Streetbeat News

Regulatory

JNJ

The FDA has approved Johnson & Johnson's TREMFYA for adults with moderately to severely active ulcerative colitis. This makes TREMFYA the first dual-acting interleukin-23 inhibitor approved for this condition, showing significant results in clinical trials.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:17 am

META

A bipartisan coalition of 42 state attorneys general is urging Congress to mandate Surgeon General warning labels on social media apps like TikTok, X, and Meta's Instagram to address mental health concerns among young adults. This move highlights the growing scrutiny of social media's impact on mental health.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 6:28 am

BYDDY

China is advising its automakers to keep advanced EV technology within the country while expanding factories abroad to avoid tariffs. This includes exporting knock-down kits for assembly in foreign plants. BYD Co. is among the companies affected, planning a factory in Hungary.

Portfolio Pulse from Anan Ashraf

September 12, 2024 | 6:22 am

BTC

The UK government has proposed a bill to classify digital assets like Bitcoin and NFTs as personal property, aiming to provide legal recognition and protection. This move is intended to maintain the UK's leading position in the global crypto market and address regulatory challenges faced by crypto firms.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 6:09 am

NPSCY

X

The Biden administration is attempting to block a $14.1 billion acquisition of U.S. Steel by Nippon Steel, citing national security concerns. The Committee on Foreign Investment has delayed its recommendation, and the deal faces mixed views from stakeholders. U.S. Steel's stock has seen a recent surge despite being down for the year.

Portfolio Pulse from Kaustubh Bagalkote

September 12, 2024 | 4:16 am

BTCUSD

Argentina's President Javier Milei successfully blocked a pension spending increase, maintaining his fiscal surplus strategy. His pro-Bitcoin stance aligns with his libertarian policies, despite facing protests over austerity measures.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 3:33 am

GOOG

GOOGL

Google's AI model, PaLM2, is under investigation by the Irish Data Protection Commission for potential GDPR breaches related to personal data handling. This is part of a broader scrutiny of big tech firms' data practices in Europe.

Portfolio Pulse from Ananya Gairola

September 12, 2024 | 2:22 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, showed little change as higher-than-expected inflation data dampened hopes for aggressive rate cuts. Bitcoin briefly fell below $56,000 but recovered to nearly $58,000. Analysts suggest it's a good time to accumulate Bitcoin.

Portfolio Pulse from Aniket Verma

September 12, 2024 | 2:10 am

AVNW

Aviat Networks has filed a Notification of Late Filing on Form 12b-25 for its Annual Report on Form 10-K, indicating a delay in its financial reporting.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 9:51 pm

ASND

Ascendis Pharma announced that the FDA has granted Orphan Drug Exclusivity to YORVIPATH, a treatment for hypoparathyroidism in adults. This exclusivity is significant for the company as it targets a rare disease affecting 70,000 to 90,000 people in the US.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 9:39 pm