Streetbeat News

Regulatory

SPY

Top aides to President Joe Biden are working on a proposal to create a US sovereign wealth fund aimed at investing in national security interests such as technology, energy, and supply chain links. This initiative is similar to a proposal by Donald Trump for a government-owned investment fund.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:54 pm

SPY

The Biden administration is working on a proposal to create a US sovereign wealth fund aimed at investing in national security interests such as technology, energy, and supply chain links. This initiative is being crafted by National Security Advisor Jake Sullivan and his deputy, Daleep Singh, and is similar to a proposal by Donald Trump for a government-owned investment fund.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:53 pm

GOOG

GOOGL

A judge has requested the Department of Justice to submit a proposal by the end of the year in the ongoing Google antitrust case. A decision is expected by August 2025.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:26 pm

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