Streetbeat News

Regulatory

SPY

In a CNBC interview, Fed's Schmid suggested the potential to accelerate the reduction of the Federal Reserve's balance sheet. This could impact market liquidity and interest rates, influencing investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:08 pm

CVKD

Cadrenal Therapeutics is set to have a Type-B meeting with the FDA in September to discuss the development of tecarfarin for LVAD patients. This meeting is a significant step towards their pivotal trial.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:04 pm

CVX

Chevron Corporation has been awarded a greenhouse gas assessment permit offshore Western Australia, enhancing its carbon capture and storage portfolio. This aligns with Chevron's strategy to deliver lower carbon energy.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:03 pm

AZTR

Azitra, Inc. has received FDA clearance for a Phase 1/2 clinical study of ATR-04, targeting skin rash from EGFR inhibitors. This condition affects 150,000 patients in the US, representing a market size of over $1 billion. Preclinical data shows ATR-04's potential in reducing key rash drivers.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 1:01 pm

MSOS

MSOX

The cannabis market is facing volatility, with ETFs like AdvisorShares Pure US Cannabis ETF (MSOS) and its leveraged counterpart MSOX experiencing challenges due to regulatory uncertainty and underperforming stocks. However, potential regulatory reforms, such as cannabis rescheduling, offer hope for recovery.

Portfolio Pulse from Javier Hasse

August 22, 2024 | 1:00 pm

SCHW

TD

TD CEO Masrani acknowledged serious anti-money laundering failures and stated the bank's commitment to maintaining at least a 10% stake in Charles Schwab.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:56 pm

SPY

Federal Reserve's Collins indicates that future rate cuts will be guided by data, with current inflation data suggesting increased confidence in returning to a 2% target.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:54 pm

SPY

Federal Reserve's Collins states that unemployment remains low and jobless claims suggest an orderly rebalancing. The Fed is in a healthy position and aims to maintain it.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:54 pm

SPY

In a Fox Business interview, Fed's Collins stated that despite job benchmark revisions, the overall data indicates a consistent and healthy labor market. The focus remains on preserving this health.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:53 pm

BTC

COIN

ETHE

FBTC

GBTC

Bitcoin's price surged above $61,000 as Bitcoin spot ETFs recorded significant inflows, led by Grayscale's mini ETF and Fidelity's ETF. Despite mixed sentiment in Grayscale's flagship ETF, the overall trend is positive. Ethereum ETFs faced outflows, but Ethereum's price still rose. The market is buoyed by a dovish Fed stance, with attention on upcoming Fed Chair Powell's speech.

Portfolio Pulse from Murtuza Merchant

August 22, 2024 | 12:32 pm