Streetbeat News

Regulatory

OCGN

Ocugen announced that the US FDA has lifted the clinical hold on their investigational new drug application for the Phase 1 clinical trial of OCU200, a treatment for diabetic macular edema.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:32 am

BABA

BIDU

JD

MCHI

SPY

TCEHY

Ray Dalio warns about the complexities of investing in China due to shifting economic policies and government control. Despite recent optimism, Chinese stocks have faced volatility, impacting major indices and tech giants.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:28 am

BYDDF

BYDDY

BYD aims to sell 100,000 EVs in Mexico by 2025, despite potential 200% tariffs on Chinese-made cars proposed by Donald Trump. The company plans to announce its first Mexican factory location by year-end, initially producing 150,000 vehicles. BYD is seeking tariff relief and exploring global markets amid trade challenges.

Portfolio Pulse from Benzinga Neuro

October 09, 2024 | 10:19 am

CLF

Cleveland-Cliffs has received a 'no-action letter' from the Canadian Competition Bureau, indicating that the Commissioner of Competition will not challenge its pending acquisition of Stelco Holdings.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:06 am

GOOG

GOOGL

The DOJ is considering breaking up Google due to antitrust violations, focusing on its use of platforms like Chrome and Android to maintain search dominance. Potential remedies include structural changes and limiting agreements with companies like Apple and Samsung. Google criticizes these measures as 'radical.'

Portfolio Pulse from Kaustubh Bagalkote

October 09, 2024 | 7:33 am

META

Turkey has banned the messaging platform Discord due to allegations of child sexual abuse and obscenity. This follows public outrage over a murder case linked to Discord users. The ban is part of a broader scrutiny of online platforms, including Meta, for failing to protect children.

Portfolio Pulse from Ananya Gairola

October 09, 2024 | 6:30 am

TMUS

SpaceX's Starlink and T-Mobile have received FCC approval to roll out Direct-to-Cell coverage in Florida ahead of Hurricane Milton. This service will provide emergency alerts and communication capabilities in hurricane-affected areas. The initiative aims to assist those impacted by Hurricane Helene and those in the path of Hurricane Milton.

Portfolio Pulse from Anan Ashraf

October 09, 2024 | 6:14 am

XRPUSD

Canary Capital has filed a registration statement with the SEC for an XRP ETF, marking the second such filing this month. This follows Bitwise Asset Management's similar filing, amidst ongoing legal battles between the SEC and Ripple Labs over XRP's status as a security.

Portfolio Pulse from Aniket Verma

October 09, 2024 | 6:12 am

PRTC

PureTech presented insights on IPF burden and Bayesian analysis for LYT-100 at CHEST 2024. The Phase 2b ELEVATE IPF trial aims to maximize statistical power and reduce placebo use, with topline data expected by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:05 am

INDA

The Reserve Bank of India has decided to keep the interest rate unchanged at 6.50%. This decision may impact various sectors and investments related to India, including ETFs like INDA that track Indian markets.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 5:02 am