Streetbeat News

Regulatory

CDTX

Cidara Therapeutics will present preclinical data on its CD73-targeting drug-Fc conjugate (DFC) CD421 and Cloudbreak platform at the Adenosine-Pathway Targeted Cancer Immunotherapy Summit. The company believes CD421 can serve as a beneficial alternative treatment option for cancer patients.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:04 pm

ABT

MDT

SRDX

The FDA has approved Surmodics Inc's SurVeil drug-coated balloon (DCB) for peripheral artery disease. Abbott Laboratories has exclusive worldwide commercialization rights for the SurVeil DCB, and Surmodics will receive a $27 million milestone payment from Abbott.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:54 pm

SPY

Fed Chair Jerome Powell is set to testify before Congress after the Federal Reserve paused interest rate hikes. The hearings will address the Fed's recent actions and policy decisions, including the impact of the failures of Silicon Valley Bank and Signature Bank.

Portfolio Pulse from Piero Cingari

June 20, 2023 | 1:42 pm

SPY

VGK

The Russian Foreign Ministry stated that the U.N. confirmed it cannot help reconnect Russian Agro Bank to the SWIFT payment system or restart the ammonia pipeline in the context of the Black Sea grain deal.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:37 pm

KHC

Kraft Heinz Co (KHC) has set a long-term organic net sales growth target of +2-3% according to a recent SEC filing.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:30 pm

GERN

Geron Corporation has submitted a New Drug Application (NDA) to the FDA for its first-in-class telomerase inhibitor, Imetelstat. The drug aims to treat patients with myelofibrosis, a rare bone marrow cancer.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:19 pm

ZYXI

Zynex, Inc. (NASDAQ:ZYXI) has received FDA clearance for its CM-1600 blood and fluid volume monitoring device. The non-invasive and wireless technology aims to improve patient outcomes in hospital settings. Zynex has three additional products in the pipeline and expects to submit an application for its laser-based pulse oximeter in Q4.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:16 pm

SPY

A bipartisan group of lawmakers is proposing a federal commission to develop a strategy for regulating artificial intelligence (AI). The commission would consist of 20 people from government, industry, civil society, and computer science, and would issue three reports over two years with recommendations for mitigating AI risks while protecting US tech innovation.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:08 pm

LEXX

Lexaria Bioscience Corp. has been granted four new patents, further strengthening its intellectual property portfolio. The patents cover various aspects of the company's DehydraTECH technology, which enhances the delivery of active pharmaceutical ingredients.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:07 pm

BABA

DB

EADSY

GOOGL

GRAB

HYMTF

NVDA

SPOT

Spotify plans to launch a more expensive subscription plan called 'Supremium' with high-fidelity audio. Grab Holdings plans to cut its workforce by 5%. Deutsche Bank applies for a digital asset custody license. Google is in talks with Indian suppliers to assemble Pixel smartphones. Chinese vendors bypass the US embargo to supply Nvidia AI chips. Alibaba names Eddie Wu as its new CEO. Hyundai unveils an $85B investment plan for EVs. Airbus confirms a 500 A320 aircraft order from IndiGo.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 1:07 pm