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EWT

FXI

SPY

Taiwan's President is expected to address the complex situation Taiwan faces due to China's continued harassment and efforts to cause chaos. The President plans to follow the path of former President Tsai to maintain peace and stability across the Taiwan Strait.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:02 pm

BAX

Baxter is increasing the allocation levels of high-demand IV fluids for direct customers and distributors in the U.S. This change will be effective from October 9, 2024, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:32 pm

VRNOF

Verano Holdings CEO George Archos discusses the potential rescheduling of cannabis from Schedule I to Schedule III, which could significantly impact the industry by removing tax burdens and enabling further reforms like banking access. Archos emphasizes Verano's adaptability in navigating fragmented regulations and highlights the company's mission driven by personal experiences with cannabis. Verano's hospitality approach in its retail stores is seen as a competitive advantage.

Portfolio Pulse from Franca Quarneti

October 09, 2024 | 1:27 pm

SPY

Fed's Logan highlights the need to remain vigilant about inflation risks stemming from supply chains, geopolitics, and potential port strikes. The labor market has cooled, posing a risk of cooling beyond what is necessary to achieve a 2% inflation target.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:20 pm

SPY

The Federal Reserve's Logan suggests that a less restrictive monetary policy could prevent an unnecessary cooling of the labor market. Inflation progress is broad-based, and both inflation and the labor market are nearing the Fed's targets. Recent trends in housing and core services inflation are promising and expected to decrease over time.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:19 pm

SPY

Dallas Fed's Logan suggests a gradual approach to rate cuts, citing risks of inflation remaining above the 2% target. This cautious stance implies that the Fed should not rush to reduce rates, allowing time to assess the impact of monetary policy.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:19 pm

SPY

Dallas Fed's Logan suggests a gradual approach to rate cuts due to inflation risks. The Fed should not rush to reduce rates as inflation may remain above the 2% target. A gradual policy allows for better assessment of monetary policy's restrictiveness and balances labor market risks.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:17 pm

CAPR

Capricor Therapeutics has started the rolling submission of a Biologics License Application (BLA) with the FDA for deramiocel, aimed at treating Duchenne muscular dystrophy. The company plans to complete the submission by the end of 2024, potentially qualifying for priority review.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:17 pm

TCNNF

The Miami Herald endorses Florida's cannabis legalization initiative, Amendment 3, highlighting the failed drug war and potential tax revenue. The amendment could generate significant sales tax revenue and offers legal protections for recreational users. Concerns include market control by existing companies like Trulieve Cannabis Corp.

Portfolio Pulse from Maureen Meehan

October 09, 2024 | 1:13 pm

BAX

The FDA is collaborating with Baxter to identify potential products in their system and alternative manufacturing sites, including temporary imports, to address supply issues. The FDA will continue to support Baxter in bringing their plant back online and work with other suppliers to increase supply.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:09 pm