Streetbeat News

Regulatory

NVO

Denmark is considering halting subsidies for Novo Nordisk's Ozempic, a medication for Type 2 diabetes patients, according to a Reuters report. This could potentially impact the company's revenues.

Portfolio Pulse from Charles Gross

August 23, 2023 | 8:58 am

EWU

The U.K. Manufacturing Purchasing Managers Index (PMI) has dropped to 42.5, lower than the estimated 45 and the prior figure of 45.3. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:40 am

EWU

The U.K. Composite Purchasing Managers' Index (PMI) has dropped to 47.9, lower than the estimated 50.3 and the previous figure of 50.8. This indicates a contraction in the U.K. economy.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:39 am

ABDE

Adobe Inc. is preparing for the launch of its AI offering, Firefly, but is facing challenges in distinguishing between AI-generated and human-created content. The company may inadvertently pay creators for AI-generated work, undermining its compensation model. The influx of unmarked AI content into Adobe Stock, Firefly’s primary training source, could also threaten the quality of the AI model. Adobe is also facing inquiries about using copyrighted or unapproved content for training AI models.

Portfolio Pulse from Ananya Gairola

August 23, 2023 | 8:28 am

VGK

The preliminary Eurozone Services Purchasing Managers Index (PMI) for August is reported at 48.3, lower than the estimated 50.5 and the prior value of 50.9.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:03 am

VGK

The Eurozone S&P Global Composite Purchasing Managers Index (PMI) for August is reported at 47, lower than the estimated 48.5 and the prior 48.6.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:03 am

VGK

The preliminary Eurozone Manufacturing Purchasing Managers Index (PMI) for August is reported at 43.7, which is higher than the estimated 42.6 and the prior value of 42.7.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:02 am

SPY

Economist Mohamed El-Erian has outlined three potential approaches that Federal Reserve Chair Jerome Powell could take at the upcoming Jackson Hole Symposium. These include signaling imminent monetary policy steps, discussing long-term monetary policy issues, or focusing on a specific economic question with no immediate policy implications. The stock market, which has seen its momentum stall, could be reignited by news from the symposium. The SPDR S&P 500 ETF Trust (NYSE:SPY) is down over 4% in August, but up over 15% for the year.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 7:55 am

EWG

VGK

The preliminary Germany Services Purchasing Managers Index (PMI) for August is reported at 47.3, which is lower than the estimated 51.5 and the prior value of 52.3.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:31 am

EWG

VGK

The preliminary Germany Manufacturing Purchasing Managers Index (PMI) for August is reported at 39.1, slightly higher than the estimated 38.7 and the prior 38.8.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:30 am