Streetbeat News

Regulatory

AZN

AstraZeneca announced that the Phase IV trial of Andexxa, a drug for patients on oral FXa-inhibitor treatment, will be stopped early after achieving pre-specified criteria on haemostatic efficacy versus usual care.

Portfolio Pulse from Charles Gross

June 05, 2023 | 9:04 am

QQQ

SPY

IMF Managing Director Kristalina Georgieva believes the Federal Reserve may need to implement more rate hikes due to the absence of a significant slowdown in lending and a resilient U.S. jobs report. Wall Street is currently focused on the debt ceiling crisis, with the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) recording gains on Friday.

Portfolio Pulse from Bhavik Nair

June 05, 2023 | 7:31 am

BTCUSD

ETHUSD

Richard Teng, head of all regional markets outside the US for Binance, is reportedly a possible successor to CEO Changpeng Zhao, who is facing regulatory scrutiny from multiple countries. Teng has played a significant role in Binance's expansion and regulatory milestones.

Portfolio Pulse from Mehab Qureshi

June 05, 2023 | 5:20 am

GOOG

GOOGL

MSFT

Elon Musk clarified his stance on AI adoption, stating that he doesn't support a headlong rush into Artificial General Intelligence without considering the consequences. Tech leaders, including Musk, Sundar Pichai, and Sam Altman, have called for AI safety protocols and policy frameworks for AI regulations.

Portfolio Pulse from Ananya Gairola

June 05, 2023 | 4:35 am

TSLA

All Tesla Model 3 variants now qualify for a $7,500 EV tax credit, up from the previous $3,750 for the Rear-Wheel Drive and Long Range versions. The change comes after the U.S. Treasury Department issued new guidance on battery sourcing in March.

Portfolio Pulse from Anan Ashraf

June 05, 2023 | 3:04 am

COP

Democratic Presidential candidate Marianne Williamson pledges to cancel ConocoPhillips' (NYSE:COP) Willow Project, a massive oil drilling venture in Alaska, if elected. She also promises to withdraw permission for the export of liquefied natural gas and focus on transitioning to a clean economy.

Portfolio Pulse from Bhavik Nair

June 05, 2023 | 2:54 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, traded flat on Sunday evening amid inflation fears and political turmoil over the US debt ceiling. Analysts predict a potential drop in the altcoin markets, while on-chain analytics firm Santiment suggests Ethereum could be on its way to $2,000 if the profit-taking transactions ratio decreases.

Portfolio Pulse from Mehab Qureshi

June 05, 2023 | 2:35 am

AAPL

GM

JPM

MCHI

NVDA

PFE

SBUX

TSLA

Several US corporate CEOs have visited China in recent months, following the country's reopening amid the COVID-19 pandemic. These visits aim to explore market opportunities and strengthen business ties in the country.

Portfolio Pulse from Shanthi Rexaline

June 04, 2023 | 3:46 pm

REPL

Replimune Group presented updated data from the IGNYTE clinical trial's anti-PD1 failed melanoma cohort and the ongoing Phase 1 trial of RP2 combined with nivolumab in uveal melanoma patients at the ASCO annual meeting.

Portfolio Pulse from Charles Gross

June 03, 2023 | 6:43 pm

JNJ

Janssen Pharmaceutical, a subsidiary of Johnson & Johnson, announced positive results from the Phase 1b RedirecTT-1 study of TECVAYLI and talquetamab, showing a 96% overall response rate in patients with relapsed or refractory multiple myeloma. The data was presented at the 2023 ASCO Annual Meeting.

Portfolio Pulse from Charles Gross

June 03, 2023 | 6:40 pm