Streetbeat News

Regulatory

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed is trying to understand artificial intelligence better. This comes as the central bank is increasingly interested in the potential of AI in the financial sector.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:57 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the underlying pace of quantitative tightening is approximately $1 trillion per year. He also mentioned that the reserves appear quite ample, indicating that quantitative tightening has a long way to go.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:54 pm

NERV

Minerva Neurosciences, Inc (NASDAQ:NERV) has received a $20 million investment from Boehringer Ingelheim and Federated Hermes Kaufmann Funds via a private placement of its shares. The company plans to use the proceeds to support potential regulatory approval and market launch of roluperidone, a drug being developed to treat negative symptoms of schizophrenia. The private placement is expected to close on June 30, 2023.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 2:49 pm

DAL

A Delta Airlines flight experienced mechanical issues and landed at Charlotte-Douglas International Airport, causing the runway to be temporarily closed. The incident has led to delays at the airport, with current delays ranging from 31 to 45 minutes.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:47 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the overall US banking system is strong and resilient, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:40 pm

SPY

Federal Reserve Chairman Jerome Powell stated that China's economy is not a primary consideration for the Federal Reserve's policy decisions, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:32 pm

SPY

Federal Reserve Chair Jerome Powell stated that the Fed does not target specific parts of the market. This statement could potentially impact the overall market sentiment and the performance of ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:25 pm

JOBY

NERV

OSTK

Despite a general drop in U.S. stocks, several companies recorded gains. Minerva Neurosciences climbed 46.2% after announcing a $20 million private placement. Joby Aviation rose 26.4% following a permit for flight testing of its first production prototype. Xponential Fitness, Archer Aviation, Opendoor Technologies, Viad Corp, Beazer Homes USA, Carvana, Overstock.com, Viking Therapeutics, Energy Vault Holdings, Snowflake, Global Blue Group Holding, Squarespace, and Pinterest also saw increases. Notably, Overstock.com's acquisition of Bed Bath & Beyond's brand name, intellectual property, and e-commerce platform was approved by a U.S. bankruptcy judge.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 2:19 pm

CTLT

REGN

Regulatory authorities have made three observations during an inspection of Catalent's facility, which manufactures Regeneron's Eylea. Catalent has already proposed corrective actions in response.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:18 pm

VGK

European Central Bank's (ECB) President Christine Lagarde has stated that the bank is not considering changing its inflation goal at the moment.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:12 pm