Streetbeat News

Regulatory

BTCUSD

A Bernstein report suggests that the 2024 U.S. presidential election could significantly impact Bitcoin's price. A Trump victory might propel Bitcoin to $80,000-$90,000, while a Harris win could see it drop to $30,000-$40,000. The report highlights the crypto industry's warmer reception from the Trump camp and the challenging regulatory environment.

Portfolio Pulse from Khyathi Dalal

September 09, 2024 | 5:01 pm

BNTX

MRNA

PFE

Moderna's stock rose after its Laval, Quebec facility received a Drug Establishment License from Health Canada, allowing it to produce mRNA vaccines domestically. This milestone supports Moderna's strategic partnership with Canada and enhances its global manufacturing footprint.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 5:00 pm

IMVT

ROIV

Immunovant, a Roivant Sciences company, reported positive results from its Phase 2a trial of batoclimab for Graves' Disease, showing significant IgG reduction and response rates. The company plans to start a pivotal trial by the end of the year. Roivant's stock rose, while Immunovant's slightly declined.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 4:54 pm

ETHUSD

Ether.fi is launching a blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum Layer-2 network. The card allows users to spend fiat while using crypto as collateral, offering 3% cash-back and crypto-based rewards. Initially available internally, it will ship to pre-order customers on Sep. 16, but won't be available in the U.S. due to regulatory concerns.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 3:53 pm

SPY

The U.S. SEC has approved a new quality control standard, QC 1000, for public accounting firms, aiming to enhance audit quality and investor protection. This standard requires firms to identify risks and implement a quality control system, with annual evaluations and external quality control functions for larger firms.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:52 pm

RYAAY

The EU Commission has ordered Germany to recover between €13 million and €14 million plus interest from Ryanair and €1.25 million plus interest from Hahn Airport. The measures in favor of Ryanair and Hahn Airport were deemed incompatible with state aid rules.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:47 pm

STLA

Stellantis N.V. (NYSE:STLA) has announced a recall of 1.46 million vehicles globally due to a software flaw affecting the electronic stability control system. The recall includes 1.23 million Ram 1500 trucks in the U.S. and other vehicles in Canada, Mexico, and elsewhere. Despite the recall, STLA shares are trading higher.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 3:47 pm

PFE

RLAY

Relay Therapeutics shared promising interim data for its breast cancer treatment, RLY-2608, showing significant progression-free survival in heavily pretreated patients. The company is advancing towards a pivotal trial and plans to seek a global commercialization partner for another drug, lirafugratinib. Relay's stock rose significantly following the news.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 3:30 pm

SPY

The New York Federal Reserve reported that consumer inflation expectations for the next year remain unchanged at 3.0% for August. This stability in expectations may influence market sentiment and investor behavior.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:02 pm

C

Citi's CFO highlights the bank's focus on data quality and regulatory initiatives. The bank is reviewing resources for regulatory projects that are delayed. Despite a 4% YoY decline in Q3 markets revenue, investment banking fees are up 20% YoY, and debt capital markets activity remains strong.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:55 pm