Streetbeat News

Regulatory

VRTX

Vertex Pharmaceuticals presented data at the European Cystic Fibrosis Conference, demonstrating the long-term benefits of treatment with CFTR modulators, including TRIKAFTA. The interim analysis of the largest real-world study of TRIKAFTA showed sustained improvement in lung function, reduction in pulmonary exacerbations frequency, and lower rates of lung transplant and death for people with cystic fibrosis.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 3:02 pm

SPY

VGK

The US Justice Department has charged Russian nationals in connection with the hack of crypto exchange Mt. Gox and the operation of illicit crypto exchange BTC-E.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 3:00 pm

FXI

INTC

TSEM

Traders are circulating rumors that Intel may still gain conditional approval from China's antitrust authority for its $5.9B acquisition of Tower Semiconductor.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:49 pm

GE

General Electric (NYSE:GE) is in final talks with Hindustan Aeronautics Ltd. for a partnership to co-manufacture jet engines in India. The deal is expected to be signed during Indian Prime Minister Narendra Modi's visit to Washington, D.C. this month. GE has received approval from the U.S. government to transfer jet engine manufacturing technology to India.

Portfolio Pulse from Lekha Gupta

June 09, 2023 | 2:39 pm

QIWI

QIWI Plc, a payment and financial services company in Russia and the CIS, has been granted a request by the Nasdaq Hearings Panel to continue its listing on the Nasdaq Stock Market, subject to certain conditions.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:35 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) will cease support for Cardano (CRYPTO: ADA), Polygon (CRYPTO: MATIC), and Solana (CRYPTO: SOL) starting June 27th, 2023. Users can continue to trade and transfer these cryptocurrencies until the deadline, after which remaining coins will be sold at market value.

Portfolio Pulse from Jose Rodrigo Safdiye

June 09, 2023 | 2:35 pm

SIEN

Sientra announced FDA clearance for its AlloX2 Pro Tissue Expander, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 2:26 pm

SPY

The U.S. Chamber of Commerce has urged President Biden to intervene and appoint an independent mediator to address the labor dispute at West Coast ports, which is causing supply chain disruptions.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:21 pm

SPY

USO

Saudi Crown Prince Mohammed bin Salman privately threatened to sever ties and retaliate economically against the US after President Biden vowed to impose consequences on Saudi Arabia for slashing oil production last year. The US has not imposed consequences on Saudi Arabia, and the two countries continue to engage in high-level meetings.

Portfolio Pulse from Happy Mohamed

June 09, 2023 | 2:17 pm