Streetbeat News

Regulatory

SPY

Federal Reserve Chairman Jerome Powell has concluded a meeting with the New Democrat Coalition, a group of moderate Democrats in the US House of Representatives.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 5:43 pm

ARWR

Arrowhead Pharmaceuticals presented interim data from its Phase 2 GATEWAY study of ARO-ANG3, an RNAi therapeutic for homozygous familial hypercholesterolemia (HoFH). The company plans to initiate a Phase 3 study and meet with regulatory authorities in 2H 2023.

Portfolio Pulse from Vandana Singh

May 23, 2023 | 5:41 pm

SPY

White House negotiators spent two hours at the U.S. Capitol discussing the debt ceiling, according to a Punchbowl News reporter on Twitter.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 5:27 pm

RDFN

A recent study by Redfin Corp (NASDAQ:RDFN) reveals that it is now more costly to buy a home than to rent one in all but four major U.S. metros. The trend is attributed to stagnating home values in outlier metros, and the future direction of mortgage rates will determine the possibility of a shift back to a more balanced housing market.

Portfolio Pulse from AJ Fabino

May 23, 2023 | 5:14 pm

AAPL

EU competition regulators have appealed to the bloc's highest Court to override a lower tribunal and make Apple Inc (NASDAQ:AAPL) pay a record €13 billion ($14.3 billion) in Irish back taxes. The case is part of EU antitrust chief Margrethe Vestager's campaign against sweetheart deals between multinationals and European Union states.

Portfolio Pulse from Anusuya Lahiri

May 23, 2023 | 4:58 pm

CFG

Citizens Financial Group (CFG) has reached a settlement with the Consumer Financial Protection Bureau (CFPB) over billing errors and related issues by its unit Citizens Bank. The company has been fined $9 million for unlawful credit card servicing activities.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2023 | 4:58 pm

SPY

House Speaker Kevin McCarthy tweeted that he has been clear with the President about not raising taxes, stating that the problem is Washington's excessive spending.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 4:42 pm

TTOO

T2 Biosystems has initiated a restructuring plan, including laying off 30% of its workforce, and reported a 70% decline in Q1 revenues. The company is exploring strategic alternatives and has submitted a 510(k) premarket notification to the FDA for its T2Biothreat Panel.

Portfolio Pulse from Vandana Singh

May 23, 2023 | 4:41 pm

QQQ

SHY

SPY

TLT

The Federal Reserve will release the minutes of the May FOMC meeting, which may impact stocks and bonds if market expectations diverge from the Fed's reality. Investors will scrutinize the minutes for signs of divergence among FOMC members about the future path of interest rates. Assets such as SHY, TLT, SPY, and QQQ may experience volatility as a result.

Portfolio Pulse from Piero Cingari

May 23, 2023 | 4:34 pm

IDAI

T Stamp shares are trading higher after the company announced it has received a Notice of Allowance for an additional patent by the United States Patent and Trademark Office related to its AI-powered, tokenized-identity products.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 4:23 pm