Streetbeat News

Regulatory

LLY

NVO

A study published in JAMA Network Open suggests that Novo Nordisk's Ozempic, primarily a diabetes and weight loss drug, may significantly reduce the risk of opioid overdose. The research indicates that patients on semaglutide, the active ingredient in Ozempic, were less likely to overdose compared to those on other diabetes medications. This finding adds to evidence of semaglutide's potential in managing addiction.

Portfolio Pulse from Maureen Meehan

September 25, 2024 | 6:54 pm

GOOG

GOOGL

META

The Los Angeles County Board of Supervisors has approved a measure to remove illegal cannabis dispensaries from search engines like Google and Yelp. This initiative aims to ensure only licensed dispensaries appear in search results, addressing public safety concerns. The measure also calls for reports on curbing unauthorized cannabis advertising and urges major websites to stop promoting illegal dispensaries.

Portfolio Pulse from Jelena Martinovic

September 25, 2024 | 6:49 pm

CAPR

CERO

OCTO

SFIX

VTNR

U.S. stocks mostly declined with the Dow Jones falling over 200 points. CERo Therapeutics shares rose 13% after securing financing and requesting an FDA meeting. Capricor Therapeutics and Eightco Holdings also saw significant gains. Vertex Energy filed for bankruptcy, causing a 56% drop in its stock.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 6:49 pm

BTC-USD

DOGE-USD

ETH-USD

Mark Cuban, a prominent advocate for cryptocurrency, is emerging as a key political surrogate for Vice President Kamala Harris. His support for decentralized finance aligns with Democratic values, and he emphasizes the importance of regulatory clarity in the crypto space. Cuban's influence is significant as the 2024 U.S. presidential election approaches, highlighting the potential impact of the 'crypto vote.' Despite personal financial losses in crypto, Cuban remains committed to the industry, advocating for innovation and cautious investment.

Portfolio Pulse from Murtuza Merchant

September 25, 2024 | 6:29 pm

AMZN

GOOGL

MSFT

Google has filed an antitrust complaint against Microsoft in the EU, accusing it of unfair practices in the cloud market. This move highlights ongoing tensions between major tech companies over market dominance and regulatory scrutiny.

Portfolio Pulse from Anusuya Lahiri

September 25, 2024 | 6:25 pm

BILI

Bilibili Inc (NASDAQ:BILI) shares are experiencing volatility, trading lower by 1.69% after a significant surge of over 15% the previous day. This fluctuation follows China's Central Bank's announcement of a new stimulus package, which initially boosted Chinese tech stocks. The market is seeing profit-taking as investors reassess positions amid broader economic concerns in China.

Portfolio Pulse from Henry Khederian

September 25, 2024 | 6:23 pm

MSFT

VGK

OpenAI has signed the core commitments of the EU AI Pact, aligning with European Union regulations on artificial intelligence. This move is part of a broader effort to ensure AI technologies are developed responsibly and ethically.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 6:10 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower amid a broader selloff of U.S.-listed Chinese companies following a new stimulus package by China's Central Bank. The package includes various rate cuts to combat market slowdown. XPeng also launched a new version of its MPV, the X9, to expand its customer base.

Portfolio Pulse from Nabaparna Bhattacharya

September 25, 2024 | 6:08 pm

BTCUSD

Standard Chartered's head of digital assets research predicts a potential boost in Bitcoin's price due to factors like the U.S. Federal Reserve's rate cut, positive derivatives market indicators, and supportive comments from Vice President Kamala Harris.

Portfolio Pulse from Khyathi Dalal

September 25, 2024 | 5:37 pm

LEU

Centrus Energy shares are rising following a special briefing where the company urged Congress to focus on domestic nuclear fuel production, backed by a $3.4 billion funding initiative.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 5:33 pm