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 1:04 pm

TTOO

T2 Biosystems has received FDA 510(k) clearance for the T2Biothreat Panel, a direct-from-blood molecular diagnostic test that detects six biothreat pathogens. These pathogens have been identified as threats by the U.S. Centers for Disease Control and Prevention.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:01 pm

FXI

SPY

U.S. Treasury Secretary Janet Yellen stated that China has some policy space to address its economy, according to MSNBC. This statement could potentially impact the performance of ETFs like FXI and SPY.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:49 pm

FXI

SPY

U.S. Treasury Secretary Yellen stated that tight monetary policy is reducing inflation in many developing countries. She also mentioned that China is facing short and long term economic issues, which could have minor spillover effects on the United States.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:48 pm

SPY

USO

U.S. Treasury Secretary Janet Yellen has expressed concern over the rise in gas prices following Saudi Arabia's oil cuts. She hopes for stabilization in oil and gas prices.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:46 pm

SPY

U.S. Treasury Secretary Yellen stated that Democrats are prepared to keep the government operating and have not estimated the impact of a potential government shutdown. She emphasized that there is no good reason for a shutdown and the economy does not need such a shock.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:45 pm

AAPL

AMZN

BKNG

GOOG

GOOGL

META

SSNLF

Google, a subsidiary of Alphabet Inc, is under scrutiny in a federal antitrust trial for allegedly manipulating its advertising auctions to meet revenue goals. The company is accused of adjusting the auctions used to sell search ads, which can increase ad prices, sometimes up to 5%. Google's VP of advertising products, Jerry Dischler, testified that the company tends to keep advertisers unaware of pricing changes. The company has also been accused of maintaining a monopoly over online search through agreements with web browsers and smartphone manufacturers.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 12:37 pm

GILD

The Committee for Medicinal Products for Human Use of the European Medicines Agency has granted a positive opinion for the use of Gilead Sciences' Veklury (Remdesivir) for Covid-19 with mild to severe hepatic impairment. The European Commission will review the recommendation and, if adopted, Veklury will become the first and only authorized antiviral COVID-19 treatment that can be used across all stages of liver disease.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:36 pm

RSLS

Reshape LifeSciences has strengthened its patent portfolio related to its Obalon Balloon System. The U.S. Patent and Trademark Office has granted one patent and provided the company with a Notice of Allowance for two additional patents. The patents cover various aspects of the intragastric balloon system, including a needle assembly for inflation, a pressure control system, and a swallowable capsule with a compacted balloon inside.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:35 pm