Streetbeat News

Regulatory

LATG

LatAmGrowth SPAC (LATG) has received a Nasdaq notification of noncompliance with Listing Rule 5250(c)(1). The company has 60 days, until July 24, 2023, to submit a plan to regain compliance with Nasdaq's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:03 pm

MRTX

Mirati Therapeutics will present encore data at the 2023 ASCO Annual Meeting, demonstrating adagrasib's potential as a targeted treatment for KRASG12C-mutated advanced solid tumors. The data follows the recent inclusion of adagrasib in NCCN Guidelines for PDAC and CNS Cancers.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 8:02 pm

SPY

President Biden is in talks with Democratic members of Congress, including both progressives and moderates, regarding the debt ceiling.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 8:01 pm

MCRB

Seres Therapeutics has received a $125M milestone payment from Nestlé Health Science following the FDA approval of VOWST. This payment is part of their ongoing collaboration to develop microbiome-based therapies.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 8:00 pm

ASXC

Asensus Surgical has received a Notice of Allowance for its U.S. patent application 16/932,654 titled 'Compact Actuation Configuration and Expandable Instrument Receiver for Robotically Controlled Surgical Instruments'.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 8:00 pm

TCNNF

Florida Attorney General Ashley Moody submitted an initiative to legalize adult-use cannabis to the state Supreme Court. Trulieve Cannabis Corp. (OTCQX:TCNNF) has invested at least $30 million into the Smart & Safe Florida campaign, which has collected enough signatures to qualify the initiative for the state's 2024 ballot.

Portfolio Pulse from Jelena Martinovic

May 30, 2023 | 7:59 pm

SPY

White House Budget Director Young urges Congress to pass the U.S. debt ceiling deal, which could impact the financial markets.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:22 pm

SPY

U.S. Senate Majority Leader Chuck Schumer announced his support for a debt limit deal, potentially averting a government default.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:21 pm

SPY

U.S. Treasury's Adeyemo stated in an MSNBC interview that the debt ceiling deal is a 'good faith' compromise, preventing a debt default. Congress must act by June 5 to raise the federal debt ceiling.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 7:19 pm

SOFI

SoFi Technologies (NASDAQ:SOFI) stock is surging due to a tentative debt limit agreement that could reinstate student loan payments and interest accrual by the end of August. The deal would also suspend the debt limit until early 2025.

Portfolio Pulse from Ryan Gustafson

May 30, 2023 | 7:14 pm