Streetbeat News

Regulatory

DJT

GME

QQQ

SPY

WOOF

Wall Street is cautious ahead of the August CPI report, with futures slightly down. The market is influenced by the recent presidential debate and upcoming Fed meeting. Stocks like GameStop and Petco fell due to earnings, while Trump Media & Technology Group saw a significant drop post-debate.

Portfolio Pulse from Shanthi Rexaline

September 11, 2024 | 10:56 am

MRK

Merck's GARDASIL 9 vaccine has shown positive results in a Phase 3 trial in Japanese males, meeting key endpoints for reducing HPV infections. Merck plans to seek regulatory approval in Japan and other countries.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:32 am

LUNAUSD

XRPUSD

The SEC has imposed record fines on cryptocurrency firms in 2024, with a significant $4.47 billion fine against Terraform Labs. This marks a 3,018% increase in fines from the previous year, highlighting the SEC's focus on large companies and high-profile cases.

Portfolio Pulse from Aniket Verma

September 11, 2024 | 9:05 am

HIMS

LLY

NVO

Novo Nordisk reports positive results for its weight-loss drug liraglutide in children aged 6-12, showing a 7.4% reduction in BMI. The company plans to seek FDA and EMA approval. The weight-loss drug market is under scrutiny due to counterfeit concerns and high demand.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 8:19 am

ORAN

Orange Business has completed the first phase of a data center for Grifols Egypt's Plasma Derivatives facility, supporting Egypt's goal for self-sufficiency in plasma-derived medicines. This project involves a partnership with ACUD for co-location and communication services.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:08 am

NPSCY

Nippon Steel's Vice Chairman, Takahiro Mori, is attempting to salvage a $15 billion acquisition of U.S. Steel amid national security concerns raised by the Biden administration. Vice President Kamala Harris has expressed that U.S. Steel should remain American-owned. The Committee on Foreign Investment in the United States (CFIUS) will review the deal.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 7:41 am

DIS

DirecTV and Disney failed to reach an agreement to temporarily restore ABC News for the Trump-Harris debate. Disney offered the feed for free, but DirecTV's condition to keep Disney channels live until Sept. 17 was rejected. The dispute over distribution terms has left Disney channels unavailable on DirecTV since Sept. 1.

Portfolio Pulse from Ananya Gairola

September 11, 2024 | 6:26 am

REGN

SNY

Regeneron and Sanofi's Dupixent shows promising results in a Phase 3 trial for treating chronic spontaneous urticaria (CSU), potentially leading to regulatory resubmission in the U.S. by year-end.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:44 am

REGN

SNY

Regeneron and Sanofi's Dupixent has shown significant improvements in disease remission for bullous pemphigoid, meeting all primary and secondary endpoints in a trial. If approved, it would be the first targeted treatment for this condition in the U.S. and EU.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 5:31 am

BTC-USD

During the 2024 election debate, Vice President Kamala Harris criticized former President Donald Trump for high unemployment during his tenure and his economic policies. Trump proposed tariffs on imports, while Harris suggested tax deductions for small businesses. The debate highlighted economic issues like unemployment, inflation, and tariffs.

Portfolio Pulse from Kaustubh Bagalkote

September 11, 2024 | 5:03 am