Streetbeat News

Regulatory

TSLA

Tesla shares are trading higher after China's cabinet announced plans to extend and optimize its purchase tax exemption for new energy vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 2:23 pm

AMZN

DIS

NFLX

Netflix, Amazon, and Disney are exploring ways to bypass India's new tobacco warning rules, which require streaming platforms to insert health warnings during smoking scenes and anti-tobacco disclaimers. The companies fear business impact and higher costs.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:19 pm

SOFI

SoFi Technologies stock is down as the Senate clears the debt ceiling bill, which terminates the pause on student loan repayments. CEO Anthony Noto highlighted challenges individuals face, such as surging education costs, stagnant wages, and unaffordable housing.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:14 pm

SPY

VGK

U.S. National Security Adviser Sullivan announced that the U.S. is ready to engage with Russia to manage nuclear risks and develop post-New START arms control. This could potentially affect the SPY and VGK ETFs.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 1:41 pm

SPY

President Biden commented on the jobs data, stating that the U.S. debt ceiling bill will continue to help the economy and he looks forward to signing it into law.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 1:40 pm

TGTX

TG Therapeutics announced that data from the ULTIMATE I & II Phase 3 trials of BRIUMVI in multiple sclerosis will be presented at the 2023 Consortium of Multiple Sclerosis Centers Meeting.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 1:17 pm

GM

STLA

General Motors (GM) and Stellantis (STLA) have paid $128.2M and $235.5M respectively in fuel economy penalties to the U.S. government.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 1:15 pm

FXI

SPY

U.S. Defense Secretary Austin and China's Minister of National Defense Li had a brief encounter in Singapore, shaking hands but not engaging in a substantive exchange.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 1:06 pm

NKE

S

T

TQQQ

XPEV

AT&T's stock traded lower due to Amazon's talks with mobile carriers for low-cost service to Prime subscribers. Nike's shares rose in sympathy with Lululemon's strong Q1 results. XPeng gained on China's tax exemption extension for new energy vehicles. TQQQ gained amid tech sector strength and debt limit bill passage. SentinelOne's shares fell after weak Q2 guidance and analyst downgrades.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 1:01 pm

LI

NIO

XPEV

Chinese EV stocks are trading higher after a report indicated that China's cabinet plans to extend and optimize its purchase tax exemption for new energy vehicles.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:54 pm