Streetbeat News

Regulatory

FXI

MU

Micron Technology reports that the impact of the May 21 conclusion by the Cybersecurity Administration of China on its business remains uncertain and fluid. The company's long-term goal is to retain its worldwide DRAM and NAND share.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:34 pm

AMZN

BABA

BIDU

INTC

IRBT

MU

The UK's CMA cleared Amazon's purchase of iRobot, Intel announced a $4.6 billion investment in Poland, and Baidu secured a license for autonomous ride-hailing in Shenzhen. Micron plans to invest $600 million in a Chinese chip-packaging plant despite restrictions, and Alibaba plans a major European push with Tmall.

Portfolio Pulse from Vandana Singh

June 16, 2023 | 1:33 pm

SPY

U.S. Secretary of State Blinken announced that the U.S. is providing $205 million in additional humanitarian assistance for the people of Ukraine, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 16, 2023 | 1:31 pm

FXI

SPY

U.S. Defense Secretary Lloyd Austin stated that the door is open for military dialogue with China, encouraging them to pick up the phone anytime. This could potentially ease tensions between the two countries.

Portfolio Pulse from Happy Mohamed

June 16, 2023 | 1:28 pm

BIDU

Baidu has obtained licensing for commercial operation of its fully driverless ride-hailing service in Shenzhen, expanding its nationwide operations. Apollo Go robotaxis will operate daily across 188 square kilometers in Shenzhen. The company has provided over 2 million rides by Q1 2023, making it the world's largest autonomous ride-hailing service provider.

Portfolio Pulse from Happy Mohamed

June 16, 2023 | 1:22 pm

SANA

Sana Biotechnology presented preclinical data at the ISSCR 2023 Annual Meeting, highlighting the potential of its hypoimmune and fusogen platforms in cell therapy and treatment of type 1 diabetes. The data demonstrated the ability of HIP-modified cells to evade immune detection and deliver genetic payloads to human hematopoietic stem/progenitor cells.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:08 pm

SPY

Fed Governor Waller expressed concerns over the lack of movement in core inflation, suggesting that further tightening may be required to address the issue.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:06 pm

META

Meta Co has announced that its Covid-19 misinformation rules will no longer be in effect globally, but will continue to remove content violating these policies in countries with Covid emergency declarations.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:06 pm

SPY

Fed Governor Waller stated that core inflation is not decreasing as expected, which may influence the Federal Reserve's monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 1:05 pm

BNTX

MRNA

NVAX

PFE

The FDA has recommended updated monovalent COVID vaccines targeting the XBB variants for the fall and winter. Pfizer, Moderna, and Novavax are gearing up to produce vaccines targeting the XBB.1.5 strain.

Portfolio Pulse from Vandana Singh

June 16, 2023 | 12:52 pm