Streetbeat News

Regulatory

OPGN

OpGen Inc has entered into a standstill agreement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:38 pm

ASLN

ASLAN Pharmaceuticals will host a webcast on July 6, 2023, to discuss Phase 2b topline data from the TREK-AD trial evaluating Eblasakimab in Atopic Dermatitis.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:31 pm

MRNA

Moderna, Inc. (NASDAQ:MRNA) shares traded higher after the company signed a memorandum of understanding and land collaboration agreement to research, develop and manufacture mRNA medicines in China. The agreement allows Moderna to develop drugs exclusively for the Chinese market. The company also announced global regulatory submissions for mRNA-1345, including the European Medicines Agency.

Portfolio Pulse from Ryan Gustafson

July 05, 2023 | 8:31 pm

XOM

ExxonMobil anticipates a negative impact on its Q2 upstream earnings by $2.2B-$1.8B due to changes in gas prices. Additionally, changes in unsettled derivatives are expected to impact Q2 energy products earnings by negative $0.3B to positive $0.1B, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:30 pm

SPY

Federal Reserve's John Williams stated that future actions by the Fed will be data dependent. This suggests that any changes in monetary policy will be based on economic indicators and not predetermined.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:26 pm

SPY

Federal Reserve's John Williams stated that there is still more work to be done with rates, implying potential future adjustments.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:25 pm

SPY

Federal Reserve's John Williams has suggested that it would be sensible to slow down on rate rises given the current economic conditions. This could potentially impact the performance of the SPY ETF.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:24 pm

SPY

Federal Reserve's Williams stated that inflation expectations have been 'remarkably well anchored'. He also mentioned that the Fed still has work to do to balance demand and supply. He fully supported the Fed's decision to hold steady on rates at the June FOMC meeting.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:23 pm

SPY

Federal Reserve Bank of New York President John Williams stated that the ultimate fate of inflation is in the hands of the Federal Reserve. This statement suggests that the Fed has the power to control inflation rates through its monetary policies.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 8:21 pm

SPY

Federal Reserve Bank of New York President John Williams expressed surprise at the stability of the natural rate of interest, which has remained steady despite the economic turmoil caused by the pandemic. This could influence the Fed's future monetary policy decisions.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 8:17 pm