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SPY

White House officials and House Speaker McCarthy's staff are resuming debt ceiling talks, according to a CNN reporter on Twitter.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:43 pm

SPY

The White House debt limit negotiating team has arrived at the Capitol to discuss raising the debt ceiling, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:34 pm

KROS

Keros Therapeutics presented clinical and preclinical data from its KER-012 program at the American Thoracic Society International Conference. The data showed potential for KER-012 to treat fibrosis and inflammation in patients with pulmonary arterial hypertension and cardiovascular disease.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:28 pm

SPY

Federal Reserve Bank of St. Louis President James Bullard stated that he does not anticipate any changes to the quantitative tightening (QT) policy any time soon, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:27 pm

SGMA

SigmaTron International, Inc. (SGMA) has regained compliance with Nasdaq Listing Rule 5250(c)(1) after filing its Form 10-Q for the quarterly period ended January 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:25 pm

XBIT

Xbiotech announces FDA authorization for a Phase II study of Natrunix in rheumatoid arthritis patients. This marks a significant milestone for the company's drug development program.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:16 pm

PYPD

PolyPid announced that the FDA has agreed on the design of the SHIELD II Phase 3 trial, which will evaluate D-PLEX₁₀₀ for the prevention of abdominal colorectal surgical site infections.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:15 pm

DLTR

IRWD

LDOS

MU

RKT

Micron Technology shares fell 4% due to Chinese cybersecurity concerns, while Rocket Companies may benefit from a potential pause in interest rate hikes. Dollar Tree is set to report quarterly results, Leidos Holdings remains unaffected by NASA's lunar lander contract, and Ironwood Pharmaceuticals offered to acquire VectivBio for $1 billion.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:15 pm

BTCUSD

Over the weekend, President Biden discussed the debt ceiling impasse, warning that a bipartisan deal is unlikely to be made solely on GOP terms. Hedge fund manager Hugh Hendry warned of increased risk in the banking sector due to the Fed's monetary policy. Minneapolis Fed President Neel Kashkari hinted at a slower pace for rate hikes. Invesco's Anna Paglia warned that the big tech rally could lose steam, and presidential candidate Robert Kennedy Jr. announced he will accept Bitcoin donations.

Portfolio Pulse from Shanthi Rexaline

May 22, 2023 | 1:10 pm