Streetbeat News

Regulatory

TSLA

Tesla has been granted U.S. Patent #11686384 for a method of making an electric drive unit having a gear shaft and rotor shaft with three bearings, potentially improving the efficiency and durability of its electric vehicles.

Portfolio Pulse from Charles Gross

June 27, 2023 | 9:25 am

GSK

The FDA has granted Fast Track designation for GSK's Neisseria Gonorrhoeae investigational vaccine, which is currently in Phase 2 trial and aims to assess the efficacy of the vaccine in healthy adults considered at risk of gonorrhea.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 9:04 am

IMMP

Immutep Limited has been granted a third US patent (number 11,684,654) for Eftilagimod Alpha in combination with a PD-1 pathway inhibitor. This follows the grant of the parent patent and first divisional patent announced in December 2020 and March 2021.

Portfolio Pulse from Charles Gross

June 27, 2023 | 8:48 am

AZN

AstraZeneca's Xigduo XR has received approval from China's National Medical Products Administration for use in adults with type-2 diabetes as an adjunct to diet and exercise to improve glycemic control.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 8:25 am

SNY

Sanofi announced that its Phase 2B (STREAM-AD) study of Amlitelimab in adults with moderate-to-severe atopic dermatitis met its primary endpoint.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 8:23 am

SHY

VGSH

Traders are unwinding bets on a Federal Reserve rate cut this year following Fed Chair Jerome Powell's hawkish stance. Options open interest declined sharply, indicating a pull-back from rate-cut bets. Powell suggested a possible 50 basis points rate hike this year and reiterated the central bank's commitment to a 2% inflation target.

Portfolio Pulse from Bhavik Nair

June 27, 2023 | 7:46 am

VRNA

Verona Pharma has submitted a New Drug Application (NDA) to the US FDA for approval of ensifentrine, a maintenance treatment for patients with chronic obstructive pulmonary disease (COPD).

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 7:24 am

QQQ

SPY

Billionaire venture capitalist Chamath Palihapitiya believes the US economy will more likely see a soft landing, enduring a few more rate hikes in 2023 and setting up for a sustained forward-looking rally. His comments come amid concerns about extended rate hikes by central banks and a potential recession. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) closed lower on Monday.

Portfolio Pulse from Bhavik Nair

June 27, 2023 | 5:36 am

ETHUSD

XMRUSD

A popular fan game, Super Mario 3: Mario Forever, has been weaponized by a hacking group to harbor malware that hijacks users' crypto wallets. The installer contains malicious software that steals user data and installs a resource-intensive crypto mining software. The malware targets well-known wallets, including Ethereum (CRYPTO: ETH), Bytecoin, and Zcash.

Portfolio Pulse from Mehab Qureshi

June 27, 2023 | 4:25 am

BNO

VDE

Oil prices rose amid geopolitical concerns surrounding Russia and potential supply disruptions. Jim Cramer advised against betting on oil prices going much higher, citing Russia's transactional friendships with China and India. Oil prices were also held back by concerns of extended rate hikes by central banks and fears of a subsequent recession.

Portfolio Pulse from Bhavik Nair

June 27, 2023 | 4:20 am