Streetbeat News

Regulatory

UCAR

U Power Limited (NASDAQ:UCAR) shares surged after China announced a 520 billion yuan ($72.35 billion) tax break package for EVs and green energy vehicles to boost auto demand. The tax breaks include a purchase tax exemption of up to 30,000 yuan per vehicle for new energy vehicles (NEVs) purchased in 2024 and 2025, with reduced exemptions in 2026 and 2027.

Portfolio Pulse from Ryan Gustafson

June 21, 2023 | 8:00 pm

SO

Southern Company has secured an FAA waiver for autonomous beyond line of sight (BVLOS) dock operations in partnership with Skydio.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 7:59 pm

SPY

Atlanta Fed President Bostic stated that he does not foresee a rate cut for most of 2024, potentially impacting the stock market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 7:40 pm

CRON

Cronos Group shares are trading higher as cannabis stocks gain following Senate Majority Leader Schumer's reported confidence in the marijuana banking bill passing.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 7:37 pm

SPY

Federal Reserve Bank of Atlanta President Raphael Bostic stated that interest rates should remain unchanged for the rest of the year to avoid a significant economic downturn. He added that if the economy does not slow down, the Fed may have to reconsider its position on rates.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 7:37 pm

GSK

PFE

Pfizer's vaccine for elderly aged 60 and above showed slightly reduced efficacy after 18 months, according to clinical trial results. The CDC's Advisory Committee on Immunization Practices will vote on the recommendation for using new RSV vaccines from GSK and Pfizer.

Portfolio Pulse from Vandana Singh

June 21, 2023 | 6:52 pm

AMZN

GOOG

MSFT

Google has filed a complaint with the U.S. Federal Trade Commission accusing Microsoft of manipulating Office 365 licensing terms to lock customers into separate contracts with its Azure cloud server business. Microsoft is the second largest cloud provider after Amazon, with Google in third place.

Portfolio Pulse from Anusuya Lahiri

June 21, 2023 | 6:37 pm

SILO

Silo Pharma (NASDAQ:SILO) has been granted a new patent by the U.S. Patent and Trademark Office for its peptide-targeted liposomal delivery method for the treatment, diagnosis, and imaging of diseases and disorders. The patent covers the company's SPU-21 anti-arthritis drug, which has shown potential in inhibiting arthritic progression in preclinical animal models.

Portfolio Pulse from Jelena Martinovic

June 21, 2023 | 6:21 pm

AMZN

Amazon has stated that the FTC's claims regarding its Prime service are false on both facts and the law. The company is defending itself against allegations of anti-competitive practices.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 6:15 pm

SPY

Federal Reserve Bank of Atlanta President Raphael Bostic stated that the contagion feared from earlier bank failures has not materialized. This indicates a more stable financial environment.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 6:04 pm