Streetbeat News

Regulatory

PALI

Palisade Bio announced that it has received a European patent for 'Stable Neural Stem Cells Comprising An Exogenous Polynucleotide Coding For A Growth Factor And Methods Of Use Thereof'. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:53 pm

BTCUSD

ETHUSD

FXI

China's Central Television Network has announced that Hong Kong is now allowing retail investors to buy Bitcoin, signaling a quiet shift in China's stance on cryptocurrencies.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:48 pm

CRMT

In Wednesday's mid-day session, Minerva Surgical, EpicQuest Education Group, and Enveric Biosciences saw significant gains after receiving patents and signing agreements. Meanwhile, America's Car-Mart shares dropped by 11.8% following weak quarterly earnings.

Portfolio Pulse from Lisa Levin

May 24, 2023 | 4:48 pm

GM

GM shares are trading lower due to overall market weakness on debt ceiling concerns and potential impact from COVID cases in China.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:48 pm

F

Ford shares are trading lower due to overall market weakness on debt ceiling concerns and the recall of 175,000 vehicles over a seatbelt issue.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:35 pm

PHAT

Phathom Pharmaceuticals has resubmitted its FDA application for vonoprazan, an acid blocker for Erosive GERD, and raised $131M through an equity offering. The resubmission addresses concerns raised by the FDA in a Complete Response Letter.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 4:31 pm

C

Citigroup plans to pursue an IPO of its consumer, small business, and middle-market banking operations in Mexico, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 4:18 pm

ATVI

EWU

MSFT

Microsoft plans to file a formal appeal against the UK Competition and Markets Authority's (CMA) decision to block its $75bn takeover of Activision Blizzard. The deal has been approved in other jurisdictions, including the EU and China.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:16 pm

SPY

Federal Reserve Governor Christopher Waller stated that more loosening of the 'very tight' labor market is needed to help reduce high inflation. He expressed concerns about the lack of progress on inflation and mentioned that April PCE inflation and May CPI data will be critical.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:14 pm

SPY

Federal Reserve Governor Christopher Waller stated that he does not expect data in the next couple of months to indicate that the terminal interest rate has been reached. He also mentioned that he does not support stopping rate hikes unless there is clear evidence of inflation moving down to the 2% target.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:13 pm