Streetbeat News

Regulatory

EHang Holdings Limited (NASDAQ:EH) has refuted rumors linking it to a U.S. government investigation involving Chris Hu. The company denies any personal connections or involvement in the incident, emphasizing its commitment to transparency and compliance. EHang warns against misinformation affecting its stock and may pursue legal action to protect its reputation.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:43 pm

META

Mark Zuckerberg's 2010 email demanding a Facebook employee's resignation for leaking information has resurfaced, highlighting ongoing challenges Meta Platforms faces with censorship and employee relations. The company has recently faced backlash over job cuts and return-to-office policies.

Portfolio Pulse from Chris Katje

September 04, 2024 | 4:42 pm

BHC

CCJ

EWC

FLCA

The Bank of Canada cut its key policy rate by 25 basis points to 4.25%, marking the third consecutive rate cut. This decision was anticipated due to cooling inflation and a slowing labor market. Canadian stocks and the Loonie strengthened, with notable gains in ETFs like iShares MSCI Canada ETF (EWC) and Franklin FTSE Canada ETF (FLCA).

Portfolio Pulse from Piero Cingari

September 04, 2024 | 3:51 pm

DIS

MSFT

President Biden is set to accuse Russia of attempting to interfere in the 2024 U.S. election through disinformation campaigns. The U.S. government, including the Justice Department, plans to take action against Russian media outlets like RT and companies like the Social Design Agency. The U.S. is confident in the security of its election infrastructure, with 97% of voters using verified paper records. Microsoft had previously warned of Russian influence operations targeting the election. The issue of election interference is expected to be a significant topic in the upcoming presidential debates hosted by ABC, a unit of Walt Disney Company.

Portfolio Pulse from Chris Katje

September 04, 2024 | 3:48 pm

SPY

VGK

Russian lawmaker Butina dismisses CNN's report that the Biden administration will accuse Russia of trying to influence the 2024 U.S. election, calling it a 'witch hunt'. She claims the U.S. private military industrial complex is the only winner of the election.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:44 pm

SPY

The SEC has decided to end its legal efforts to revive a rule that would require hedge funds to disclose certain fees. This decision may impact transparency in the hedge fund industry.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:37 pm

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