Streetbeat News

Regulatory

PDSB

PDS Biotechnology announced achieving the efficacy threshold in stage 2 of the Versatile-002 trial evaluating PDS0101 and Keytruda in head and neck cancer. The company plans to submit an amended Investigational NDA to the FDA in Q3 2023 for the Versatile-003 trial.

Portfolio Pulse from Charles Gross

June 14, 2023 | 10:55 am

GOOG

GOOGL

VGK

EU antitrust regulators have charged Alphabet's Google with abusive practices in its digital advertising business, stating that only mandatory divestment of part of Google's adtech services would address competition concerns.

Portfolio Pulse from Charles Gross

June 14, 2023 | 10:51 am

EGRX

Eagle Pharmaceuticals has received FDA Qualified Infectious Disease Product (QIDP) and Fast-Track designation for CAL02, potentially extending exclusivity for five years. The company is also working on developing the patent estate to protect the intellectual property of this first-in-class therapy.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 10:51 am

AI

MSFT

VGK

EU lawmakers have agreed to changes in draft artificial intelligence rules, which could affect companies like Alphabet Inc (AI) and Microsoft (MSFT). The new rules aim to regulate AI applications and ensure they are used ethically.

Portfolio Pulse from Charles Gross

June 14, 2023 | 10:45 am

BTCUSD

U.S. Presidential candidate Robert Kennedy Jr. praised blockchain technology, Bitcoin, and entrepreneurs Elon Musk and Jack Dorsey for their commitment to democracy and free speech. Kennedy believes that blockchain technology, like that being developed by Nostr and Bitcoin, will be useful in creating censorship-proof social media sites.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 10:31 am

AMD

QQQ

SPY

TSLA

Stock futures are mixed ahead of the Federal Open Market Committee meeting, with the market pricing in a hawkish undertone at Chair Jerome Powell's post-meeting press conference. The resilience of the economy has been surprising, according to Chris Zaccarelli, Chief Investment Officer at Independent Advisor Alliance. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) gained, while Tesla (TSLA) and Advanced Micro Devices (AMD) shares also rose.

Portfolio Pulse from Shanthi Rexaline

June 14, 2023 | 10:08 am

ENSC

Ensysce Biosciences has regained compliance with the equity requirement in Nasdaq Listing Rule 5550(B)(10), as notified by Nasdaq on June 13.

Portfolio Pulse from Charles Gross

June 14, 2023 | 10:03 am

META

In an interview, former Twitter CEO Jack Dorsey disagreed with Elon Musk's views on AI regulation and praised Meta Platforms CEO Mark Zuckerberg's open-source approach to AI development. Dorsey emphasized the need for AI regulation but expressed concerns about regulators' current understanding of the technology.

Portfolio Pulse from Ananya Gairola

June 14, 2023 | 9:54 am

INTC

NVDA

TSLA

The S&P 500 closed higher on Tuesday as consumer price inflation eased to 4.0% in May. Investors await the Fed's interest rate decision on Wednesday. Intel shares rose 2.5% on reports of potential investment in Arm's IPO. The Nasdaq 100 rose 0.79% with gains in NVIDIA and Tesla shares.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 9:50 am

BABA

BIDU

FXI

JD

PDD

SPY

US-traded shares of Chinese stocks are lower after a report that a bipartisan group of US lawmakers plans to introduce a bill on Wednesday to eliminate tariff exemptions used by e-commerce sellers to send orders from China to US shoppers.

Portfolio Pulse from Charles Gross

June 14, 2023 | 9:38 am