Streetbeat News

Regulatory

SPY

President Biden is considering using the 14th Amendment to lift the debt ceiling, stating he believes he has the authority to do so.

Portfolio Pulse from Charles Gross

May 21, 2023 | 11:34 am

SPY

President Biden expressed his belief in reaching an agreement with Republicans on spending cuts and tax revenues. This could potentially impact the overall market sentiment.

Portfolio Pulse from Charles Gross

May 21, 2023 | 11:33 am

SPY

The White House stated that the Republican offer on Friday was a significant step back and contained extreme partisan demands, according to Reuters.

Portfolio Pulse from Charles Gross

May 20, 2023 | 11:19 pm

SPY

House Speaker McCarthy stated that the White House has moved backward in debt ceiling talks, raising concerns over the US government's ability to avoid a default.

Portfolio Pulse from Charles Gross

May 20, 2023 | 10:32 pm

TEVA

Teva Pharmaceuticals will present data at the American Psychiatric Association's 2023 Annual Meeting, demonstrating that UZEDY, an extended-release injectable suspension, significantly prolonged time to impending relapse for adults with schizophrenia. The FDA approved UZEDY on April 28, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2023 | 7:49 pm

ALNY

Alnylam Pharmaceuticals announced 18-month results from the APOLLO-B Phase 3 study of patisiran, an investigational RNAi therapeutic for ATTR amyloidosis with cardiomyopathy. The results showed sustained benefits in functional capacity, health status, and quality of life, as well as cardiac stress and injury. The safety profile remained consistent with the 12-month double-blind period, with no new safety findings.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2023 | 7:48 pm

ABT

Abbott announced that its AVEIR DR i2i IDE study, the first prospective study on the safety and performance of the world's first dual-chamber leadless pacemaker, met all three primary safety and performance endpoints. The data has been submitted to the FDA for approval of the AVEIR DR device.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2023 | 7:45 pm

DIS

WBD

Florida Governor Ron DeSantis is in conflict with Walt Disney Co. (NYSE:DIS) over undisclosed issues, while Warner Bros. Discovery's (NASDAQ:WBD) 'The Last of Us' Season 2 is on indefinite hiatus due to the ongoing writers' strike.

Portfolio Pulse from Anthony Noto

May 20, 2023 | 12:48 pm

JPM

Republican attorneys general from 19 states have accused JPMorgan Chase & Co of discriminating against clients and closing bank accounts without warning based on religious or political beliefs. The attorneys general have called on the bank to publicly disclose its internal policies on account closures. JPMorgan has refuted the allegations and declined to address details of individual accounts.

Portfolio Pulse from Bibhu Pattnaik

May 20, 2023 | 12:32 pm

AAPL

Apple released its first-ever App Store Transparency Report, revealing 1.7 million apps, 373 million weekly searches, and app rejections. The report comes as part of a $100 million settlement with App Store developers and amid pressure to allow third-party app stores on iPhones and iPads.

Portfolio Pulse from Ananya Gairola

May 20, 2023 | 10:48 am