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Regulatory

UAL

United Airlines Holdings Inc (NASDAQ:UAL) shares fell by 4.3% amid a general weakness in airline stocks after Spirit, Frontier, and American Airlines lowered their financial outlook due to rising fuel costs. Additionally, a federal judge has required Delta and United Airlines to face a consumer antitrust class action alleging that major U.S. carriers conspired to raise domestic airfares by limiting available seats.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 7:16 pm

CLDI

DZSI

EIGR

HRT

KULR

RCKT

U.S. stocks traded mixed with the Dow Jones falling 100 points. The annual inflation rate in the U.S. rose for a second consecutive month to 3.7% in August. HireRight Holdings Corporation (HRT) shares shot up 13% after announcing a $25 million share repurchase program. Rocket Pharmaceuticals (RCKT) shares shot up 37% after alignment with the FDA on a global Phase 2 pivotal trial. DZS Inc. (DZSI) shares were up 28% after securing $29.7 million in financing. Eiger BioPharmaceuticals (EIGR) shares dropped 39% after discontinuing a Phase 3 study. Calidi Biotherapeutics (CLDI) shares were down 46% following the company’s public debut. KULR Technology Group (KULR) shares fell 31% after reporting pricing of a public offering of common stock.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 7:05 pm

GOOG

IBM

MSFT

NVDA

PLTR

Tech leaders including Elon Musk, Mark Zuckerberg, and Bill Gates addressed the Senate on the issue of artificial intelligence (AI) in a closed-door session. The meeting was attended by executives from Alphabet Inc., IBM, Microsoft Corp, Nvidia Corp, and Palantir Technologies Inc. The discussions focused on the rapid growth of AI technology, the need for federal oversight, and the potential risks of AI. The closed-door nature of the session sparked some criticism regarding transparency.

Portfolio Pulse from AJ Fabino

September 13, 2023 | 6:55 pm

SPY

The White House has announced that Budget Director Young and other officials are in direct communication with House Speaker McCarthy's office regarding government funding. The news does not provide specific details on the nature of these discussions.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 6:12 pm

DIS

GBTC

This week's investment news highlights include the potential end of disinflation due to rising oil prices, the falling Japanese yen, the possibility of a Bitcoin ETF following a lawsuit win by Grayscale, Disney's lack of shareholder value creation over the past decade, and mixed data on unemployment. The news suggests potential impacts on the stocks of Grayscale Bitcoin Trust (GBTC) and Disney (DIS).

Portfolio Pulse from Gary Brode

September 13, 2023 | 6:09 pm

AVTX

EIGR

HRT

RCKT

REVG

Several stocks experienced significant price movements in Wednesday's mid-day session. Eiger BioPharmaceuticals shares dropped by 52.5% after the company decided to discontinue a Phase 3 study. Avalo Therapeutics shares surged by 68% after receiving a notice from Nasdaq. Rocket Pharmaceuticals rose by 31.8% after reaching alignment with the FDA on a global Phase 2 trial. HireRight Holdings climbed by 14.8% after planning an additional $25 million share repurchase program. REV Group surged by 9.2% after reporting better-than-expected Q3 results and raising FY23 net sales guidance.

Portfolio Pulse from Lisa Levin

September 13, 2023 | 6:07 pm

SPY

The White House has stated that Republicans have found no evidence of wrongdoing by President Biden, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 6:06 pm

SPY

The White House has called the impeachment inquiry baseless, according to Bloomberg. The news does not provide any specific details about the impact on the financial market or any particular company.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 6:06 pm

AAPL

FXI

SPY

The White House has called on China to be more transparent about its restrictions on iPhone imports and sales. This comes amid ongoing trade tensions between the U.S. and China.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 5:59 pm

EWY

SPY

VGK

The U.S. State Department has announced that it will not hesitate to impose sanctions on Russia and North Korea over any future arms deals if and when it's appropriate. This could potentially impact global markets and specific ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 5:54 pm