Streetbeat News

Regulatory

SPY

VGK

US Secretary of State Antony Blinken announced that he will reveal more assistance for Ukraine tomorrow. This news may impact the SPY and VGK ETFs.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 1:04 pm

F

GM

HYMTF

TSLA

Hyundai Motor Company is considering joining Tesla's North American Charging Standard (NACS) alliance, which has been adopted by General Motors and Ford. Tesla's Superchargers make up 60% of total available U.S. fast chargers. By opening its charging network to other brands, Tesla could qualify for $7.5 billion in subsidies.

Portfolio Pulse from Shivani Kumaresan

June 20, 2023 | 1:02 pm

TAK

Takeda presented full data from its Phase 3 ADVANCE-CIDP 1 clinical trial at the 2023 Peripheral Nerve Society Annual Meeting, showing that HYQVIA significantly reduced relapse rate and delayed time to relapse compared to placebo when used as a maintenance therapy in adult patients with CIDP.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:47 pm

F

GM

US lawmakers are urging General Motors (GM) and Ford (F) to reduce their dependence on China, particularly for electric vehicle batteries. The $430 billion Inflation Reduction Act aims to dissociate US EV production from Chinese supply chains through new conditions on EV tax credits.

Portfolio Pulse from Shivani Kumaresan

June 20, 2023 | 12:44 pm

DB

Deutsche Bank has formally requested regulatory approval from BaFin to provide custody services for cryptocurrencies and other digital assets. This move is part of the bank's broader initiative to boost revenue within its corporate banking sector and reflects similar efforts within its investment subsidiary, DWS Group.

Portfolio Pulse from Murtuza Merchant

June 20, 2023 | 12:39 pm

TSLA

Indian Prime Minister Narendra Modi is set to meet Tesla CEO Elon Musk during his state visit to the United States, fueling speculations about a potential new Tesla factory in India. The meeting's agenda remains undisclosed.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 20, 2023 | 12:36 pm

VCYT

Veracyte (NASDAQ: VCYT) announced new data at ENDO 2023 suggesting its Afirma molecular testing can advance the understanding of thyroid nodule biology. The data also confirms the analytical validity of the company's TERT promoter gene mutation testing for thyroid nodule patients.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:36 pm

SGEN

Seagen Inc. announced that a phase 3 trial of ADCETRIS in combination with chemotherapy met its co-primary endpoints of non-inferior efficacy and superior tolerability versus the international standard eBEACOPP therapy in advanced classical Hodgkin lymphoma. The trial showed a 94.9% 3-year progression-free survival rate for patients treated with the ADCETRIS combination.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:34 pm

CTXR

Citius Pharmaceuticals announced positive results from the Phase 2b study of Halo-Lido for hemorrhoid treatment, showing a significant reduction in symptom severity. The company has selected the dose for the Phase 3 trial and plans to schedule an end of Phase 2 meeting with the FDA.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:32 pm

OWLT

Owlet has announced FDA clearance for its BabySat prescription pulse oximetry sock for infants, which will help monitor oxygen levels and heart rate in newborns.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:32 pm