Streetbeat News

Regulatory

SPY

Federal Reserve's Daly stated that the risks have become more balanced with a strong labor market and high inflation. She suggested that it's appropriate to slow the pace of rate hikes.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 3:16 pm

SPY

Federal Reserve's Mary Daly stated that the U.S. economic momentum continues to surprise and in the context of that momentum, there's more that needs to be done to raise rates. She emphasized the need to be data dependent to make policy decisions.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 3:06 pm

MRKR

Marker Therapeutics announced that the European Medicines Agency has granted MT-401 an Orphan Drug Designation, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:49 pm

SPY

Federal Reserve's Barr has stated that the current inflation is too high and the Fed is focused on bringing it down to target. He also mentioned that recent rate moves are part of a careful process and that they have made significant progress on inflation.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:48 pm

IOVA

Iovance Biotherapeutics Inc's shares are trading higher by 14.3% after the company announced positive regulatory and clinical updates for its Phase 2 IOV-LUN-202 trial in post-anti-PD-1 non-small cell lung cancer (NSCLC). The FDA provided favorable feedback on the trial design, indicating potential accelerated approval for LN-145 TIL therapy. The company plans to enroll around 120 patients and expects enrollment to be completed by the second half of 2024.

Portfolio Pulse from Henry Khederian

July 10, 2023 | 2:47 pm

TYHT

Shineco's subsidiary has received marketing and distribution approval for its Cardiac 5-Minute Test from the Jiangsu Bureau of China's National Medical Products Administration. This has led to a rise in Shineco's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:42 pm

SPY

Secretary Janet Yellen tweeted about progress in deepening communication between countries, discussing ways to cooperate on global challenges, and the importance of avoiding miscommunication in national security measures.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:39 pm

SPY

US Treasury Secretary Janet Yellen has concluded two days of 'constructive and frank' discussions with Chinese officials, as well as interactions with the US business community in China and the Chinese public.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:38 pm

BABA

BTGOF

GSK

HNHPF

IEP

JNJ

META

NVO

SIVBQ

UBS

Meta's Threads app has reached 100 million users in five days, making it the fastest-growing consumer application in history. Nanobiotix has entered a global licensing, co-development, and commercialization agreement with Janssen Pharmaceutica, a unit of Johnson & Johnson, for the investigational radioenhancer NBTXR3. GSK's Arexvy vaccine for respiratory syncytial virus has been approved in the UK for older adults. BT Group's CEO Philip Jansen is stepping down within the next 12 months. Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Vedanta, impacting India's chipmaking plans. General Motors has reduced the starting price for the Cadillac Lyriq by 14% in China. SVB Financial Group is suing the U.S. Federal Deposit Insurance Corporation to recover $1.93 billion. Saudi National Bank's plan to increase its stake in UBS Group's Credit Suisse has been halted by Swiss regulator FINMA. Godrej Aerospace is planning to invest in General Electric's GE414 engine manufacturing operations. Carl Icahn has revised loan agreements and recovery strategy after a short-seller attack led to a 40% drop in Icahn Enterprises' shares. Novo Nordisk's weight-loss medications are under European investigation over suicidal risks. Alibaba's Youku is airing a series focusing on China's semiconductor leadership.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 2:30 pm

ALLO

FMR LLC has reported a 17.085% stake in Allogene Therapeutics, Inc. according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 2:25 pm