Streetbeat News

Regulatory

PLTR

Palantir Technologies CEO Alex Karp discussed the future of AI and large language models at the 2023 Copenhagen Democracy Summit, emphasizing their potential impact on businesses, battlefields, and the global economy. Karp highlighted the advancements in AI occurring predominantly in the US and warned against underestimating adversaries like China and Russia.

Portfolio Pulse from Michael Cohen

May 18, 2023 | 8:50 pm

PFE

FDA advisers have stated that data supports the safety of Pfizer's RSV vaccine for pregnant women to prevent disease in infants up to 6 months of age.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 8:49 pm

DXJ

The G7 summit in Hiroshima, Japan, will focus on global geopolitical challenges, including the Ukraine war, Taiwan, North Korea's nuclear threat, and China's unfair practices. The leaders will also discuss artificial intelligence and its potential misuse. The WisdomTree Japan Hedged Equity Fund (NYSE:DXJ) is trading at an all-time high as the conference approaches.

Portfolio Pulse from Piero Cingari

May 18, 2023 | 8:25 pm

MRNA

Health Canada has authorized Moderna's Spikevax BA.4/5 bivalent COVID-19 vaccine for use as a booster dose in children and adolescents aged 6-17 years.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 8:05 pm

STSA

Satsuma Pharmaceuticals' 505(b)(2) NDA for STS101, a novel migraine treatment, has been accepted for review by the FDA. Satsuma is in the process of being acquired by Shin Nippon Biomedical Laboratories, with a tender offer expiring on June 5, 2023.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 8:03 pm

SPY

U.S. Senate Majority Leader Schumer announced that the Senate will be prepared to return within 24 hours.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 7:55 pm

DIS

Disney (NYSE:DIS) has withdrawn its $864 million investment in a new Florida corporate campus, relocating over 2,000 employees, amid tensions with Florida Governor Ron DeSantis. The Lake Nona project was seen as a key factor for investment and job creation in Orange County, Florida.

Portfolio Pulse from Michael Cohen

May 18, 2023 | 7:53 pm

META

SNAP

TikTok has resumed hiring in the US after slowing down earlier this year due to security concerns and political pressure. The move suggests that ByteDance, TikTok's Beijing-based owner, is betting that bills seeking to ban the app in the US will not move forward.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 7:50 pm

JPM

JPMorgan has conducted an extensive internal investigation into CEO Jamie Dimon's emails and found no mention of convicted pedophile Jeffrey Epstein, a former client of the firm. Dimon is set to give testimony in civil suits against the bank over its business dealings with Epstein.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 7:45 pm

XOM

Exxon Mobil has pushed back against investors and proxy advisor Glass Lewis, stating that the prospect of achieving net-zero carbon dioxide emissions by 2050 is remote and should not be further evaluated in its financial statements. A shareholder proposal seeking a report on the cost of having to abandon projects faces a vote on May 31.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 7:42 pm