Streetbeat News

Regulatory

CS

UBS

The Swiss National Bank (SNB) plans to implement measures to prevent future crises like the one experienced by Credit Suisse Group AG. In its 2023 financial stability report, SNB suggests banks should pledge a minimum amount of assets at central banks. UBS Group AG recently completed the acquisition of Credit Suisse.

Portfolio Pulse from Lekha Gupta

June 22, 2023 | 10:53 am

MNKD

MannKind has initiated the INHALE-3 study in adult patients with Type 1 diabetes, comparing A1c and mealtime control when switching from injectable insulin or pumps to inhaled insulin (Afrezza).

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:20 am

HAE

The FDA has approved Haemonetics' advancements to its NexSys PCS Plasma Collection System, including a new plasma collection bowl and new Express Plus technology engineered to reduce procedure time.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:17 am

IDYA

IDEAYA Biosciences reported the first case of a uveal melanoma patient spared enucleation in a Phase 1 neoadjuvant IST with Darovasertib monotherapy.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 10:03 am

AMZN

FDX

MSFT

The S&P 500 settled lower on Wednesday following comments from Federal Reserve Chair Jerome Powell, signaling potential additional rate hikes. All three major stock indexes recorded losses for the third consecutive session. FedEx reported better-than-expected earnings, while sales missed estimates. The Nasdaq 100 fell 1.35% amid losses in shares of Microsoft and Amazon.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 9:59 am

TSLA

Tesla has filed a US patent application #20230198455 for an interlocking Building-Integrated Photovoltaic (BIPV) roof tile with backer, aiming to improve solar energy generation and installation efficiency.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:52 am

PLTR

Palantir Technologies has filed a US patent application #20230196201 for systems and methods related to AI inference platforms and sensor correlation.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:43 am

NVO

VGK

Novo Nordisk shares are trading lower premarket after Denmark's B.T. reported that the European Medicines Agency (EMA) raised safety concerns over the company's Ozempic and Wegovy drugs, citing potential cancer risks.

Portfolio Pulse from Charles Gross

June 22, 2023 | 8:57 am

QQQ

SPY

Wells Fargo's head of equity strategy, Chris Harvey, believes the tech rally will continue until the Federal Reserve becomes more aggressive and breaks the economy. He compares the current market to the tech boom of 1999-2000, which ended due to tighter monetary policy. Harvey also notes that the US economy has been less rate-sensitive than expected.

Portfolio Pulse from Bhavik Nair

June 22, 2023 | 6:59 am

BTCUSD

Bitcoin (BTC) has crossed the $30,000 mark, returning to the 'greed buy zone' as investment companies like Fidelity, Invesco, Wisdom Tree, Valkyrie, and BlackRock apply for spot Bitcoin ETFs with the SEC. The Crypto Fear & Greed Index indicates a 'greed' mentality among investors, while 61,723 traders faced liquidation in the past 24 hours, totaling $215.77 million.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 6:45 am