Streetbeat News

Regulatory

EBS

GOVX

INO

MRNA

The CDC reports no cases of Clade I Mpox in the U.S. as of September 6, while Clade II Mpox continues to circulate at low levels.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:18 pm

EWN

RTX

SPY

The U.S. State Department has approved a potential sale of Sidewinder missiles to the Netherlands, valued at approximately $691 million. This deal involves the Pentagon and could impact defense contractors and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:03 pm

GOOG

GOOGL

Alphabet shares are experiencing a decline following objections from the UK's Competition and Markets Authority (CMA) regarding Google's ad tech practices.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:59 pm

X

U.S. Steel, along with the United Steelworkers union and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International Trade Commission. These petitions target imports of corrosion-resistant steel from several countries, aiming to address low-priced and subsidized imports affecting the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:50 pm

CMRX

EBS

The U.S. is preparing for the potential arrival of a more severe strain of mpox, clade 1, which has caused significant cases and deaths in Africa. The government is enhancing surveillance and testing, and the Jynneos vaccine is available for high-risk groups. Efforts are underway to develop new treatments, although current options like TPOXX are ineffective against clade 1.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:24 pm

VWAGY

The Polish Ministry of Health supports decriminalizing cannabis possession and cultivation, reflecting growing public support. However, political challenges remain, with potential presidential vetoes and conservative parliamentary opposition. The cannabis industry in Poland is gaining momentum, with local hemp varieties showing promise.

Portfolio Pulse from Nina Zdinjak

September 06, 2024 | 6:10 pm

COIN

Barclays analyst Benjamin Budish upgraded Coinbase Global, Inc. (NASDAQ:COIN) from Underweight to Equal-Weight, citing improved regulatory support for crypto. Despite lowering the price target from $206 to $169, the analyst sees resilience in Coinbase's revenues amid regulatory changes. However, challenges like fee compression and increased expenditures remain.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 5:53 pm

SPY

USO

VGK

Iran has sent short-range ballistic missiles to Russia, which could escalate the conflict in Ukraine. The U.S. and Europe are considering sanctions against Iran in response.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:32 pm

AAP

AZO

GPC

ORLY

SPY

Lawmakers have requested CEOs of six auto parts firms to clarify if they purchased products from a Chinese company potentially evading U.S. tariffs.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:04 pm

AYRWF

AYR Wellness has received conditional approval from the Virginia Cannabis Control Authority to establish medical marijuana operations in Virginia's Health Service Area 1. This is a strategic move for AYR as it expands its footprint in underserved regions, potentially boosting revenue growth amid profitability challenges.

Portfolio Pulse from Patricio Liddle

September 06, 2024 | 4:28 pm