Streetbeat News

Regulatory

WFC

Wells Fargo & Company (NYSE:WFC) is set to release its Q3 earnings on Oct. 11, with expected earnings of $1.28 per share and revenue of $20.41 billion. Analysts have revised their ratings, with some upgrading the stock and adjusting price targets. The bank recently reached an agreement with the OCC to improve its anti-money laundering practices.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 7:41 am

MT

NPSCY

X

Nippon Steel is selling its stake in the Calvert joint venture to ArcelorMittal for $1, as part of its strategy to acquire US Steel. The transaction is contingent on the completion of Nippon Steel's acquisition of US Steel, which is subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:14 am

AAPL

LYV

Ticketmaster, a subsidiary of Live Nation Entertainment, has announced support for richer event tickets in Apple Wallet, a feature introduced with iOS 18. This collaboration aims to enhance the ticketing experience by providing additional information such as venue maps and weather forecasts. The feature will debut at a Los Angeles Football Club game and expand to other events in 2025. This development follows recent controversies and legal challenges faced by Ticketmaster and its parent company.

Portfolio Pulse from Ananya Gairola

October 11, 2024 | 6:18 am

BNR

Burning Rock and Dizal have received NMPA approval for their co-developed NGS-based companion diagnostic (CDx) for lung cancer in China. This is the first such approval since the release of the CDx guideline in China, marking a significant advancement in precision treatment for non-small cell lung cancer patients.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:54 am

TRX-USD

Justin Sun, founder of the Tron network, has been appointed as the Prime Minister of Liberland, a crypto-focused micronation in Europe. This follows a blockchain-based election process. Sun's appointment comes after losing his role as Grenada's Ambassador to the WTO due to an SEC lawsuit.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 5:50 am

SDZNY

Sandoz has expanded its U.S. oncology portfolio with the FDA approval of a generic version of Paclitaxel, targeting metastatic breast cancer. This is the first FDA-approved ANDA for this medicine, and it is expected to drive near-term growth in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:45 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced stagnation following hotter-than-expected inflation data, which dampened expectations for further interest rate cuts by the Federal Reserve. Bitcoin's price fell below $58,000 but recovered slightly, while Ethereum remained stable. The market sentiment shifted to 'Fear', raising concerns of further downside.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 2:38 am

ETH-USD

MATIC-USD

Donald Trump has widened his lead over Kamala Harris in betting odds on the Polymarket prediction platform, reaching over a 55% chance of winning. This shift follows Joe Biden's withdrawal from the race and Harris' rise as the Democratic candidate. Polymarket, built on Ethereum's Layer-2 protocol Polygon, has become a prominent platform for U.S. election predictions, although it's not accessible to U.S. users due to regulations.

Portfolio Pulse from Aniket Verma

October 11, 2024 | 1:39 am

TLRY

Tilray CEO Irwin Simon anticipates U.S. cannabis legalization progress regardless of the 2024 election outcome, as both major candidates support reform. Tilray reported a 13% revenue increase and reduced net loss in its fiscal 2025 Q1 results.

Portfolio Pulse from Franca Quarneti

October 11, 2024 | 12:34 am

ALCE

Trading for an unspecified asset was halted at 7:50:00 p.m. ET due to pending news. The halt indicates that significant information is expected to be released, which could impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 11:50 pm