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Regulatory

SPY

VGK

NATO's Secretary General Jens Stoltenberg stated that the organization has not observed any changes in Russia's posture that would necessitate alterations in NATO's nuclear posture.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:20 pm

BTCUSD

ETHUSD

Binance's Cyprus unit has applied to deregister as a crypto asset service provider in Cyprus, according to the country's securities regulator website.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:18 pm

AMZN

GOOG

GOOGL

META

RUM

SNAP

SPY

A bipartisan bill in the US Senate aims to address TikTok security concerns without a ban by blocking companies from transferring Americans' personal data to countries like China. The bill, led by Senators Ron Wyden and Cynthia Lummis, would subject exports of US data to licensing requirements. It would apply to thousands of companies, including data brokers and social media firms.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:16 pm

REKR

AI technology company Rekor (NASDAQ:REKR) is revolutionizing traffic data collection and analysis with its AI roadway intelligence solutions. Rekor Discover software automates the capture of federally mandated traffic data, improving transportation systems and road safety. The Infrastructure Investment and Jobs Act prioritizes transportation efficiency and safety, positioning Rekor Discover at the forefront of traffic data collection and analysis.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 1:05 pm

TSLA

France is attempting to convince Tesla CEO Elon Musk to establish the company's next Gigafactory within its borders, aligning with the country's goal of becoming a major player in the electric vehicle industry. France has set a target of producing one million electric vehicles by 2027 and opened its first electric car battery factory this year.

Portfolio Pulse from Benzinga Newsbot

June 14, 2023 | 12:58 pm

EWQ

TSLA

TWTR

France is attempting to persuade Elon Musk to build Tesla's next Gigafactory in the country, according to the nation's digital minister, Jean-Noel Barrot. However, Barrot also warned that Musk's Twitter could face a ban in the EU if it does not comply with the upcoming Digital Services Act.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 12:57 pm

SPY

UUP

US Producer Price Index (PPI) fell 0.3% MoM in May, indicating deflation and raising expectations of a pause in the Fed's interest rate hike cycle. Treasury yields and the dollar declined, while S&P 500 futures remained mostly flat.

Portfolio Pulse from Piero Cingari

June 14, 2023 | 12:47 pm

LLY

MRK

PFE

Eli Lilly's CEO David Ricks raised concerns over the impact of Medicare price negotiations on drug development, specifically the Inflation Reduction Act provision. Merck filed a lawsuit against the Biden administration to weaken the Medicare price negotiation program, and Pfizer's CEO criticized the U.S. plans to negotiate drug prices.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 12:46 pm

AAPL

A Bank of America report suggests that Apple Inc. (NASDAQ:AAPL) may move 18% of its global iPhone production to India by 2025, due to the Indian government's production-linked incentive (PLI) scheme for mobile phones. The scheme could help India triple its domestic production to $126 billion and increase exports by five times to $55 billion by 2026.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 14, 2023 | 12:41 pm