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RIVN

Rivian Automotive Inc. (NASDAQ:RIVN) shares are trading higher following Canada's announcement of a 100% tariff on Chinese-made EVs, aligning with the U.S. and EU. Despite a recent fire at Rivian's Illinois plant, analysts remain optimistic about the stock's future performance.

Portfolio Pulse from Erica Kollmann

August 26, 2024 | 6:43 pm

SPY

Federal Reserve's Daly stated in a Bloomberg TV interview that the Fed is committed to bringing inflation to its target. The Fed is normalizing its balance sheet and policy rate, indicating ongoing monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 6:16 pm

SPY

Federal Reserve's Daly emphasizes the importance of maintaining the current state of the labor market and adjusting policy rates to prevent further weakening. The goal is to manage inflation gently while keeping growth at or slightly below trend.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 6:12 pm

JNJ

Johnson & Johnson (JNJ) is changing its 340B Drug Pricing Program policy for its drugs Stelara and Xarelto. Starting October 15, hospitals must buy these drugs at full price and submit data to receive a rebate. The AHA has raised concerns about the policy's compliance with the 340B statute.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 6:09 pm

SPY

Fed's Daly suggests the labor market is balanced and indicates a potential rate cut in September. She emphasizes the need to adjust policy as inflation decreases and sees no immediate signs of layoffs or economic weakness.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 6:08 pm

EIS

SPY

The White House has stated that President Biden is being kept informed in real-time about the developments between Hezbollah and Israel. The U.S. assumes that Iran is prepared to attack Israel and remains in constant contact with Israeli counterparts.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 5:52 pm

EIS

SPY

The White House has confirmed that negotiations are ongoing in Cairo for a ceasefire in Gaza, with talks expected to continue for several days.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 5:41 pm

AAPL

AMZN

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USO

The article discusses the impact of geopolitical tensions in Libya on oil prices and the U.S. economy, emphasizing the importance of protecting wealth amid potential dollar weakening. It highlights mixed money flows in major tech stocks and ETFs, and suggests strategic investment adjustments.

Portfolio Pulse from The Arora Report

August 26, 2024 | 5:36 pm

ABT

DGX

LH

RHHBY

Labcorp and Roche are increasing their mpox testing capabilities in response to a new virus strain. Labcorp can scale up from 500 to 25,000 tests monthly, while Roche is leveraging its HIV testing infrastructure. Quest Diagnostics and Abbott Laboratories are also involved in mpox testing.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 5:36 pm