Streetbeat News

Regulatory

NVO

Novo Nordisk's CEO has stated that the company is seeking reimbursement deals with European governments for its weight-loss drug, Wegovy. The demand for Wegovy is so strong that different commercial strategies are needed to reach the most needy patients.

Portfolio Pulse from Charles Gross

August 25, 2023 | 9:21 am

INDA

TSLA

India is considering a proposal to cut import duties for electric vehicle (EV) manufacturers who commit to investing in the country. This move comes after Tesla's push for lower duties. The policy could be implemented as early as 2023.

Portfolio Pulse from Charles Gross

August 25, 2023 | 8:52 am

EWG

VGK

Germany's business expectations for August came in at 82.6, lower than the estimated 83.8 and the prior figure of 83.6.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 8:02 am

EWG

VGK

Germany's Ifo Business Climate Index for August has been reported at 85.7, lower than the estimated 86.7 and the prior figure of 87.3.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 8:01 am

GOOG

GOOGL

A U.S. District Judge has dismissed a lawsuit filed by the Republican National Committee (RNC) against Alphabet Inc.’s Google, alleging that Google was censoring donation emails by routing them to Gmail users’ spam folders. The ruling was based on the interpretation of Section 230 of the Communications Decency Act, which protects internet companies from liability for content posted on their platforms. The RNC has been granted the opportunity to revise and refile its complaint.

Portfolio Pulse from Ananya Gairola

August 25, 2023 | 6:29 am

TSLA

Tesla Inc has secured a permit for its diner-Supercharger station in Los Angeles. The project, described as a fusion of 'Grease meets The Jetsons', will combine an eatery with Tesla's Supercharger technology. The concept was first proposed by CEO Elon Musk in 2018. The diner is set to be located at 7001 W Santa Monica Boulevard, with Stantec Architecture and PCL Construction Services Inc. involved in its realization.

Portfolio Pulse from Anan Ashraf

August 25, 2023 | 6:25 am

EWG

VGK

Germany's Q2 Gross Domestic Product (GDP) remained flat quarter-on-quarter, in line with estimates, but down from -0.1% in the previous quarter. Year-on-year, the GDP contracted by -0.6%, worse than the -0.2% estimate and prior figure.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 6:00 am

ETHUSD

USDTUSD

The Drug Enforcement Administration (DEA) reportedly lost over $50,000 in cryptocurrency to a scammer. The scammer exploited the DEA's method of checking the first and last characters of account identifiers, creating a fake address that matched the DEA's test payment to the United States Marshals Service. The scammer received a single transaction of just over $55,000 before the fraud was discovered. The DEA, working with the FBI, traced the converted funds to Ethereum (CRYPTO: ETH) and tracked their transfer to a new wallet.

Portfolio Pulse from Mehab Qureshi

August 25, 2023 | 5:51 am

ARKK

BLK

BTCUSD

Industry leaders including Tom Lee at Fundstrat and Cathie Wood of Ark Invest have made bullish predictions for Bitcoin's future, with potential surges beyond $200,000 and even up to $1 million within the next seven years. Companies like BlackRock Inc and Citadel are showing interest in Bitcoin, indicating growing mainstream adoption. Wood also suggests a pivotal role for Bitcoin ETFs, with potential SEC approval possibly driving demand.

Portfolio Pulse from AJ Fabino

August 25, 2023 | 4:47 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (YoY) for August was reported at 2.8%, slightly below the estimated 2.9% and the prior 3%. This indicates a slower inflation rate than expected.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 4:08 am