Streetbeat News

Regulatory

AMZN

The Federal Trade Commission (FTC) is seeking unspecified civil penalties from Amazon and an injunction to prevent future violations, according to a court filing.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:28 pm

BGNE

Beigene Ltd (NASDAQ:BGNE) shares are trading lower by 3.41% to $185.03 on downward momentum following Tuesday weakness. The decline is attributed to China's central bank cutting its one-year loan prime rate and five-year rate to stimulate the country's economic recovery.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 2:28 pm

SPY

Federal Reserve Chair Jerome Powell stated that it may be reasonable to increase interest rates at a more moderate pace, with a possible pause in June and a higher dot plot being 'entirely consistent'.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:28 pm

SPY

Federal Reserve Chairman Jerome Powell has begun delivering his prepared remarks to the House Financial Services Committee, addressing the current state of the US economy and monetary policy.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:19 pm

ALDX

Aldeyra Therapeutics received an FDA complete response letter for ADX-2191 (methotrexate for injection) for primary vitreoretinal lymphoma, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 2:19 pm

SPY

U.S. Congressman Patrick McHenry suggests that lawmakers should consider stripping the Federal Reserve of its supervisory power, potentially impacting the financial sector and related ETFs like SPY.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:16 pm

ATOS

Atossa Therapeutics (NASDAQ: ATOS) has been granted a new patent (No. 11,680,036) by the USPTO for enterically encapsulated endoxifen compositions formulated as a suspension. The patent covers all liquid suspension formulations suitable for oral administration and pediatric applications.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:15 pm

SPY

The Federal Reserve's Semi-Annual Monetary Policy Report is being live-streamed, discussing the current state of the economy and potential policy changes.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 2:08 pm

AMZN

The Federal Trade Commission (FTC) has accused Amazon of tricking consumers into automatically renewing their Prime subscriptions without proper consent. The FTC is seeking refunds for affected customers.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:07 pm

AMZN

The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, accusing the company of enrolling millions of consumers into Amazon Prime without their consent and sabotaging their attempts to cancel the service.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:06 pm