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Regulatory

PWOD

Penns Woods Bancorp Inc has filed for a mixed shelf of up to $85 million, according to a SEC filing.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:12 pm

NVDA

NVIDIA Corp. (NASDAQ:NVDA) shares fell over 1% due to concerns about the potential impact of US export restrictions to China on the company's business. Despite the drop, analysts from Rosenblatt Securities and Bank of America remain bullish, citing minimal impact of the restrictions on NVIDIA's sales and the potential for the large AI accelerator market to offset any potential restrictions in the Chinese market. Goldman Sachs also maintains a Buy rating on NVDA, viewing any fluctuations as an opportunity to increase positions.

Portfolio Pulse from Piero Cingari

June 29, 2023 | 8:10 pm

SPY

President Biden has expressed his opinion against the expansion of the court. This statement could have implications on the political landscape and indirectly affect the stock market.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:05 pm

SPY

In an interview with MSNBC, President Biden expressed his concerns about the Supreme Court, stating that it is 'out of sorts with the basic values system of the American people'. He also mentioned that the court's respect for institutions is different and it's not as embracing.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:04 pm

AUPH

Trading of shares in Aurinia Pharmaceuticals has been halted, with news pending.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:01 pm

AEP

Southwestern Electric Power Co., a subsidiary of American Electric Power (NASDAQ:AEP), has received approval from the Louisiana Public Service Commission to proceed with its plan to acquire up to 999 megawatts of renewable generation resources. The plan includes the construction of one solar and two wind projects by Invenergy, which will then be acquired by SWEPCO. The move is part of SWEPCO's long-term strategy to replace a third of its capacity with wind and solar resources.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 8:01 pm

SCHW

Shares of Charles Schwab Corporation (SCHW) are trading higher by 2.53% following the Federal Reserve's stress test results. All 23 banks tested, including SCHW, remained above their minimum capital requirements during a hypothetical recession. The stress test projected losses of $541 billion in a hypothetical scenario, with over $100 billion from real estate and $120 billion from credit cards.

Portfolio Pulse from Henry Khederian

June 29, 2023 | 7:28 pm

TCNNF

Trulieve Cannabis Corp. (OTCQX:TCNNF) has announced special offers for customers in three Maryland cities to mark the start of recreational cannabis sales in the state on July 1. The company will be selling cannabis clones at its dispensaries in Halethorpe, Lutherville, and Rockville. The offers include the 'Trulieve Recreational Starter Flight' priced at $80. Maryland recently legalized the sale of cannabis, allowing adults 21 and older to possess up to 1.5 ounces of cannabis and grow two plants for personal use.

Portfolio Pulse from Joana Scopel

June 29, 2023 | 7:26 pm

BMRN

The FDA has approved BioMarin's ROCTAVIAN gene therapy for adults with severe Hemophilia A. ROCTAVIAN is a one-time, single-dose treatment and its approval was based on durability, efficacy, and safety results from the largest and longest Phase 3 study for a gene therapy for Hemophilia. Majority of patients continued to respond to ROCTAVIAN treatment over 3 years.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 6:38 pm

ATVI

MSFT

The Canadian Justice Department has informed Microsoft that its proposed acquisition of Activision is likely to result in a substantial lessening of competition. The Bureau is continuing to monitor the transaction.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 6:23 pm