Streetbeat News

Regulatory

BAX

Baxter Healthcare has initiated a recall of certain Volara System single-patient use circuits and blue ventilator adapter assemblies due to a disconnection risk that may prevent proper ventilation. The FDA has classified this recall as the most serious type.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:33 pm

COIN

North Korean hackers have intensified their efforts in stealing cryptocurrencies, with funds stolen nearly doubling to $1.6 billion. Centralized exchanges like DMM and BTCTurk have been targeted, and major exchanges such as Binance and Coinbase are ramping up cybersecurity measures. The Lazarus Group, linked to North Korea, remains a significant threat.

Portfolio Pulse from Murtuza Merchant

September 04, 2024 | 3:17 pm

AMGN

AZN

LLY

NVO

PFE

The MHRA has found no evidence linking GLP-1 receptor agonists to suicidal thoughts or actions but will continue monitoring for severe psychiatric reactions. This news may impact companies involved in the production or sale of these drugs.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:52 pm

SPY

The Philadelphia Federal Reserve has initiated the search for a new president as Patrick Harker is set to retire in June 2025. This leadership change could influence monetary policy decisions impacting financial markets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:47 pm

BTCUSD

DOGEUSD

ETHUSD

GTLB

The article covers a range of topics including a drop in Bitcoin, Ethereum, and Dogecoin prices due to increased liquidations, GitLab's share price surge, and a potential 15-20% drop in Bitcoin if the Fed cuts interest rates. It also discusses political developments, market trends, and various company news.

Portfolio Pulse from Akanksha Bakshi

September 04, 2024 | 2:35 pm

BMRN

Trading for a certain asset was halted at 10:30:00 a.m. ET due to pending news. This could indicate significant upcoming information that may impact the asset's price.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:30 pm

SPY

Federal Reserve's Bostic indicates that price pressures are diminishing, but inflation risks remain. The Fed is focusing equally on inflation and maximum employment. The labor market is loosening, with wage growth stabilizing.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:05 pm

SPY

Federal Reserve's Bostic suggests that maintaining a restrictive policy for too long is unnecessary, as the economy is in a favorable position. He believes a soft landing is possible, with inflation on a sustainable path back to 2%. Business contacts report a slowing economy and labor market.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:04 pm

SPACEX

TSLA

Elon Musk's dispute with Brazil over the ban of social media platform X could impact his other businesses, including Tesla and SpaceX. The ban has already affected Starlink's operations in Brazil, halting revenue generation. Despite these challenges, investors remain optimistic about Tesla and SpaceX's potential.

Portfolio Pulse from Benzinga Neuro

September 04, 2024 | 1:49 pm

EWC

The Bank of Canada has decided to maintain its interest rate at 4.25%, matching the market's expectations and down from the previous rate of 4.50%. This decision could impact Canadian equities and ETFs, such as EWC, which tracks Canadian markets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:45 pm