Streetbeat News

Regulatory

SPY

Senator Joe Manchin has not ruled out the possibility of running for President as a third-party candidate, stating that if he enters a race, he intends to win.

Portfolio Pulse from Charles Gross

July 18, 2023 | 10:24 am

KPTI

Karyopharm Therapeutics has received FDA Fast Track Designation for its drug Selinexor for Myelofibrosis, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 10:14 am

ARDS

Aridis Pharmaceuticals' shares are trading higher following positive feedback from the European Medicines Agency (EMA) on the company's proposed Phase 3 study AR-301 for pneumonia caused by Staphylococcus aureus in mechanically ventilated hospitalized patients.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 10:12 am

TSLA

Tesla has been granted U.S. Patent # 1170334, which pertains to trip planning with energy constraints. This could potentially enhance the efficiency of Tesla's electric vehicles and improve user experience.

Portfolio Pulse from Charles Gross

July 18, 2023 | 9:29 am

AMZN

GOOG

SSNLF

The Biden Administration has introduced the U.S. Cyber Trust Mark, a cybersecurity label for smart devices. The label signifies that the devices meet the security standards outlined by the National Institute of Standards and Technology. Major industry players such as Amazon, Alphabet's Google, Samsung, and Logitech support this initiative. The program is voluntary and is scheduled for implementation in 2024.

Portfolio Pulse from Ananya Gairola

July 18, 2023 | 9:29 am

TSLA

Tesla has been granted U.S. Patent #11705855 for an interlocking Building-Integrated Photovoltaics (BIPV) roof tile with backer. This could potentially enhance Tesla's solar roof offerings and strengthen its position in the renewable energy market.

Portfolio Pulse from Charles Gross

July 18, 2023 | 9:28 am

BAC

LMT

MS

The CNN Money Fear and Greed index remains in the 'Extreme Greed' zone, indicating high market sentiment. The Dow Jones has recorded gains for six consecutive sessions, settling at its highest level in 2023. The NY Empire State Manufacturing Index fell by 5.5 points to a reading of +1.1 in July, exceeding market estimates. Traders anticipate a 97% chance of the US Federal Reserve raising interest rates later this month. Investors are awaiting earnings results from Bank of America Corporation, Morgan Stanley, and Lockheed Martin Corporation.

Portfolio Pulse from Lisa Levin

July 18, 2023 | 6:52 am

BLK

F

SEC Chair Gary Gensler has expressed mixed feelings about a court ruling that Ripple Labs's XRP token is not necessarily a security. He was pleased with the part of the decision that classified the token as a security for institutional investors but disappointed about aspects related to retail investors. Gensler also mentioned that the SEC has proposed rule changes that apply to digital assets. In the coming months, the SEC will be handling a series of Bitcoin ETF applications submitted by financial institutions like BlackRock and Fidelity.

Portfolio Pulse from Mehab Qureshi

July 18, 2023 | 6:14 am

FXI

SPY

US Climate Envoy John Kerry has stated that climate cooperation could redefine US-China relations and lead the way in tackling global warming. This could potentially impact the performance of ETFs like FXI and SPY.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:58 am

EWJ

Japan's Tertiary Industry Activity Index (MoM) has reported a 1.2% increase, matching the prior figure and exceeding the estimated 0.4%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:33 am