Streetbeat News

Regulatory

GSK

The European Commission has approved GSK's Respiratory Syncytial Virus (RSV) vaccine for active immunization in adults aged 60 and older. This marks the first RSV vaccine for older adults to receive European Marketing Authorisation, with launches planned ahead of the 2023/2024 RSV season.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:16 am

DRRX

DURECT Corporation has completed enrollment in its Phase 2b AHFIRM clinical trial investigating larsucosterol for the treatment of severe alcohol-associated hepatitis, reaching its target of 300 patients.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 10:02 am

MA

V

Lawmakers are introducing new legislation aimed at curbing fees charged by Visa and Mastercard. The proposed bill could potentially impact the revenues of both companies.

Portfolio Pulse from Charles Gross

June 07, 2023 | 9:32 am

COIN

CPB

GME

HOTH

UNFI

The CNN Money Fear and Greed index moved to the 'Extreme Greed' zone as US stocks closed slightly higher on Tuesday. Coinbase shares dropped 12% after SEC sued the company, while Hoth Therapeutics shares jumped 78% after announcing positive preclinical results for Alzheimer's treatment. Investors await earnings results from United Natural Foods, Campbell Soup Company, and GameStop.

Portfolio Pulse from Lisa Levin

June 07, 2023 | 7:47 am

IEF

Former IMF chief economist and Harvard professor Kenneth Rogoff believes the Federal Reserve will struggle to limit inflation at 2% in the current economic climate. He also expects interest rates and the yield on the 10-year Treasury note to rise, averaging above 4% for the rest of the decade.

Portfolio Pulse from Bhavik Nair

June 07, 2023 | 7:39 am

COIN

DOGEUSD

PEPEUSD

SHIBUSD

Meme coins inspired by the SEC and its chair Gary Gensler have gained significant momentum, beating Dogecoin, Shiba Inu, and Pepe coin in gains over the last 24 hours. This follows the SEC's recent lawsuits against crypto exchanges Coinbase and Binance.

Portfolio Pulse from Mehab Qureshi

June 07, 2023 | 7:19 am

BTCUSD

Senator Cynthia Lummis criticizes the SEC for failing to provide adequate legal guidance on security vs commodity classification for digital asset exchanges like Binance and Coinbase. She pushes for the Lummis-Gillibrand Responsible Financial Innovation Act to create a functional framework for the industry.

Portfolio Pulse from Mehab Qureshi

June 07, 2023 | 6:31 am

TSLA

Tesla has agreed in principle to the Indian government's proposal to assemble its electric vehicles in India and establish a local vendor base. The government plans to offer import concessions on necessary components until Tesla sets up its supply chain in India, similar to the smartphone incentive scheme offered to Apple.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 07, 2023 | 6:18 am

BTCUSD

COIN

Mark Cuban criticized the SEC for its inability to address financial scams on Twitter while accusing Coinbase of operating as an unregistered national securities exchange, broker, and clearing agency. Coinbase CEO Brian Armstrong is determined to fight the SEC lawsuit, while Bitcoin continues to trend upward despite the SEC's announcement of a second lawsuit against Coinbase.

Portfolio Pulse from Mehab Qureshi

June 07, 2023 | 5:43 am

UNG

GOP presidential candidate Tim Scott criticized President Joe Biden's policies, blaming them for rising inflation and gas prices. He called for tapping into America's natural resources to address the issue. The United States Natural Gas Fund, LP (NYSE:UNG) closed 0.49% higher on Tuesday.

Portfolio Pulse from Bhavik Nair

June 07, 2023 | 5:24 am