Streetbeat News

Regulatory

NVDA

NVIDIA shares are rising due to a report that the U.S. Government might permit the export of its AI chips to Saudi Arabia. Additionally, Vice President Harris expressed a desire to invest in American technology to lead in AI and quantum computing.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:10 pm

UAL

The Federal Aviation Administration (FAA) is nearing completion of a safety audit of United Airlines. This audit is part of routine checks to ensure compliance with safety regulations.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:03 pm

ABBV

AMGN

CI

CVS

PFE

UNH

UnitedHealth Group will remove AbbVie's Humira from its preferred reimbursement lists in 2025, opting for lower-cost biosimilars. This follows similar moves by Cigna and CVS Health. Despite competition, AbbVie retains a dominant market share for Humira.

Portfolio Pulse from Vandana Singh

September 11, 2024 | 6:59 pm

HOOD

Robinhood is expanding its crypto strategy, attracting millennials and boosting revenue. The company acquired Bitstamp for $200 million and expanded services to the EU. Analysts predict significant revenue growth, despite potential SEC legal challenges.

Portfolio Pulse from Khyathi Dalal

September 11, 2024 | 6:41 pm

EPC

JNJ

KMB

PG

The FDA is addressing concerns about tampon safety after a study found metals in tampons. Companies like Procter & Gamble, Johnson & Johnson, Edgewell Personal Care, and Kimberly-Clark are involved. The FDA is conducting further investigations to assess the risk of metal exposure from tampons.

Portfolio Pulse from Vandana Singh

September 11, 2024 | 6:37 pm

SPY

State election officials have expressed serious concerns over the U.S. Postal Service's plans for delivering presidential election ballots, as reported by Reuters. This raises potential issues regarding the timely and secure delivery of ballots.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:36 pm

SPY

The Federal Reserve's Inspector General has concluded that Raphael Bostic, President of the Federal Reserve Bank of Atlanta, had no financial conflicts of interest and there is no evidence that his trades were based on confidential FOMC information.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:35 pm

HITI

High Tide Inc., Canada's largest cannabis retailer, has partnered with Positive Intent Events to expand its cannabis offerings to events, following Alberta's decision to allow cannabis pop-up stores at adult-only festivals. This joint venture aims to leverage High Tide's market share and innovative discount club model in the nascent cannabis hospitality sector.

Portfolio Pulse from Nina Zdinjak

September 11, 2024 | 6:31 pm

SPY

A report by the Fed Inspector General revealed that Fed's Bostic violated Reserve Bank holdings policies by exceeding the $50,000 threshold in U.S. Treasury bonds or notes from June 11, 2021, to June 9, 2022.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:29 pm