Streetbeat News

Regulatory

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Ross Gerber, CEO of Gerber Kawasaki, believes inflation is dead and the Federal Reserve's rate hiking cycle will end. May's Consumer Price Index rose 4% annually, the lowest in two years. Wall Street reacted positively, with the Nasdaq Composite and S&P 500 gaining, while the bond market remains cautious.

Portfolio Pulse from Bhavik Nair

June 14, 2023 | 1:34 am

COPX

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Copper prices surged over 2%, hitting one-month highs, driving the Global X Copper Miners ETF (COPX) up by 2.6%. The rise is attributed to China's fiscal shift, with the PBOC cutting the seven-day reverse repurchase rate by 10 basis points. Copper mining stocks, including FCX, FLMMF, ERO, and SCCO, experienced significant gains.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 9:10 pm

IVA

Inventiva's Phase II clinical trial for Lanifibranor in patients with T2D and NAFLD showed a favorable safety and tolerability profile, achieving a 44% reduction in hepatic fat and meeting multiple secondary metabolic endpoints.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 9:06 pm

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The Federal Reserve is expected to hold interest rates steady at the 5%-5.25% range during the June FOMC meeting. Investors will focus on Fed Chair Jerome Powell's comments and the Fed's median interest rate projections for 2023 and 2024. Market reactions will depend on whether the Fed adopts a dovish or hawkish stance.

Portfolio Pulse from Piero Cingari

June 13, 2023 | 9:03 pm

IVA

Inventiva announced that Lanifibranor 800mg achieved the primary efficacy endpoint in a Phase II clinical trial, showing a 44% reduction of Intra Hepatic Triglycerides in patients with NAFLD and T2D. This result is consistent with the Phase IIb NATIVE trial findings.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 9:02 pm

CTLT

Catalent has regained compliance with the NYSE continued listing standards, receiving official written notification from the NYSE.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:55 pm

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Binance is reportedly close to reaching a deal with the SEC to avoid a full asset freeze, according to Bloomberg. This development could have implications for the cryptocurrency market and related stocks such as Coinbase (COIN).

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:50 pm

UNIUSD

Uniswap Labs has revealed a sneak peek into the draft code of Uniswap V4, introducing an innovative feature called 'hooks' or plugins. This feature allows developers to design tailor-made liquidity pools and enables on-chain limit orders, automated deposits to lending protocols, and auto-compounded liquidity provider fees.

Portfolio Pulse from Murtuza Merchant

June 13, 2023 | 8:36 pm

CACO

Caravelle (CACO) has received a Nasdaq notification regarding minimum bid price deficiency. The company has 180 days, until December 4, 2023, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:35 pm

RVYL

Ryvyl has been notified by Nasdaq that it has not regained compliance with Rule 5550(a)(2), according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:29 pm