Streetbeat News

Regulatory

XOM

Guyana's Appellate Court has stayed an order requiring Exxon Mobil and its partners to provide an unlimited company guarantee for oil spills. The court now requires a $2 billion guarantee within 10 days, or the stay will be lifted.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 3:35 pm

USDCUSD

Circle Internet Financial, issuer of USD Coin (CRYPTO: USDC), has hired former CFTC Chair Heath Tarbert as its chief legal officer and head of corporate affairs. Tarbert's experience and connections are expected to help Circle navigate the challenging regulatory environment for cryptocurrencies in the United States.

Portfolio Pulse from Murtuza Merchant

June 08, 2023 | 3:33 pm

PDD

PDD Holdings Inc's shares are trading higher by 4.70% to $75.91, reversing Wednesday's weakness. The stock is benefiting from China's central bank reportedly telling major state-owned banks to decrease dollar deposit interest rates to support the yuan, following lackluster export data from China.

Portfolio Pulse from Henry Khederian

June 08, 2023 | 3:28 pm

BIIB

ESALY

Senator Bernie Sanders has urged the U.S. Department of Health and Human Services (HHS) to address the high cost of Eisai Co Ltd and Biogen Inc's Alzheimer's treatment Leqembi, calling its $26,500 annual price tag 'unconscionable'. Sanders suggested breaking the patent monopoly or restricting the amount paid by Medicare and Medicaid Services for the drug.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 3:27 pm

TSLA

Tesla recently highlighted the impact of federal tax credits on the starting price of its Model 3, bringing it down to $32,740. The announcement emphasizes the benefits buyers can take advantage of, including fuel and maintenance savings, as well as potential state and local incentives.

Portfolio Pulse from Benzinga EV Insights

June 08, 2023 | 3:26 pm

AKLI

Akili Inc (NASDAQ:AKLI) has released EndeavorOTC, a mobile video game treatment for adults with ADHD, which is clinically proven to improve attention and focus. The game is built on the same technology as EndeavorRx, the FDA-authorized video game treatment for children with ADHD. EndeavorOTC is now available without a prescription for adults 18 years and older nationwide.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 3:20 pm

ACAD

Acadia Pharmaceuticals announced that Nature Medicine published results from the Phase 3 LAVENDER trial, which evaluated the efficacy and safety of DAYBUE in patients with Rett syndrome. The study demonstrated statistically significant improvement compared to placebo, providing the basis for the first FDA-approved treatment for Rett syndrome.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 3:14 pm

GOVX

Geovax has received a Notice of Allowance for its U.S. Patent Application 17/368,761 titled 'Compositions and Methods for Generating an Immune Response to Hepatitis B Virus'.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 3:04 pm

GFS

INTC

STM

TSM

WOLF

The European Union has approved €8 billion in public funds for semiconductor research projects, backed by €13.7 billion in private funding. Companies like Intel, Infineon Technologies, STMicroelectronics, GlobalFoundries, and Wolfspeed have invested in the projects, while Taiwan Semiconductor Manufacturing Company is considering building a production site in Germany.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 2:54 pm

EWC

SPY

U.S. Senate Majority Leader Schumer has called on the Forest Service and Agriculture Secretaries to double personnel available to mitigate the effects of Canadian wildfires.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 2:23 pm