Streetbeat News

Regulatory

AMZN

BABA

Two key executives from Amazon's drone delivery program, Prime Air, have resigned. This comes as a setback for the program which has faced regulatory restrictions and crashes. Despite these challenges, Amazon remains committed to advancing drone delivery technology. Alibaba has also been trialing robotic delivery to cut costs and time.

Portfolio Pulse from Anusuya Lahiri

August 10, 2023 | 10:41 am

JNJ

The FDA has approved Talvey, a first-in-class bispecific therapy for the treatment of patients with heavily pretreated multiple myeloma. The drug is likely associated with JNJ.

Portfolio Pulse from Charles Gross

August 10, 2023 | 10:37 am

EEMA

EWU

EZU

FLAX

SPY

US markets closed lower on Wednesday, with the Dow Jones, S&P 500, and Nasdaq all recording losses. Asian markets, however, ended Thursday's session higher, with gains in Japan, Australia, China, and Hong Kong. President Biden issued an order restricting certain US investments in China. European markets were also up, with investors digesting corporate earnings ahead of a key US inflation reading. Commodities saw mixed results, while US futures were up. The US Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

August 10, 2023 | 10:24 am

AAPL

Apple Inc. has won a significant legal victory as the Supreme Court ruled in favor of the company's anti-steering rules, which prevent app developers from directing consumers to alternate payment methods. The ruling will allow Apple to maintain its App Store revenue and reduces the chances of forced changes to App Store policy or rate reductions in the future. Apple's stock ended Wednesday's session down 0.90% at $178.19 but rose 0.13% to $178.43 in after-hours trading.

Portfolio Pulse from Shanthi Rexaline

August 10, 2023 | 6:16 am

ARAY

Accuray Incorporated (ARAY) has received 510(K) clearance from the U.S. Food and Drug Administration for its VitalHold Breast Package on the Radixact System. This approval could potentially increase the company's market share in the medical devices sector.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 6:02 am

BTC-USD

In a recent podcast, Joe Rogan and musician Post Malone expressed strong opposition to central bank digital currencies (CBDCs), voicing concerns about potential implementation of a social credit score system linked to CBDCs. This comes amid growing opposition to CBDCs, with Republican presidential candidate and Florida Governor Ron DeSantis criticizing the Biden Administration's approach to cryptocurrencies. At the time of writing, Bitcoin was trading at $29,568.83, down 2.50% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 4:38 am

INDA

The Reserve Bank of India (RBI) has decided to keep its repo rate unchanged at 6.50%. This decision may impact the performance of India-focused ETFs listed in the US, such as INDA.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 4:37 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is under scrutiny as footage reveals its Autopilot vehicles crashing into police cars. The U.S. National Highway Traffic Safety Administration (NHTSA) has been investigating Tesla's Autopilot since 2021, with the number of crashes under investigation growing from 11 to 16. Despite these incidents, many are attributed to user errors, such as intoxication.

Portfolio Pulse from Benzinga Neuro

August 10, 2023 | 3:05 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced mixed trading on Wednesday evening as investors awaited the release of July's Consumer Price Index (CPI) in the United States. The Securities and Exchange Commission (SEC) is planning to appeal a recent court decision related to Ripple Labs. The global crypto market capitalization stands at $1.18 trillion, a 0.38% decrease in the last day. Stocks experienced a decline on Wednesday as investors eagerly anticipated upcoming inflation data. The S&P 500 saw a decline of 0.7%, while the Nasdaq Composite slipped 1.17%.

Portfolio Pulse from Mehab Qureshi

August 10, 2023 | 2:40 am

CVS

ELV

IHF

UNH

Nearly 4 million Americans have lost their Medicaid coverage in the last three months, with an estimated 15 million expected to lose access by the end of the year. This could impact the success of the Democratic party in the upcoming presidential election. The disenrollment is due to the end of the program's continuous enrollment provisions, which were implemented during the COVID-19 pandemic. The states with the highest numbers of people disenrolled are Texas and Florida. Shares of UnitedHealth Group Inc (UNH), Elevance Health Inc (ELV), and CVS Health (CVS) have been affected, as well as the iShares U.S. Healthcare Providers ETF (IHF).

Portfolio Pulse from Natan Ponieman

August 09, 2023 | 11:36 pm