Streetbeat News

Regulatory

SPY

The U.S. Senate has voted to advance Federal Reserve nominee Lisa Cook towards confirmation. The voting process is still ongoing.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:59 pm

SPY

Senate Minority Leader Mitch McConnell has vowed to complete his term in office despite health concerns. McConnell, who had two public health scares over the summer, has been evaluated by the attending physician for the U.S. Congress, who confirmed that the senator is able to perform his duties and found no evidence of a stroke.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:43 pm

JOBY

Joby Aviation has received FAA approval for its Certification Plans for the Energy Storage and Distribution System onboard its aircraft. This includes the batteries, high-voltage power distribution, and associated electrical wiring. The company now has more than two thirds of its Certification Plans accepted and is on track to launch commercial electric air taxi service in US cities in 2025.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:37 pm

CGC

Shares of Canopy Growth are trading higher as cannabis stocks continue to gain following the recent recommendation by the Department of Health and Human Services (HHS) to reclassify marijuana.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 7:11 pm

MRNA

NVAX

PFE

The FDA plans to approve updated versions of the Covid booster as early as Friday, targeting the XBB.1.5 omicron subvariant. The timeline for authorization could extend into next week. The FDA is considering granting the boosters a full approval license instead of an emergency use authorization. Pfizer and Moderna have indicated the list price for the vaccines will be $110 to $130 per dose. Novavax’s vaccine, available through emergency use authorization, will continue to be covered.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:02 pm

SPY

USO

U.S. Secretary of State Blinken has stated that oil prices may increase following recent actions by Saudi Arabia, but are expected to settle afterwards.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:00 pm

SPY

VGK

The Biden administration has announced an additional $175 million in security assistance for Ukraine, according to Reuters. This could potentially impact the geopolitical landscape and indirectly affect the performance of US-listed ETFs like SPY and VGK.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 6:59 pm

CELUSD

GS

Former CEO of Celsius, Alex Mashinsky, is facing a freeze on his banking and real estate assets amid an ongoing criminal investigation. He was taken into custody in July on several charges, including securities fraud and alleged manipulation of the company's CEL token. A directive was issued by New York's Judge Jed Rakoff, preventing the sale of assets from several Goldman Sachs accounts associated with Koala LLC and a residential property located in Austin, Texas.

Portfolio Pulse from Murtuza Merchant

September 06, 2023 | 6:13 pm

SPY

The Federal Reserve's Beige Book report indicates that consumer spending on tourism is stronger than expected.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 6:04 pm

SPY

The Federal Reserve's Beige Book reports that some Fed districts have observed consumers exhausting their savings and resorting to debt. The districts have also reported mixed data on loan demand.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 6:03 pm