Streetbeat News

Regulatory

MU

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Micron Technology's stock is trading lower after China banned some of its product sales due to cybersecurity concerns. Mainland China and Hong Kong accounted for 25% of Micron's $30.8 billion revenue in 2022.

Portfolio Pulse from Anusuya Lahiri

May 22, 2023 | 11:42 am

MU

DigiTimes reports that backend firms may experience a reduction in orders from Micron Technology (MU) following a ban in China.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:21 am

MU

Micron shares are trading lower after China's cyberspace regulator announced that the company's products failed its network security review, resulting in a ban from key infrastructure projects.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:16 am

SPY

Federal Reserve's Neel Kashkari stated that it's a close call on whether to raise or pause during the June meeting. He mentioned that it may be necessary to go north of 6%, but it's not clear.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:13 am

SPY

Minneapolis Fed President Neel Kashkari stated that there is little evidence of banking problems in the Minneapolis Fed District and no signs that banking stress is impacting inflation.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:12 am

NBSE

Neubase Therapeutics announced preclinical safety and efficiency data for its Stealth Editors Development Program, demonstrating gene editing with a non-immunogenic system.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:08 am

BCRX

BioCryst Pharmaceuticals announced that the Public Health Institute of Chile has approved its oral drug ORLADEYO for the prevention of hereditary angioedema attacks. This approval expands the drug's market reach.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:05 am

CNTA

The FDA has granted Fast Track designation to Centessa Pharmaceuticals' SerpinPC for the treatment of Hemophilia B. This designation will expedite the development and review process for the drug.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:03 am

SMR

The Biden Administration announced a global public-private commitment of up to $275M to advance NuScale VOYGRTM deployment in Romania at the G7 Leaders Summit. The US also issued Letters of Interest for up to $4 billion in project financing, supporting the SMR power plant project at the Doicesti site.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 10:58 am

AMD

INTC

MU

NVDA

Micron Technology shares fell sharply in premarket trading after China announced a ban on the company's products due to potential network security issues. Other chipmakers, including AMD, Nvidia, and Intel, also experienced declines in their share prices.

Portfolio Pulse from Shanthi Rexaline

May 22, 2023 | 10:57 am