Streetbeat News

Regulatory

KR

Vice President Kamala Harris proposed measures against price gouging by grocery chains, which could impact companies like Kroger. Concerns arise over potential price controls, which historically led to shortages in other countries. Kroger operates on thin profit margins, and investors are advised to consider hedging against political risks.

Portfolio Pulse from David Pinsen

August 26, 2024 | 4:00 pm

GOOGL

Google is set to update its Gambling & Games policy in Germany, effective September 25. This policy change may impact how gambling-related content is advertised on Google's platforms in Germany.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 3:57 pm

DNA

Ginkgo Bioworks faced a significant downfall after a report by Scorpion Capital accused it of being overpriced and engaging in misleading business practices. The company's stock plummeted, and it faced legal challenges, including a DOJ investigation and a shareholder lawsuit. Ginkgo has agreed to a $17.75 million settlement to resolve the lawsuit. Despite these challenges, the company remains focused on synthetic biology and aims for future growth.

Portfolio Pulse from Stan Vick

August 26, 2024 | 3:51 pm

NVDA

Bitcoin fell below $64,000 amid a shift in focus to AI tokens, with Nvidia's upcoming earnings report influencing market sentiment. Anthony Scaramucci views Bitcoin as an early-adopting technology facing regulatory challenges but sees potential for broader acceptance.

Portfolio Pulse from Murtuza Merchant

August 26, 2024 | 3:43 pm

ABT

DXCM

Dexcom's Stelo Glucose Biosensor System, an FDA-approved over-the-counter continuous glucose monitor, is now available for purchase. It targets Type 2 diabetes patients not using insulin, offering personalized glucose insights without fingersticks. Dexcom collaborates with Amazon for deliveries, and users can pay using flexible spending accounts.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 3:39 pm

BNTX

MRNA

PFE

The US government is restarting its free at-home COVID-19 test program, allowing households to order up to four tests. This comes as the government encourages updated COVID-19 boosters amid rising cases. Moderna, Pfizer, and BioNTech have received EUA for updated vaccines targeting the Omicron variant.

Portfolio Pulse from Vandana Singh

August 26, 2024 | 3:24 pm

EWW

SPY

Mexican President asserts that there is no rational reason for a disruption in trade integration with the United States, indicating stability in economic relations between the two countries.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 3:23 pm

IAC

Care.com, owned by IAC, has agreed to an $8.5 million settlement with the U.S. FTC over allegations of making it difficult for customers to cancel memberships.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 3:17 pm

INDV

Indivior PLC has announced that BARDA has placed its first order for OPVEE nasal spray, a nalmefene opioid overdose reversal product, using $8.7 million in Project BioShield funding. This order aims to enhance national preparedness against synthetic opioid emergencies.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 2:32 pm

QQQ

SPY

The U.S. stock market is expected to experience volatility as the Federal Reserve signals a potential interest rate cut in September. Despite the S&P 500's 18% gain this year, investors are cautious about the economic outlook. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) showed mixed performance, reflecting market uncertainty.

Portfolio Pulse from Benzinga Neuro

August 26, 2024 | 2:04 pm