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SPY

Major indexes are down following better-than-expected US jobs data, which could raise concerns over further rate hikes. Dallas Fed president Logan also indicated that more rate hikes are likely necessary.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 2:39 pm

NNVC

NanoViricides, Inc. (NNVC) reports that the clinical trial of its broad-spectrum antiviral drug NV-CoV-2 is progressing well. The drug is in Phase1a/1b Safety and Preliminary Efficacy Human Clinical Trials initiated by Karveer Meditech Pvt. Ltd. India. The drug has shown no adverse events to date at any of the dose levels. The company believes that NV-CoV-2 will be usable in all segments of patient populations and could satisfy many unmet medical needs for the global population.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:35 pm

IXHL

Incannex Healthcare Limited has received approval from Bellberry Human Research Ethics Committee to commence a bioavailability/bioequivalence clinical trial on IHL-42X, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 2:34 pm

SPY

The U.S. economy continues to show strong growth, with the ISM Services PMI exceeding expectations in June. This has led to concerns about potential interest rate hikes, especially with the high ADP employment growth. The S&P 500 ETF Trust (NYSE:SPY) was down 1.3% due to these concerns.

Portfolio Pulse from Piero Cingari

July 06, 2023 | 2:27 pm

FXI

TSLA

Tesla and 16 other China-based conventional and new electric vehicle makers have signed an agreement to avoid 'abnormal pricing' in China's EV marketplace.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:05 pm

SPY

The USA ISM Non-Manufacturing Employment index for June came in at 53.1, beating the estimate of 49.9 and the prior figure of 49.2.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:01 pm

SPY

The USA ISM Non-Manufacturing PMI for June came in at 53.9, beating the estimate of 51.0 and the prior figure of 50.3. This indicates a stronger than expected growth in the non-manufacturing sector.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:00 pm

LLAP

Terran Orbital Corporation (NYSE:LLAP) congratulated its customer Rivada Space Networks for receiving a waiver from the International Telecommunications Union (ITU). The waiver allows Rivada to delay the launch of the first 10% of its planned satellite constellation until 2026. This is also a significant milestone for Terran Orbital, as it allows the company to continue the development and manufacture of its first tranche of satellites for Rivada under a $2.4 billion contract.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:54 pm

NVAX

Novavax, Inc. (NASDAQ:NVAX) has received full Marketing Authorization (MA) from the European Commission for its COVID-19 vaccine, Nuvaxovid. The vaccine is now fully authorized for use as a primary series in individuals aged 12 and older and as a booster dose in adults aged 18 and older. The company is also preparing to file for full approval in the U.S. and other markets.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:49 pm

SPY

Senator Schumer announced that the Biden administration is set to provide a $6.88 billion grant for the New York Hudson Tunnel Project.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:47 pm