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Regulatory

MODD

Trading for MODD was halted at 4:16:26 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released, which could impact its stock price.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:16 pm

SPY

The August jobs report is highly anticipated as investors look for signs of recovery in the U.S. labor market after July's weak figures. The July report showed a slowdown in job creation and a rise in unemployment, triggering recession fears. However, analysts from Bank of America and Goldman Sachs suggest that the situation may not indicate a recession, citing temporary factors and predicting a rebound in August. The SPDR S&P 500 ETF Trust (SPY) saw a sell-off following July's report.

Portfolio Pulse from Piero Cingari

September 04, 2024 | 8:09 pm

ATNF

180 Life Sciences has been granted a European patent for treating Dupuytren's Disease using a TNF Receptor 2 antagonist. This development could enhance their intellectual property portfolio and potentially lead to new treatment options.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:58 pm

SPY

Kamala Harris has proposed a 28% capital gains tax rate for individuals earning $1 million or more. This proposal could impact high-income investors and potentially influence market behavior.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:22 pm

MRK

Merck has received Canadian authorization for WINREVAIR (Sotatercept), the first activin signaling inhibitor therapy for treating pulmonary arterial hypertension in adults. This marks a significant milestone for Merck in expanding its product offerings in the cardiovascular space.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:01 pm

NPSCY

X

President Biden is set to block Nippon Steel's $15 billion acquisition of U.S. Steel, citing the importance of keeping U.S. Steel domestically operated. The deal is under investigation by CFIUS, and U.S. Steel's shares fell over 20% on the news.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 6:50 pm

SPY

X

The White House's John Kirby stated that he cannot confirm reports suggesting President Biden would block a steel deal. This uncertainty may impact market sentiment regarding steel-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:49 pm

X

The White House, through spokesperson John Kirby, emphasized President Biden's stance that American steel companies should remain under American ownership. This statement reflects the administration's focus on maintaining domestic control over key industries.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:39 pm

UNI

The CFTC has fined Uniswap Labs $175,000 for illegal digital asset derivatives trading, citing violations of the Commodity Exchange Act. Uniswap's protocol allowed trading of leveraged tokens without proper registration, leading to regulatory action.

Portfolio Pulse from Murtuza Merchant

September 04, 2024 | 6:36 pm

INTC

Intel's CFO announced at the Citi Conference that the company is considering all possible cost-cutting measures and does not expect significant funding from the U.S. CHIPS Act until the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:34 pm