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Regulatory

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares rose after the Federal Reserve cut interest rates by 50 basis points. The company is set to report its second-quarter results, with analysts expecting a loss of 21 cents per share and $460.089 million in revenue. A recent probe by the National Highway Traffic Safety Administration into VinFast's EVs could impact the stock. Analysts have a positive outlook with a 12-month price target of $8.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 8:39 pm

TNON

Tenon Medical has received three Notices of Allowance for its patent applications from the USPTO, indicating that the patents will be granted soon. This development could enhance Tenon Medical's intellectual property portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:09 pm

GOOGL

The DOJ accuses Google employees of hiding messages from antitrust investigators, complicating the company's legal challenges. This could lead to serious repercussions if deemed intentional by the court.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:02 pm

Z

ZG

Housing-related stocks are experiencing a rise in share prices following a 50 basis point rate cut by the Federal Reserve, which is expected to boost housing demand.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 7:45 pm

LBPH

Longboard Pharmaceuticals' shares rose following the FDA's rare pediatric disease and orphan drug designations for its drug bexicaserin (LP352) targeting Dravet syndrome.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 7:43 pm

EWZ

X, a platform in Brazil, is set to present a legal representative to the Supreme Court and has started complying with court orders to remove hate content. A technical issue allowed some users to access X on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 7:34 pm

EIS

ISRA

SPY

The White House reaffirms its stance against Iran-backed threats, including Hezbollah, and emphasizes the urgency of a diplomatic solution. A ceasefire in Gaza is seen as a way to reduce regional tensions, and efforts will continue to find diplomatic solutions for displaced civilians.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 7:17 pm

PYPL

PayPal shares are experiencing an increase in value due to overall market strength following the Federal Reserve's decision to cut interest rates.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 7:15 pm

NVO

VGK

Wegovy, a product by Novo Nordisk, has received a positive opinion from European regulators for a label update. This update reflects reduced heart failure symptoms and improved physical function in obesity-related HFpEF, based on STEP HFpEF trial results.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 7:12 pm

AMZN

GOOGL

META

SNAP

The FTC report criticizes major tech companies like Amazon, Meta, and Alphabet for extensive data collection practices that compromise user privacy. The report highlights the lack of transparency and inadequate protection for children and teens, urging for legislative action.

Portfolio Pulse from Anthony Noto

September 19, 2024 | 6:49 pm