Streetbeat News

Regulatory

KDP

KO

PEP

The World Health Organization (WHO) is expected to categorize aspartame, a key ingredient in many diet and low-sugar beverages, as a potential carcinogen. This could impact major beverage companies like Coca-Cola (NYSE:KO), PepsiCo (NYSE:PEP), and Keurig Dr. Pepper Inc (NASDAQ:KDP), which use aspartame in their products. The new ruling could compel these companies to alter their recipes or include warnings on their products, potentially leading to a sales decline.

Portfolio Pulse from Chris Katje

June 29, 2023 | 5:29 pm

RETA

Reata Pharmaceuticals' shares are trading higher following the FDA's approval of the Prior Approval Supplement to update the drug substance specification for SKYCLARYS. Ladenburg Thalmann has also increased its price target for the company from $104 to $122.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 5:21 pm

BTCUSD

Fidelity has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF).

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:18 pm

EWC

GOOG

GOOGL

Google plans to remove links to Canadian news from its search and other products in Canada when the new online news law takes effect. This move is in response to the upcoming legislation that requires tech companies to pay for news content.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:04 pm

SPY

The Department of Justice (DOJ) will work with the Department of Education to provide resources to colleges and universities on lawful admissions practices and programs following the Supreme Court decision on affirmative action, according to Garland.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:03 pm

SPY

U.S. Attorney General Garland has stated that the Supreme Court's decision on affirmative action undermines the efforts of universities to create a diverse group of graduates. He believes this is crucial for leadership in an increasingly diverse nation.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 5:02 pm

SPY

President Biden has urged colleges to consider the adversity students have overcome when selecting applicants. This could potentially impact the number of students enrolling in colleges and universities.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:55 pm

AAPL

SPOT

Apple Inc (AAPL) shares are trading higher as the company prepares for a showdown with the European Union antitrust regulators. The company has been charged over its treatment of music streaming rivals like Spotify Technology SA (SPOT). Apple insists that the EU wrongly accused it of illegal curbs on the likes of Spotify. The antitrust probes coincide with new EU rules that will rein in how U.S. tech firms operate in the region.

Portfolio Pulse from Anusuya Lahiri

June 29, 2023 | 4:53 pm

SPY

President Biden has expressed his belief that colleges are stronger when they are racially diverse. This statement could potentially influence policies related to education and diversity in the future.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:52 pm

SPY

President Biden has expressed strong disagreement with the Supreme Court's decision on affirmative action, stating that the court has walked away from decades of precedent.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 4:51 pm