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Regulatory

CING

Cingulate Inc. (NASDAQ:CING) shares surged by 239% after the company was granted a European patent for its ADHD treatment, CTx-1301. This patent covers up to 30 European territories, including the UK. Cingulate is also preparing to file a New Drug Application with the U.S. FDA.

Portfolio Pulse from Vaishali Prayag

August 16, 2024 | 6:59 pm

CDNA

CareDx shares are trading higher after the CMS retired a draft policy that would have restricted coverage for non-invasive blood-based surveillance testing for allograft rejection.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:42 pm

BTCUSD

USDTUSD

Donald Trump has named Howard Lutnick, CEO of Cantor Fitzgerald, to lead his transition team if he wins the presidency. Lutnick's involvement is significant for the crypto sector, given Cantor Fitzgerald's role as a custodian for Tether (USDT). Trump has positioned himself as a strong ally of the crypto industry, with J.D. Vance as his pro-crypto vice-presidential pick.

Portfolio Pulse from Murtuza Merchant

August 16, 2024 | 6:34 pm

AAPL

GOOGL

Epic Games has launched its mobile store in Europe, intensifying its ongoing conflict with Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOGL). The store, now live on Android globally and on iPhones in mainland Europe, follows years of legal disputes. Epic's CEO Tim Sweeney criticized Apple's app store fees and policies, which he claims penalize developers. The European Union's Digital Markets Act has facilitated this launch, but challenges remain. Epic aims for 100 million new installs by year-end and is working to attract third-party developers.

Portfolio Pulse from Franca Quarneti

August 16, 2024 | 6:32 pm

COIN

MSTR

SOLUSD

Crypto experts Raoul Pal and Anthony Scaramucci discussed the future of digital assets, predicting significant growth despite current market volatility. Pal emphasized that economic conditions favor crypto, while Scaramucci highlighted regulatory acceptance. They also discussed Solana's potential and the transformative power of NFTs.

Portfolio Pulse from Ivan Crnogatić

August 16, 2024 | 6:26 pm

EIS

SPY

U.S. officials have reported constructive talks in Doha regarding the Gaza conflict, with a deal nearly ready. Further negotiations are set to take place in Cairo next week, with Secretary Blinken actively involved.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:20 pm

SPY

Federal Reserve's Goolsbee signals caution as unemployment rises and credit conditions tighten. Businesses are struggling to pass on higher prices to consumers.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:12 pm

CDNA

CareDx announced that the Centers for Medicare & Medicaid Services (CMS) has retired a draft policy that would have restricted coverage for its AlloSure, AlloMap, and HeartCare tests. The longstanding coverage for these tests, which are used for surveillance testing for allograft rejection, has been restored.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:11 pm

MSFT

SPY

OpenAI has shut down an Iranian influence operation that was targeting the U.S. election. This move is significant in the context of cybersecurity and election integrity.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:04 pm

LLY

NVO

Doctors are facing challenges in securing Medicare coverage for Novo Nordisk's weight-loss drug Wegovy, despite its potential benefits for heart patients. Medicare's legal restrictions on covering weight-loss drugs and the high cost of Wegovy are significant barriers. Novo Nordisk is working with policymakers to improve coverage, and there is hope for better coverage next year. Eli Lilly's obesity drug Zepbound may also impact the market if it gains FDA approval for treating obstructive sleep apnea.

Portfolio Pulse from Vandana Singh

August 16, 2024 | 5:59 pm