Streetbeat News

Regulatory

LI

NIO

XPEV

ZK

Chinese EV stocks Nio, XPeng, Li Auto, and Zeekr are trading higher due to the People's Bank of China's plan to cut the reserve requirement ratio. However, these companies face challenges from U.S. and EU tariffs and protectionist policies.

Portfolio Pulse from Anusuya Lahiri

September 17, 2024 | 2:51 pm

SPY

The U.S. House Speaker is planning to hold a vote on a 6-month short-term federal funding bill on Wednesday, as reported by Reuters citing Punchbowl.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:39 pm

BTCUSD

Donald Trump credits his sons for introducing him to cryptocurrencies, highlighting the success of his NFT collections as a key factor in his growing interest. Despite initial skepticism, Trump's experience with NFTs and crypto payments has shifted his view, emphasizing the importance of the U.S. leading in the crypto space. His new DeFi platform, World Liberty Financial, aims to promote dollar-pegged stablecoins.

Portfolio Pulse from Murtuza Merchant

September 17, 2024 | 2:15 pm

BIIB

Biogen's new drug submission for Omaveloxolone has been accepted for priority review by Health Canada for the treatment of Friedreich's Ataxia. A regulatory decision is expected in early 2025.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:14 pm

KBE

KRE

XLF

The FDIC Board is set to vote on new bank-merger guidelines at an upcoming meeting. This decision could impact the banking sector and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:03 pm

GEHC

GE HealthCare Technologies has announced that its MIM Software has received FDA clearance for a new Centiloid Scaling Tool, which is used to quantify amyloid plaque in brain imaging. This development is significant for the company's medical imaging capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:51 pm

SPY

The U.S. House Speaker is planning to hold a vote on a six-month short-term federal funding bill on Wednesday. This decision is crucial to avoid a government shutdown and ensure continued federal operations.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:31 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) is advancing its cannabis cultivation through research in auto-flowering technology, which could transform outdoor cultivation in high-latitude regions. The company has received a US patent for its breeding program and has launched a new CBD lozenge in collaboration with Vectura Fertin Pharma.

Portfolio Pulse from Jelena Martinovic

September 17, 2024 | 1:28 pm