Streetbeat News

Regulatory

QQQ

SPY

Traders are pricing in limited upside for SPY and QQQ ETFs next week as the market awaits the Federal Reserve's June policy decision and inflation data release. Options data indicates limited upside and potential support and resistance levels for both ETFs.

Portfolio Pulse from Bhavik Nair

June 09, 2023 | 11:07 am

ABNB

EWQ

France plans to close a tax loophole benefiting Airbnb by 2023, according to Finance Minister Bruno Le Maire. This move could potentially impact Airbnb's revenues in the country.

Portfolio Pulse from Charles Gross

June 09, 2023 | 11:04 am

CS

UBS

UBS Group AG has signed a loss protection agreement with the Swiss government following its acquisition of Credit Suisse Group AG. The deal states that UBS will handle potential losses of the first CHF 5 billion, and the Swiss government will cover losses of the next CHF 9 billion. UBS will also pay the Swiss government a guarantee fee.

Portfolio Pulse from Lekha Gupta

June 09, 2023 | 10:49 am

META

RBLX

Louisiana lawmakers passed a bill, HB61, prohibiting minors from creating social media accounts without parental consent. The bill could affect platforms like Meta Platforms' Instagram and Roblox Corporation's online games. Other states like Utah, Arkansas, and California have also considered similar regulations.

Portfolio Pulse from Ananya Gairola

June 09, 2023 | 10:29 am

RIDE

Lordstown Motors received a written notice from Nasdaq's Listing Qualifications Department on June 7, stating that the matters raised in Nasdaq's April 19 letter regarding minimum bid price requirement were now closed.

Portfolio Pulse from Charles Gross

June 09, 2023 | 10:10 am

KROS

Keros Therapeutics presented additional data from its ongoing Phase 2 trial of KER-050 in patients with myelodysplastic syndromes and preclinical data showing KER-050 to restore erythropoiesis in myelofibrosis. The company also announced preclinical data evaluating ALK2 inhibition and its combination with KER-050 as potential treatment options for anemia of inflammation.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 10:03 am

AMZN

DISH

T

Dish Network is reportedly desperate to raise funds to meet the 5G deadline, according to the NY Post. The company may seek partnerships or sell assets to generate the required capital.

Portfolio Pulse from Charles Gross

June 09, 2023 | 9:39 am

BIDU

Baidu, Inc. has announced the launch of its RMB counter, effective on June 19, 2023. The company will become a security with counters denominated in HKD and RMB, designated as a dual counter security by the Stock Exchange.

Portfolio Pulse from Charles Gross

June 09, 2023 | 9:12 am

AZN

AstraZeneca announced positive results from the Phase III ALPHA trial of danicopan as an add-on to Ultomiris or Soliris, showing a significant increase in haemoglobin levels and maintained disease control in patients with PNH experiencing EVH. The data was presented at the EHA Annual Meeting in Frankfurt.

Portfolio Pulse from Charles Gross

June 09, 2023 | 8:51 am

IMGN

ImmunoGen Inc. announced updated data from an interim analysis of the Phase 2 CADENZA trial of pivekimab sunirine in patients with BPDCN. The data will be presented at the EHA 2023 Congress in Frankfurt, Germany.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 7:27 am