Streetbeat News

Regulatory

LMDX

LumiraDx has received approval from the UK's CTDA for its COVID Ultra and COVID & RSV tests, which will allow the company to market and sell these products in the UK.

Portfolio Pulse from Bill Haddad

June 20, 2023 | 8:16 pm

QGEN

The FBI has approved QIAGEN's NGS-based ForenSeq MainstAY Workflow for the U.S. National DNA Index System. This will allow forensic laboratories to use the technology for DNA analysis in criminal investigations.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:11 pm

ZVSA

Zyversa Therapeutics announced a publication in the Journal of the American Heart Association, linking NLRP3 inflammasomes with calcification in arteries of patients with peripheral arterial disease.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:08 pm

ICU

SeaStar Medical has enrolled its first patient in the NEUTRALIZE-AKI pivotal clinical trial to evaluate the safety and efficacy of its Selective Cytopheretic Device (SCD) extracorporeal therapy in adults with acute kidney injury (AKI) requiring continuous kidney replacement therapy (CKRT). The trial follows the resolution of a supply-chain issue.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:08 pm

AMTX

GEVO

SPY

The U.S. Environmental Protection Agency (EPA) plans to finalize the 2023 biofuel blending volumes at 20.94 billion gallons, up from the 20.82 billion gallons proposed earlier, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:23 pm

AJRD

LHX

LMT

Lockheed Martin has raised concerns over L3Harris Technologies' acquisition of Aerojet Rocketdyne Holdings, citing lack of response to requests for access to rocket motors, fair pricing, and IP protections. Lockheed has approached the U.S. Defense Department and Federal Trade Commission for intervention.

Portfolio Pulse from Akanksha Bakshi

June 20, 2023 | 7:23 pm

BLK

FNF

SCHW

Josh Brown of Ritholtz Wealth Management believes that cryptocurrencies, particularly Bitcoin and Ethereum, are entering a new phase as institutional investors show interest. EDX Markets, a digital asset marketplace backed by Charles Schwab, Fidelity, and Citadel Securities, launched trading in select assets, targeting institutional traders. Additionally, BlackRock filed an application for the first spot Bitcoin ETF in the U.S.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 7:23 pm

XPEV

XPeng Inc's stock is trading lower by 3.08% after China's central bank cut its one-year loan prime rate and five-year rate to stimulate economic recovery. The easing measures were not as extensive as anticipated due to concerns regarding the property market.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 6:41 pm

MSFT

Microsoft shares are trading lower by 1.01% to $338.86, possibly due to the broader market reacting to last week's Fed decision. The Fed paused rate hikes but indicated two more 25-bps hikes this year. Microsoft recently reached an all-time high of $351.47, driven by better-than-expected Q3 results and AI-related momentum.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 6:40 pm

DNLI

Denali Therapeutics announced new interim results from its Phase 1/2 study of DNL310 IDS in children with MPS II (Hunter syndrome), showing a mean reduction of 64% in serum neurofilament light (NfL), a key biomarker of neurodegeneration. The FDA recently recommended assessing NfL as an exploratory endpoint for aneuronopathic MPS II.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 6:20 pm