Streetbeat News

Regulatory

NVO

Novo Nordisk A/S (NYSE:NVO) is facing a shortage of its obesity drugs Wegovy and Saxenda due to increased demand. The FDA has listed Saxenda as having limited availability through the end of 2023. The European Medicines Agency has initiated a probe into Novo Nordisk's weight-loss medications amid reports of suicidal risks. Despite these challenges, NVO shares are up 3.81%.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 5:41 pm

MSFT

OpenAI, the creator of ChatGPT and DALL-E, has shown support for the idea of requiring government licenses for the development of advanced artificial intelligence systems, according to an internal policy memo. The company also indicated its willingness to reveal the data used to train image generators. This follows a meeting between White House officials and tech executives, including OpenAI CEO Sam Altman.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:35 pm

SPY

President Biden is discussing his 'Bidenomics' agenda and how it is contributing to the growth of the economy. The discussion is being streamed live on YouTube.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:13 pm

TDOC

The Federal Trade Commission (FTC) and the Department of Health and Human Services (HHS) have issued warnings to hospital systems and telehealth providers about the potential privacy and security risks associated with online tracking technologies. The agencies are concerned about the potential misuse of patient data.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:01 pm

SPY

VGK

The Russian Ambassador to the U.S. has denied claims that Russia is preparing to attack civilian ships in the Black Sea. This comes in response to allegations made by the U.S.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 4:42 pm

XXII

22nd Century Group has regained compliance with Nasdaq listing requirements, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:42 pm

SPY

STLA

Emanuele Palma, an official of automaker group FCA US, has pleaded guilty to a felony for conspiring to violate the Clean Air Act. Palma withheld information from the Environmental Protection Agency (EPA) regarding the design, calibration, and function of the emissions control system.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 4:22 pm

BK

BNY Mellon (NYSE:BK) has announced its live participation in the Federal Reserve's new instant payment rail, the FedNow Service. This makes BNY Mellon one of the first banks to send and receive payments from participating institutions and support payment activity through settlement or liquidity services. The bank's early adoption of the service is expected to expand options for corporations, non-banking financial institutions, and fintechs to move funds instantly.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 3:52 pm

SPY

VGK

The White House has expressed deep concern about Russian attacks in the Black Sea. This geopolitical tension could potentially impact global markets.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 3:43 pm

SPY

U.S. House Speaker Kevin McCarthy has denied making a deal with former President Donald Trump to expunge his impeachments. This news comes amid ongoing political tensions within the U.S.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 2:42 pm