Streetbeat News

Regulatory

ALNY

Alnylam Pharmaceuticals has reported updated interim Phase 1 results for ALN-APP, a drug in development for Alzheimer's disease and cerebral amyloid angiopathy. The results are promising, but further testing is required.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 6:27 am

INDA

US Treasury Secretary Janet Yellen announced that the US is working with India on a platform to accelerate its energy transition. This could potentially impact the iShares MSCI India ETF (INDA).

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 5:48 am

FXI

Asian stocks fell after China released key economic data showing a GDP 6.3% lower than expected. The Hang Seng, Shanghai, and Shanghai Shenzhen CSI 300 indices all experienced declines, while the U.S. Dollar rose slightly during the Asian session.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 5:37 am

ARGX

argenx has reported topline data from its ADHERE study of VYVGART Hytrulo in patients with Chronic Inflammatory Demyelinating Polyneuropathy.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 5:12 am

BLK

BTCUSD

BlackRock CEO Larry Fink has expressed optimism about the growing demand for cryptocurrencies like Bitcoin among gold investors. He noted the potential for ETFs to democratize access to both gold and crypto. This comes as BlackRock filed for a spot bitcoin ETF with the SEC. BlackRock released its Q2 results with adjusted earnings per share of $9.28 and generating $4.46 billion in revenue. The company’s assets under management have surged to over $9 trillion.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 4:25 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following an unexpected rally in crypto prices last week, triggered by a favorable ruling in the Ripple-SEC case. The court declared that the sale of XRP tokens does not constitute investment contracts, leading to a 73% surge in XRP. Analysts predict that XRP will become a top 3 coin again within the next 6-12 months.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 3:01 am

ATVI

MSFT

SONY

Sony Group Corp and Microsoft Corporation have reportedly reached a 10-year agreement to keep 'Call of Duty' games on PlayStation consoles after Microsoft's takeover of Activision Blizzard. The deal addresses concerns about Microsoft’s dominance in the gaming market and the possibility of making games exclusive to its own consoles. The Activision acquisition is still pending, but recent developments have improved Microsoft and Activision’s prospects.

Portfolio Pulse from Ramakrishnan M

July 17, 2023 | 1:07 am

GS

Former Goldman Sachs executive Raoul Pal predicts a looming crisis that will force the Federal Reserve to introduce bailout packages. He suggests that the crisis will allow the Federal Reserve to abandon its strict monetary policy and provide the necessary liquidity to address the substantial national debt. He also mentioned that the current market setup resembles the 2015-2016 cycle.

Portfolio Pulse from Bibhu Pattnaik

July 16, 2023 | 4:27 pm

FXI

SPY

Senate Majority Leader Schumer announced that Democrats will amend the defense policy bill to impose sanctions on China and declare a national emergency over Fentanyl. Schumer expressed hope that the China amendment will pass with strong bipartisan support.

Portfolio Pulse from Charles Gross

July 16, 2023 | 4:10 pm

DIS

This week's political events included revelations from Trump's ex-lawyer, potential implications for Disney due to Florida's Governor's policies, cancellations faced by My Pillow due to its owner's political stance, the White House reaching out to North Korea after a missile threat, and Russia's controversial actions in Ukraine.

Portfolio Pulse from Benzinga Neuro

July 16, 2023 | 12:05 pm