Streetbeat News

Regulatory

SAVA

Cassava Sciences has been granted a U.S. patent for 'Solid Polymorphs of a FLNA-Binding Compound and Its Hydrochloride Salts'. This patent could enhance their intellectual property portfolio and potentially impact their market position.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:09 pm

AZN

NVO

A study published in JAMA Network Open suggests a potential link between Novo Nordisk's GLP-1 drugs, Ozempic and Wegovy, and increased suicidal thoughts. The study found a higher incidence of suicidal ideation with semaglutide compared to other medications, though the overall rate was small. The study did not find an increased rate of severe behaviors like suicide attempts. The findings suggest a possible interaction with psychiatric conditions, warranting further investigation. Novo Nordisk's stock saw a slight decline following the news.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 6:06 pm

SOLUSD

The likelihood of a Solana-based ETF being approved in 2024 is very low, with only a 6% chance according to Bloomberg's Eric Balchunas. The SEC's rejection of Cboe BZX's filings for Solana ETFs and regulatory concerns about classifying Solana as a security contribute to this pessimistic outlook.

Portfolio Pulse from Murtuza Merchant

August 20, 2024 | 6:03 pm

SPY

Federal Reserve's Bowman emphasizes the need to consider all data in balancing employment and price-stability risks. She notes potential upside inflation risks and suggests that strong hiring and rising unemployment may be misleading. Bowman stresses the importance of price stability and caution in policy changes.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 6:02 pm

AAL

DAL

EWC

UAL

The Canada Border Services Agency reported a partial systems outage affecting airports, which may impact airlines operating in Canada. The agency is working to resolve the issue.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:57 pm

AMIX

Autonomix Medical has been granted a U.S. patent for its innovative systems and methods for treating cancer and augmenting organ function. This patent could enhance the company's market position and attract investor interest.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 5:05 pm

CXW

The Department of Justice has initiated an investigation into a Tennessee prison operated by CoreCivic. This development could have implications for CoreCivic's operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 4:10 pm

AMZN

COST

KR

TGT

WMT

Vice President Kamala Harris' proposal for a federal ban on price gouging by grocery stores is facing pushback from the food industry. The plan includes increased scrutiny of mergers and a ban on price hikes. Major food retailers like Walmart, Amazon, Costco, Kroger, and Target saw mixed stock movements in response.

Portfolio Pulse from Michael Juliano

August 20, 2024 | 4:05 pm