Streetbeat News

Regulatory

PDD

PDD Holdings' stock is down following the White House's announcement of new measures to address the abuse of the de minimis exemption by Chinese e-commerce platforms, including Temu. The stock has been declining, losing over 33% in the past month, but analysts still see potential upside.

Portfolio Pulse from Erica Kollmann

September 13, 2024 | 3:17 pm

PDD

PDD Holdings shares are declining following the Biden Administration's announcement of measures to restrict low-value shipments, potentially affecting Chinese e-commerce companies shipping to the US.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:45 pm

PDD

PDD Holdings shares are rising following the Biden Administration's announcement of measures to curb low-value shipments, potentially affecting Chinese e-commerce companies shipping to the US.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:42 pm

SPY

Russia's UN envoy warned the Security Council that if Western countries allow Ukraine to conduct long-range strikes in Russia, it would mean NATO states are directly at war with Russia. This could escalate tensions, especially considering Russia's nuclear capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:36 pm

SPY

The S&P 500's performance after Federal Reserve rate cuts varies significantly depending on whether the economy is in a recession. During recessions, the S&P 500 typically declines, while in 'growth scare' or 'normalization' periods, it tends to rally. The SPDR S&P 500 ETF Trust (SPY) reflects these trends, gaining in non-recessionary periods and declining during recessions. Volatility and bond yields also react differently based on the economic context.

Portfolio Pulse from Piero Cingari

September 13, 2024 | 2:22 pm

DIS

FUBO

VERS

WBD

FuboTV's lawsuit against Disney, Fox, and Warner Bros. over a new sports-streaming service is set for trial in October 2025. The trial could delay the launch of the service, Venu Sports, which was planned for August 2023. The lawsuit is part of broader legal disputes over sports streaming rights.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2024 | 2:18 pm

PDD

Temu, a company potentially linked to PDD Holdings, states that its growth is not reliant on the de minimis policy, despite the Biden administration's move to curb low-value shipments. Temu is reviewing new rule proposals and remains committed to consumer value.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:09 pm

NUVL

Nuvalent, Inc. (NASDAQ:NUVL) announced a publication in Cancer Discovery detailing the design and preclinical activity of their ALK-selective inhibitor NVL-655. This drug is currently in Phase 1/2 trials for ALK-positive NSCLC and other tumors.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:56 pm

META

Meta plans to start training its AI models using public content shared by adults on Facebook and Instagram in the UK. This move is part of Meta's broader strategy to enhance its AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:07 pm

ALSA

Alpha Star Acquisition Corporation (NASDAQ:ALSA) has announced a business combination agreement with XDATA, an Estonia-based fintech company. The transaction, expected to close in late 2024, involves the creation of a new publicly traded company, PubCo, on Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:02 pm