Streetbeat News

Regulatory

BHVN

Biohaven Ltd. (NASDAQ:BHVN) announced promising results from a study on their drug candidate, troriluzole, for treating Spinocerebellar Ataxia (SCA), a rare neurodegenerative disease. The study showed significant improvements and a slower disease progression rate. Biohaven plans to submit a New Drug Application to the FDA in late 2024, with potential commercialization in 2025.

Portfolio Pulse from Vandana Singh

September 23, 2024 | 3:22 pm

F

GM

A U.S. Commerce official has stated that General Motors and Ford would need to cease importing vehicles from China for the U.S. market under a new proposed connected car rule.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:12 pm

SPY

Austan Goolsbee discusses the Federal Reserve's recent 50 basis point rate cut, indicating a shift back to a normal dual mandate mode. He suggests that if current conditions persist, more rate cuts are expected over the next 12 months to reach a neutral interest rate.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 3:04 pm

COIN

Anthony Scaramucci humorously commented on Kamala Harris' supportive stance on digital assets, contrasting it with the Biden administration's regulatory approach. The administration, under Biden and SEC Chair Gary Gensler, has been criticized for stringent crypto regulations, impacting companies like Coinbase. The regulatory environment is a significant topic in the 2024 presidential race, with Trump promising a more crypto-friendly approach.

Portfolio Pulse from Ivan Crnogatić

September 23, 2024 | 3:02 pm

APO

INTC

QCOM

Benchmark analyst Cody Acree suggests that Qualcomm's acquisition of Intel is unlikely due to financial and regulatory challenges. Apollo Global Management plans a $5 billion investment in Intel. Qualcomm would need to offer a significant premium for Intel, but regulatory scrutiny may hinder the deal.

Portfolio Pulse from Michael Juliano

September 23, 2024 | 2:59 pm

SPY

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, stated that consumer sentiment is not a reliable indicator for predicting consumer spending behavior. This suggests that traditional metrics may not fully capture economic activity.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:50 pm

SPY

Federal Reserve's Goolsbee highlights a stable demand for cash despite a decrease in cash transactions. This could indicate a shift in consumer behavior or economic conditions affecting liquidity preferences.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:48 pm

VMC

U.S. Senators are attempting to prevent Mexico from taking control of a port owned by Vulcan Materials Company. This move could have significant implications for Vulcan's operations and stock performance.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:45 pm

SPY

Federal Reserve's Goolsbee is closely monitoring office building vacancy rates and ensuring banks are prepared for potential losses in commercial real estate. This vigilance is crucial for maintaining financial stability.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:44 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) shares are declining after announcing a 1-for-100 reverse stock split to avoid Nasdaq delisting due to low trading prices. The company aims to meet the $1 minimum bid price requirement.

Portfolio Pulse from Dylan Berman

September 23, 2024 | 2:43 pm