Streetbeat News

Regulatory

AFL

JPM

UBSI

Banking and financial services stocks are trading higher due to renewed economic optimism following the US Senate's passage of a debt limit bill and strong US jobs data.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 5:24 pm

GM

STLA

Stellantis and General Motors have paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements in prior years. Stellantis paid $235.5 million for the 2018 and 2019 model years, while GM paid $128.2 million for the 2016 and 2017 model years.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 5:04 pm

SPY

Fed-linked swaps indicate a 25 basis point rate hike fully priced in by the July meeting, according to Reuters. This may impact the SPY ETF.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:31 pm

CCJ

DNN

NXE

UEC

URA

UUUU

The passage of the ADVANCE Act, a nuclear energy bill, has led to a rally in uranium stocks and ETFs. The Global X Uranium ETF (NYSE:URA) has risen by 10% over the past three trading sessions, while stocks of uranium exploration, extraction, and processing companies have also seen significant gains.

Portfolio Pulse from Piero Cingari

June 02, 2023 | 4:28 pm

BXP

CUZ

DEI

ESS

HIW

HPP

HST

KIM

KRC

MAC

OPI

PK

SLG

SPG

VNO

REITs and real estate companies' shares are trading higher due to overall market strength after the Senate passed a debt limit bill.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:23 pm

USO

Iraq's Oil Minister stated that OPEC+ will not hesitate to take necessary decisions to stabilize the oil market. This statement comes amid concerns over the global energy crisis.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:20 pm

THTX

Theratechnologies has received FDA approval for its amended Phase 1 trial protocol for sudocetaxel zendusortide, a peptide-drug conjugate targeting the sortilin receptor in cancer cells. The trial will now focus on patients with ovarian cancer and refined patient selection.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:18 pm

TUR

USO

Iraq's Oil Minister announced that negotiations with Turkey are ongoing regarding the restart of oil exports from the Kurdistan Regional Government (KRG).

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:18 pm

UEC

UUUU

Uranium stocks are trading higher following the Senate's environment committee's approval of a bill to fast track the deployment of a new nuclear reactor fleet.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:16 pm

AZN

AstraZeneca's Imfinzi has shown improved pathological complete response (pCR) in gastric and gastroesophageal junction (GEJ) cancers, according to a Regulatory News Service report.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:03 pm