Streetbeat News

Regulatory

NVO

Novo Nordisk announced that its drug, semaglutide 2.4 mg, has reduced the risk of major adverse cardiovascular events by 20% in adults with overweight or obesity in the SELECT trial. The trial achieved its primary objective, demonstrating a statistically significant reduction in MACE for people treated with semaglutide 2.4 mg compared to placebo. The drug also had a safe and well-tolerated profile.

Portfolio Pulse from Charles Gross

August 08, 2023 | 9:58 am

AMZN

HSIC

NVDA

SAGE

The S&P 500 ended its four-session losing streak on Monday, with the majority of sectors closing positively. Henry Schein Inc reported better-than-expected Q2 earnings, while Sage Therapeutics Inc shares fell by 54% after the FDA issued a Complete Response Letter for one of its New Drug Applications. The Nasdaq 100 rose by 0.87%, with gains in shares of Amazon.com, Inc. and NVIDIA Corp. The CBOE Volatility Index fell by 7.8%.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 9:56 am

EWU

SNAP

Snapchat, owned by Snap Inc., is under scrutiny from a UK watchdog for not removing underage users from its platform. This follows a report from Reuters in March that the platform has thousands of underage users.

Portfolio Pulse from Charles Gross

August 08, 2023 | 8:51 am

BPTS

Biophytis has received a positive opinion from Belgian authorities for its SARA-31 Phase 3 study. This approval is a significant step forward for the company's clinical trial.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:16 am

EWG

VGK

Germany's Consumer Price Index (CPI) for July came in line with estimates at 6.2% YoY and 0.3% MoM, matching the prior figures. ETFs EWG and VGK could be impacted by this data.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 6:01 am

TSLA

Elon Musk, CEO of Tesla and SpaceX, reacted to Tucker Carlson's interview with Tristan Tate on Twitter, now rebranded as 'X'. Carlson's show is hosted on Musk's social media platform. The Tate brothers, who were recently released from house arrest in Romania, were under investigation for allegations of abuse from seven women.

Portfolio Pulse from Ananya Gairola

August 08, 2023 | 4:05 am

FXI

China's trade balance for July was reported at $80.60 billion, significantly higher than the estimated $67.80 billion and the prior figure of $70.62 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:51 am

TMP

Tompkins Financial has filed for up to $100M stock shelf, according to a SEC filing.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:28 pm

VAL

Valaris Limited (NYSE:VAL) has announced the pricing of a $400 million private placement of additional 8.375% Senior Secured Second Lien Notes due 2030. The offering was upsized from the original $350 million. The proceeds will be used to finance the purchase of drillships VALARIS DS-13 and VALARIS DS-14, and for general corporate purposes. The securities have not been registered under the Securities Act and will be sold only to qualified institutional buyers and persons outside the United States.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 9:14 pm