Streetbeat News

Regulatory

ABT

LLY

SPY

The U.S. CDC announced that free at-home COVID-19 test delivery programs will reopen in late September. This initiative aims to enhance public health measures and accessibility to testing.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 3:35 pm

SPY

The U.S. CDC announced that starting November 1, the Centers for Medicare & Medicaid Services (CMS) will mandate hospitals and critical access hospitals to electronically report data on flu, Covid-19, and RSV.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 3:30 pm

GLD

ITB

IWM

KRE

UUP

VNQ

XME

Jerome Powell's remarks on potential interest rate cuts led to a rally in small-cap stocks, gold reaching record highs, and a decline in the US dollar. Several ETFs, including IWM, GLD, VNQ, KRE, ITB, XME, and UUP, experienced significant movements in response to the news.

Portfolio Pulse from Piero Cingari

August 23, 2024 | 3:25 pm

NIO

NIO Inc. shares are trading higher as the company prepares to announce its Q2 2024 financial results. The stock is also benefiting from China's opposition to EU tariffs on EVs and NIO's infrastructure expansion plans.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2024 | 3:23 pm

CNI

EWC

The President of the Canadian Teamsters Union has stated that rail employees will continue to strike even if a back-to-work order is issued by the Industrial Relations Board. This could impact companies and ETFs related to Canadian rail operations.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 3:20 pm

EIS

EWQ

VGK

Iran's new foreign minister has emphasized Iran's right to retaliate against Israel for the assassination of a Hamas official, in discussions with French and British counterparts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 3:13 pm

META

SPOT

Meta and Spotify CEOs criticize EU AI regulations, claiming they hinder innovation and the use of open-source AI. Meta plans to withhold its next AI model from the EU due to regulatory uncertainty, while Spotify emphasizes the potential of AI in streaming. Both companies have previously criticized Apple's App Store practices.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 3:10 pm

VGK

Bank of England's Bailey suggests a revision down in intrinsic inflation persistence, indicating potentially lower economic costs to reduce inflation. Inflation expectations are better anchored, but policy will remain restrictive for a while.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 3:08 pm

SPY

The White House's John Kirby reports that early signs from the Gaza talks in Cairo are constructive, with progress being made. He urges both sides to work towards implementation.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:39 pm