Streetbeat News

Regulatory

BNTX

BionTech and Oncoc4 have announced the treatment of the first non-small cell lung cancer patient in a pivotal Phase 3 trial of BNT316/ONC-392 (Gotistobart). This trial is part of BionTech's strategy to initiate multiple pivotal trials in 2023 and 2024.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:48 am

SPY

Federal Reserve's Bostic stated that the economy has only been in restrictive territory for 8-10 months, indicating that we are just at the beginning stage of what tightening should look like.

Portfolio Pulse from Charles Gross

June 29, 2023 | 10:30 am

AHI

Trading of Advanced Health Intelligence (AHI) shares was halted at 6:13:55 AM due to pending news.

Portfolio Pulse from Charles Gross

June 29, 2023 | 10:27 am

INTC

NVDA

Nvidia Inc. warns that the American chip industry could face significant long-term costs if new restrictions on the sale of artificial intelligence (AI) semiconductors to China are implemented. The proposed export controls would require chip makers like Nvidia to obtain a license before shipping chips used to create powerful AI systems to China. Chip makers, including Intel Inc. and Nvidia, are lobbying the administration to ease any new restrictions or drop them altogether.

Portfolio Pulse from Benzinga Newsbot

June 29, 2023 | 10:26 am

BTAI

BioXcel Therapeutics announced that its TRANQUILITY II Phase 3 trial of BXCL501 for the acute treatment of Alzheimer's disease-related agitation has met its primary endpoint with the 60mcg dose.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 10:06 am

AMZN

SPY

The Federal Trade Commission (FTC) is planning to file an extensive antitrust lawsuit against Amazon's core online marketplace in the coming weeks, according to Bloomberg.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:44 am

ATVI

MSFT

Microsoft CEO Satya Nadella expressed his desire to eliminate console-exclusive games, blaming Sony's dominance and its strategy of using exclusives to drive sales. This statement was made during Microsoft's legal battle against the US Federal Trade Commission (FTC) over its proposed acquisition of Activision Blizzard. The FTC has sued to block the deal, citing potential adverse impacts on consumer choice and competition.

Portfolio Pulse from Rounak Jain

June 29, 2023 | 9:36 am

AAPL

MSFT

NFLX

NVDA

The S&P 500 settled slightly lower following comments from Fed Chair Jerome Powell about additional interest rate hikes. NVIDIA shares fell after a report that the U.S. government is considering semiconductor export limits to China. Netflix shares rose 3% after Oppenheimer maintained an Outperform rating and raised its price target. The Nasdaq 100 rose 0.12% amid gains in Microsoft and Apple shares. The CBOE Volatility Index fell 2.3%.

Portfolio Pulse from Lisa Levin

June 29, 2023 | 9:26 am

FXI

China has announced that it will allow free and timely transfer of funds related to foreign investment that are authentic and compliant in its pilot zones, according to Reuters.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:19 am

FXI

China has issued measures to promote opening in some free trade zones and ports on a pilot basis to meet high international standards. This will allow foreign financial institutions in these pilot free trade zones to launch the same new services as Chinese financial institutions.

Portfolio Pulse from Charles Gross

June 29, 2023 | 9:18 am