Streetbeat News

Regulatory

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, highlights the growth potential in the European cannabis market, which is expanding at 20% QoQ. Despite being smaller, the European market is growing faster than the US, with a stricter regulatory environment. Hemp is gaining traction in this bifurcated market.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:44 pm

GSK

MRK

Merck faces a class-action lawsuit alleging anticompetitive behavior related to its mumps vaccine. Despite ethical concerns, the court upheld Merck's immunity under the Noerr-Pennington doctrine, shielding it from liability. The lawsuit claims Merck's actions delayed GSK's market entry.

Portfolio Pulse from Vandana Singh

October 08, 2024 | 4:41 pm

SLNO

Soleno Therapeutics shares rose after the FDA decided that an advisory committee is not needed for the NDA review of DCCR extended-release tablets.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:40 pm

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, highlights challenges in the cannabis industry, including a recession in the consumer sector, inflation, hemp market proliferation, and lack of capital markets, which are pressuring the regulated market.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:35 pm

SPY

The upcoming September CPI report is crucial for determining the Federal Reserve's next move. Economists expect headline inflation to ease, but core inflation remains a concern. Traders are pricing in a high chance of a rate cut, but recent strong jobs data and rising oil prices have increased uncertainty. The S&P 500, tracked by SPY, is expected to react significantly to the report.

Portfolio Pulse from Piero Cingari

October 08, 2024 | 4:31 pm

COIN

Crypto.com has initiated legal action against the SEC after receiving a Wells notice, accusing the SEC of overstepping its jurisdiction by classifying most crypto trades as securities. This lawsuit highlights ongoing tensions between the crypto industry and regulatory bodies.

Portfolio Pulse from Khyathi Dalal

October 08, 2024 | 4:30 pm

KMI

Kinder Morgan has shut down its pipelines and terminals that are part of the Central Florida Pipeline System, affecting the Tampa, Florida area.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:26 pm

BNO

The United States Brent Oil Fund (NYSE:BNO) is experiencing a decline in share price, reflecting a broader decrease in oil prices. This follows a recent rise due to Middle East tensions and is now influenced by China's limited economic stimulus measures.

Portfolio Pulse from Vaishali Prayag

October 08, 2024 | 4:25 pm

MSOS

SPY

The rescheduling rule received 43,000 public comments, indicating significant public interest. The comment period ended in July, and the deadline to request a hearing before an Administrative Law Judge is September 30th. Participants in the hearing will likely be announced 30 days prior.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:24 pm