Streetbeat News

Regulatory

PFE

Pfizer's Paxlovid has received FDA approval for use in adult patients at high risk of progression to severe COVID-19. This marks a significant milestone in the fight against the pandemic.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 3:22 pm

SPY

Federal Reserve Bank of Boston President Eric Rosengren warned that not raising the debt ceiling could be very damaging to the US economy. This could potentially impact the stock market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 3:20 pm

FRPT

JANA Partners, which owns 9.3% of Freshpet (NASDAQ: FRPT), has accused the company's board of violating Delaware law and fiduciary duties by making changes to the board's size and composition ahead of the contested 2023 annual meeting. JANA has demanded that the board rectify its corporate governance failures and allow shareholders to participate in a fair election of directors.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 3:14 pm

SPY

Fed's Collins states that the baseline outlook does not predict a significant economic downturn, but a modest increase in unemployment is possible. Inflation decline has been slower than expected.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 3:07 pm

CYBR

HACK

MSFT

Microsoft and Western intelligence agencies have accused a Chinese state-sponsored hacking group, Volt Typhoon, of spying on US critical infrastructure organizations and Guam. The group has been active since 2021 and targeted various industries, potentially disrupting critical communications infrastructure between the US and Asia.

Portfolio Pulse from Anusuya Lahiri

May 25, 2023 | 2:56 pm

SPY

Fed's Barkin states that the most stressed areas in the commercial real estate space are larger downtown buildings, experiencing significant pain. The Fed is currently in a test and learn situation to determine how slowing demand affects inflation.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 2:51 pm

GOOG

GOOGL

LPSN

MSFT

NVDA

OpenAI CEO Sam Altman stated that a moratorium on AI development is not the optimal approach, emphasizing the importance of responsible AI development and deployment.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:49 pm

FXI

SPY

U.S. Treasury's Adeyemo warns against over-reliance on any one country for supply chains and emphasizes the importance of derisking going forward.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:43 pm

FXI

SPY

U.S. Treasury's Adeyemo stated that the United States is not decoupling from China, emphasizing the importance of maintaining economic ties between the two countries.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:41 pm

SPY

Republican debt ceiling negotiator Graves announced that there are no plans for debt-limit negotiators to meet today, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 2:40 pm