Streetbeat News

Regulatory

SPY

Federal Reserve's Harker stated that if the point of holding rates steady is reached, it will need to be maintained for a while. He does not foresee any immediate easing of the policy rate.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:15 pm

USO

Saudi Arabia has reaffirmed its commitment to OPEC+ precautionary measures and will continue to boost efforts to support the stability of oil markets, according to the Saudi Cabinet.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:14 pm

LXRX

A post-hoc analysis of SOLOIST-WHF clinical data published in the Journal of the American College of Cardiology shows that Sotagliflozin significantly reduces the risk of hospital readmissions for heart failure. The risk reductions are approximately 50% for heart failure readmissions and for the composite of CV death and heart failure readmissions at 30- and 90-days following hospital discharge.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:05 pm

DGLY

Digital Ally has been granted five new patents related to hardware and software enhancements for law enforcement video solutions. The patents cover a comprehensive video collection and storage system, a portable video and imaging system, systems and methods for legibly capturing vehicle markings, forensic video recording with presence detection, and a breath analyzer system for authenticating, preserving, and presenting breath analysis data.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:02 pm

ACRHF

GTBIF

A New York state Supreme Court judge has ordered a temporary halt on the issuance of new Conditional Adult-Use Retail Dispensaries licenses in New York, siding with a group of veterans who filed a lawsuit against the Office of Cannabis Management. The lawsuit argues that the office violated the Marijuana Regulation and Taxation Act by prioritizing licenses for individuals with prior drug convictions. The court order also prevents state regulators from granting operational approvals to those who already have licenses and are close to opening dispensaries. The lawsuit includes large marijuana companies Acreage Holdings, Curaleaf Holdings, Green Thumb Industries, and PharmaCann.

Portfolio Pulse from Nina Zdinjak

August 08, 2023 | 12:58 pm

SPY

Federal Reserve's Harker stated that their forecast does not predict a spike in inflation. He also mentioned that supply chain issues are beginning to resolve, though not perfectly, and the fiscal stimulus is burning off.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:57 pm

VEV

Vicinity Motor Corp. (NASDAQ:VEV) has regained compliance with the Nasdaq minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market. The company's CEO, William Trainer, expressed satisfaction with the resolution and emphasized the team's focus on creating long-term value for shareholders.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:54 pm

VIRX

Viracta Therapeutics, Inc. (NASDAQ:VIRX) has announced the publication of clinical data from a Phase 1b/2 study of Nana-val in 55 patients with R/R EBV+ lymphoma. The results showed complete responses and ongoing durable responses observed out to approximately 36 months across multiple EBV+ lymphoma subtypes. The all-oral Nana-val was well tolerated, with the most common adverse events being low-grade nausea, constipation, and reversible cytopenias. The data served as a catalyst for the advancement of Nana-val into the confirmatory NAVAL-1 trial.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:51 pm

PBYI

Puma Biotechnology has received FDA clearance for its Investigational New Drug (IND) application for Alisertib in small cell lung cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:38 pm

OBIO

Orchestra BioMed has received FDA approval for its Investigational Device Exemption (IDE) for a U.S. pivotal study of Virtue Sirolimus AngioInfusion Balloon in patients with coronary in-stent restenosis. The study is expected to start before the end of 2023. The company has a strategic partnership with Terumo Corporation for the global application of Virtue SAB.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:36 pm