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Regulatory

BABA

BIDU

JD

NIO

PDD

US-listed Chinese companies' shares are rising due to a report that China plans to issue up to $284 billion in sovereign debt as a stimulus measure.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 2:46 pm

SPY

The PCE Price Index report for August showed lower-than-expected inflation, strengthening confidence in the Federal Reserve's potential interest rate cuts. The report indicates a 2.2% year-over-year increase, below the 2.3% estimate, and supports a possible 50-basis point rate cut in November. This news is seen as positive for the stock market, with the SPDR S&P 500 ETF Trust (SPY) experiencing a slight increase.

Portfolio Pulse from Chris Katje

September 27, 2024 | 2:38 pm

EWJ

Japan's incoming Prime Minister Ishiba emphasizes the importance of the Bank of Japan (BOJ) independently deciding monetary policy while advocating for close cooperation between the government and the BOJ to support the economy.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 2:27 pm

EWJ

Japan's incoming Prime Minister, Ishiba, has announced plans to deploy fiscal stimulus if necessary. This decision could impact Japanese markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 2:25 pm

MSFT

Bill Gates reflects on Microsoft's past antitrust case and suggests that antitrust threats are inevitable for successful tech companies. He remains positive about Microsoft's trajectory and his role as an advisor.

Portfolio Pulse from Chris Katje

September 27, 2024 | 2:23 pm

ACHC

Acadia Healthcare (NASDAQ:ACHC) is under federal investigation for allegedly violating the False Claims Act by billing for unnecessary services. The company settled for $16.6 million but faces ongoing scrutiny. Acadia plans to invest $100 million in technology to improve safety and care. ACHC stock fell 26.60% following the news.

Portfolio Pulse from Vandana Singh

September 27, 2024 | 2:10 pm

BMEA

IONQ

RKLB

IonQ, Biomea Fusion, and Rocket Lab USA saw significant stock price increases on Friday. IonQ surged 20% after securing a $54.5 million contract with the US Air Force Research Lab. Biomea Fusion rose 15.5% following the FDA lifting a clinical hold, and Rocket Lab USA gained 11.5% after a price target upgrade.

Portfolio Pulse from Avi Kapoor

September 27, 2024 | 1:56 pm

AMZN

Amazon's partnership with AI startup Anthropic, backed by Jeff Bezos, has been approved by the UK's competition regulator, the CMA. Despite a $4 billion investment, the CMA found no jurisdictional issues. This partnership is part of Amazon's strategy to enhance its Alexa voice assistant using Anthropic's AI models.

Portfolio Pulse from Benzinga Neuro

September 27, 2024 | 1:52 pm

FXI

SPY

USO

The August PCE inflation data shows a slowdown, which could impact market expectations for interest rates. Oil prices are under scrutiny due to supply uncertainties caused by Hurricane Helene and Middle East tensions. Chinese stocks are rising, driven by government stimulus efforts.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:42 pm

AMZN

Amazon's $4 billion investment in AI startup Anthropic will not face a formal antitrust investigation by U.K. authorities, providing relief to U.S. tech companies regarding their AI startup investments.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:41 pm