Streetbeat News

Regulatory

AAL

DAL

JBLU

LTM

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UAL

Spirit Airlines is considering bankruptcy after a failed merger with JetBlue, which was blocked by U.S. antitrust regulators. The airline faces financial struggles due to engine issues and intense competition. The stock has dropped significantly, losing over 85% of its value in 2024.

Portfolio Pulse from Anthony Noto

October 04, 2024 | 5:09 pm

COIN

Coinbase Global shares are rising as the company plans to restrict services related to Stablecoins that do not comply with MICA European regulations.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:57 pm

JNJ

TAK

Johnson & Johnson (JNJ) has discontinued its Phase 2 study of the dengue antiviral mosnodenvir as part of a strategic R&D reprioritization. The decision was not due to safety concerns. Meanwhile, Takeda's dengue vaccine has received WHO prequalification.

Portfolio Pulse from Vandana Singh

October 04, 2024 | 4:46 pm

MFG

MUFG

SMFG

Japanese banking stocks are rising following Prime Minister Shigeru Ishiba's directive to compile a stimulus package.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 4:41 pm

CSLLY

GSK

SNY

The U.S. government has allocated $72 million to GSK, Sanofi, and CSL to increase bird flu vaccine production. This funding aims to double the U.S. supply of vaccines, with a target of 10 million doses by early 2025. The companies will produce extra vaccine components and ensure a steady supply of traditional flu vaccines.

Portfolio Pulse from Vandana Singh

October 04, 2024 | 4:31 pm

BMWKY

MBGAF

European automakers criticize the EU's decision to impose tariffs on Chinese EVs, arguing it harms competitiveness. Despite this, stocks of Mercedes-Benz and BMW rose. The EU aims to address subsidization issues with China, but member states are divided on the tariffs.

Portfolio Pulse from European Capital Insights

October 04, 2024 | 4:11 pm

BABA

BIDU

JD

LI

NIO

PDD

XPEV

Chinese stocks, including Alibaba, JD.com, and Nio, are experiencing gains due to anticipated stimulus measures from China's central bank. The stimulus aims to boost domestic spending and has already restored significant market value. E-commerce and electric vehicle stocks are expected to benefit, especially with the upcoming holiday shopping season.

Portfolio Pulse from Anusuya Lahiri

October 04, 2024 | 3:58 pm

SPY

The U.S. Supreme Court has decided not to pause the Environmental Protection Agency's (EPA) methane emissions rule, which was challenged by several states and industry groups. This decision allows the EPA's regulations on methane emissions to remain in effect.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 3:23 pm