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Regulatory

SPY

Donald Trump plans to announce economic proposals, including a government efficiency commission recommended by Elon Musk, a corporate tax rate cut to 15% for U.S. manufacturers, and rescinding unspent funds from the Biden administration.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:48 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that the U.S. is fostering an environment conducive to foreign direct investment. This could have implications for the broader U.S. market, potentially impacting ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:47 pm

X

U.S. Treasury Secretary Janet Yellen declined to comment on the CFIUS review of the U.S. Steel-Nippon Steel merger, emphasizing the rigorous process for assessing national security implications of such transactions.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:39 pm

ABT

MDT

Abbott Diabetes Care Inc. has issued a recall for certain Freestyle Libre 3 sensors due to the risk of inaccurate high glucose readings. Medtronic is removing some McGRATH Mac video laryngoscopes and updating use instructions for others due to an increased risk of battery overheating and explosion.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:34 pm

MRK

Merck has completed negotiations with the pan-Canadian Pharmaceutical Alliance for WELIREG, a treatment for certain conditions associated with von Hippel-Lindau disease. The next step involves provincial and territorial governments implementing reimbursement.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:22 pm

AZN

AstraZeneca shares are experiencing a decline due to reports of the company's staff being detained in China over data and drug-import investigations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 3:19 pm

HOTH

Hoth Therapeutics has received approval from the Montefiore Medical Center and the Dana-Farber Cancer Institute to proceed with a Phase 2a clinical trial of HT-001, targeting skin toxicities from Epidermal Growth Factor Receptor Inhibitors.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 2:37 pm

BAVA.CO

The European Commission has delivered 100,000 mpox vaccine doses to the Democratic Republic of Congo, with more to follow. This is part of a larger EU initiative to combat the mpox outbreak in Africa, involving donations from multiple EU countries and coordination with the Africa CDC.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 2:19 pm

PPTA

Perpetua Resources' shares rose following the U.S. Forest Service's completion of the final environmental impact statement and a draft record of decision for the Stibnite gold project.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:43 pm