Streetbeat News

Regulatory

FXI

SPY

The company has applied to the U.S. court for recognition of the schemes of arrangement under offshore debt restructuring, as its U.S. dollar denominated notes are governed by New York law. The application is made under Chapter 15 of the U.S. Code.

Portfolio Pulse from Charles Gross

August 18, 2023 | 9:25 am

VGK

The Eurozone's Consumer Price Index (CPI) for July was reported to be -0.1% on a monthly basis and +5.3% on an annual basis, which is in line with expectations. The core CPI, which excludes volatile items, was also -0.1% on the month and +5.5% on the year, also in line with expectations.

Portfolio Pulse from Charles Gross

August 18, 2023 | 9:02 am

CALT

The FDA has granted priority review for full approval of Calliditas Therapeutics' TARPEYO for treating IgA Nephropathy. This could potentially expedite the drug's approval process.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 8:31 am

GOOG

GOOGL

META

A study by Arthur AI has evaluated the misinformation spread by AI models from companies like Meta Platforms Inc., OpenAI, Anthropic, and Cohere AI. The study found that OpenAI's GPT-4 model hallucinated significantly less than its predecessor, GPT-3.5, and Meta's Llama 2 model. Cohere AI disputed the results, asserting the effectiveness of their retrieval automated generation technology for providing verifiable citations.

Portfolio Pulse from Ananya Gairola

August 18, 2023 | 7:59 am

AZN

AstraZeneca's drug Forxiga (Dapagliflozin) has received approval in China for use in reducing the risk of cardiovascular death, hospitalization for heart failure, or urgent heart failure visits in adults with symptomatic chronic heart failure, regardless of ejection fraction phenotype.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 7:44 am

GOOG

GOOGL

Alphabet Inc's autonomous driving tech unit, Waymo, will start charging for rides across San Francisco. The pricing will be competitive and reasonable, based on time and distance, and may be higher during busier times. This comes after Waymo and General Motors' Cruise received a driverless deployment permit for 24x7 fared operation in San Francisco from the California Public Utilities Commission.

Portfolio Pulse from Anan Ashraf

August 18, 2023 | 2:55 am

DRTS

Alpha Tau Medical has reported long-term safety and efficacy data from multiple clinical trials of Alpha DaRT. The company stated that 81 lesions treated across four feasibility trials of head and neck or skin cancers demonstrated an 89% complete response rate.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 9:03 pm

ARRW

Arrowroot Acquisition has identified an accounting error in its previously issued financial statements for the quarterly period ended March 31, 2023.

Portfolio Pulse from Charles Gross

August 17, 2023 | 8:42 pm

ROBO

SMH

The U.S. Small Business Administration (SBA) plans to invest billions into venture capital funds, reshaping the Small Business Investment Company (SBIC) program. The updated SBIC program will channel investments exclusively into U.S. small businesses, with a focus on underserved areas and industries crucial to national security. The ROBO Global Robotics & Automation Index ETF (NYSE:ROBO) and the VanEck Vectors Semiconductor ETF (NASDAQ:SMH) may benefit from this emphasis on critical technology sectors.

Portfolio Pulse from AJ Fabino

August 17, 2023 | 8:37 pm

SPY

Federal Reserve Chair Jerome Powell is scheduled to speak at the Jackson Hole Economic Symposium on August 25 at 10:05 a.m ET.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 8:34 pm