Streetbeat News

Regulatory

PRTA

Prothena Corporation has presented new research data from its PRX012, PRX005, and PRX123 programs at the Alzheimer's Association International Conference. The data showcases the potential of Prothena's pipeline and its commitment to transforming the care of patients with Alzheimer's disease.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 12:36 pm

MCOM

Helbiz, a company under micromobility.com Inc. (NASDAQ:MCOM), has been granted a three-year permit renewal to operate in Palermo, Sicily. The permit allows for the deployment of up to 1000 electric scooters, reinforcing Helbiz's role in promoting sustainable transport in the region. The company was awarded the top spot in a competitive application process.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:33 pm

BBIO

PFE

BridgeBio Pharma Inc (BBIO) announced positive results from its ATTRibute-CM Phase 3 study of acoramidis in transthyretin amyloid cardiomyopathy. The study showed significant improvement in the primary endpoint and a survival rate of 81% versus placebo survival rate of 74%. The company also observed a 50% relative risk reduction in cardiovascular-related hospitalization. In comparison to Pfizer Inc's (PFE) Vyndaqel/Vyndamax, acoramidis showed a 42% greater increase in serum TTR levels and a 92% improvement in median NT-proBNP. BBIO plans to file a New Drug Application with the FDA by the end of 2023. BBIO shares are up 59.30% in premarket trading.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 12:31 pm

META

A developer has used AI to translate and lip-sync a YouTube interview between Lex Fridman and Meta Platforms Inc CEO Mark Zuckerberg from English to Hindi. The developer, Prady, used AI tools including ChatGPT, voice training, and speech-to-text tools from 11labs, and a lip synchronization API. This highlights the accessibility of audio and video editing due to AI, but also raises concerns about the potential misuse of these tools to spread misinformation.

Portfolio Pulse from Rounak Jain

July 17, 2023 | 12:30 pm

SPY

The New York Empire State Manufacturing Index for July came in at 1.10, beating the estimated -4.30 and showing an improvement from the prior figure of 6.60.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:30 pm

FXI

SPY

U.S. Treasury Secretary Yellen has indicated that there is a good chance the U.S. will proceed with outbound investment controls on China, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 12:29 pm

SPY

U.S. Treasury Secretary Yellen has announced that the U.S. is considering outbound investment controls on China, specifically targeting a few sectors. The details of the sectors are not specified.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:26 pm

SPY

U.S. Treasury Secretary Yellen has stated that she does not anticipate a recession in the U.S. She noted that while U.S. growth has slowed, the labor market remains strong.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:24 pm

FXI

SPY

U.S. Treasury Secretary Yellen stated that U.S. tariffs on China were a reflection of concerns about unfair trade practices, which have not been addressed yet, according to Bloomberg.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:23 pm

ASMB

Assembly Biosciences, Inc. (NASDAQ:ASMB) has presented new data on its herpes simplex virus development candidate, ABI-5366, at the 47th Annual International Herpesvirus Workshop. The data includes preclinical information on the activity, pharmacokinetics, and safety profile of ABI-5366, which is being developed as a long-acting therapeutic for high-recurrence genital herpes. The company plans to initiate a Phase 1a study for ABI-5366 in the first half of 2024.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 12:16 pm