Streetbeat News

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Republican-led states have filed a lawsuit against President Biden's new student debt forgiveness plan, challenging its legality. This legal action could impact companies involved in student loans and financial services.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:55 pm

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Shuttle Pharmaceuticals has been granted a U.S. patent for its selective histone deacetylase inhibitors, which are used to treat human diseases. This patent could enhance the company's intellectual property portfolio and potentially lead to new treatment options.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:47 pm

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Major indexes are experiencing a downturn, potentially due to August's ISM Manufacturing PMI data showing economic contraction and anticipation of non-farm payrolls data, which could influence future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:35 pm

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The U.S. government announced negotiated prices for ten drugs under Medicare Part D, effective January 1, 2026, aiming to save $6 billion. Despite this, U.S. drug prices remain significantly higher than in other countries. Companies like Bristol Myers Squibb, Eli Lilly, Johnson & Johnson, Merck, AstraZeneca, Novartis, Amgen, and Novo Nordisk are affected.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 7:12 pm

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The cryptocurrency market experienced a downturn as U.S. trading resumed post-Labor Day, with Bitcoin and Ethereum seeing declines. This drop aligns with a broader selloff in traditional markets, influenced by macroeconomic factors like the ISM Manufacturing PMI report. The report suggests potential stagflationary pressures, affecting expectations for the Federal Reserve's monetary policy. The CME Group's FedWatch tool indicates a higher probability of a 50-basis-point rate cut in September. The upcoming August employment report is crucial for determining the Fed's next move.

Portfolio Pulse from Murtuza Merchant

September 03, 2024 | 7:08 pm

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The U.S. State Department has approved a potential $150 million sale of follow-on technical support for Aegis Class Destroyers to Japan, as reported by Reuters citing the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:07 pm

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Alibaba's subsidiary AGTech Holdings has acquired a 51.5% stake in Ant Group's Bank Macao for $30.26 million, aiming to enhance digital payment services. Alibaba's stock has been affected by regulatory issues, but analysts see potential upside.

Portfolio Pulse from Anusuya Lahiri

September 03, 2024 | 6:48 pm

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Moderna's updated COVID-19 vaccine, targeting the JN.1 variant, has been approved by the UK and Taiwan. The vaccine will be available for eligible groups and for private purchase in the UK. The FDA has also approved updated vaccines from Moderna and Pfizer/BioNTech.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 6:39 pm

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Pfizer and Valneva's Lyme disease vaccine candidate, VLA15, shows promising results in a Phase 2 study as a booster shot, with high seroconversion rates and a strong safety profile. The vaccine is in Phase 3 trials, with plans for regulatory submissions in 2026.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 6:37 pm

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TSLA

BYD Co., Ltd. is delaying its investment in a Mexican car production facility until after the U.S. elections, due to uncertainties in American policies. The decision reflects a cautious approach amid potential changes in U.S. trade policies, especially concerning tariffs on Mexican-made products.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 6:09 pm