Streetbeat News

Regulatory

AMZN

A federal labor regulator has classified Amazon delivery drivers as employees, which may increase Amazon's responsibility for working conditions. This decision could force Amazon to negotiate with unions, contradicting its previous stance. The NLRB found Amazon unlawfully targeted drivers with termination threats. Amazon disputes the union's claims.

Portfolio Pulse from Ananya Gairola

August 23, 2024 | 6:48 am

BJ

SNOW

WSM

Jim Cramer predicts a market slowdown, suggesting that recent gains may pause as reality sets in. He notes that stocks like Snowflake, Williams-Sonoma, and BJ's Wholesale Club have suffered despite decent earnings. Investors are cautious ahead of Fed Chair Powell's speech, with potential interest rate cuts on the horizon.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 6:34 am

GLPG

Galapagos NV has received FDA clearance for its IND application for the ATALANTA-1 study, which will evaluate the CD19 CAR-T therapy GLPG5101 in patients with relapsed/refractory non-Hodgkin lymphoma.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:52 am

MRNA

Moderna has received approval in Japan for a partial change application for its updated COVID-19 mRNA vaccine targeting the SARS-COV-2 variant JN.1. This approval could enhance Moderna's market presence in Japan and potentially increase its revenue from vaccine sales.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:41 am

BTCUSD

Argentina's Senate has approved an increase in pension spending, challenging President Javier Milei's fiscal plans. Despite Milei's intention to veto, the bill's strong support suggests a veto override is possible. This development complicates Milei's efforts to balance the budget and control inflation.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 5:17 am

BABA

JD

TCEHY

WMT

Alibaba Group Holding Ltd. (NYSE:BABA) is changing its listing status in Hong Kong to allow mainland Chinese investors to trade its shares through the Stock Connect program. This move is expected to increase liquidity and trading volume for Alibaba's shares. The decision comes amid a challenging environment for Chinese tech companies, with Alibaba's recent earnings showing mixed results. Alibaba's ADR in the U.S. saw a slight decline, while its Hong Kong shares have risen this year.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:53 am

IBIT

Anthony Scaramucci, CEO of SkyBridge Capital, expressed optimism about Bitcoin's future, predicting it could reach $100,000. He highlighted the role of ETFs, particularly BlackRock's iShares Bitcoin Trust, in boosting Bitcoin's demand. Despite recent price declines, Scaramucci views Bitcoin as a future store of value.

Portfolio Pulse from Aniket Verma

August 23, 2024 | 2:07 am

AIXI

Trading for a certain asset has been halted at 7:50:00 p.m. ET due to pending news. This could indicate significant upcoming information that may impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 11:50 pm

QUBT

Quantum Computing Inc. has received a non-compliance notice from Nasdaq due to filing deficiencies. The company has until December 16, 2024, to regain compliance by submitting the required Form 10-Qs. Failure to do so may result in delisting from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 9:02 pm