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Regulatory

ASTS

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are trading lower on Friday after gaining more than 13% on Thursday. The company received FCC approval to launch its first five commercial BlueBird satellites, which have arrived in Cape Canaveral for a planned launch in September. The stock is trending on WallStreetBets, and 18.21% of its shares are being sold short, contributing to volatility. Analysts have an average 12-month price target of $12.95, with no recent adjustments.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 5:06 pm

EIS

ISRA

SPY

The U.S. has decided not to impose sanctions on the Israel Defense Forces' Netzah Yehuda battalion for human rights violations in the West Bank. This decision, communicated by Secretary of State Antony Blinken to Israeli Defense Minister Yoav Gallant, marks a significant diplomatic achievement for Gallant and helps maintain strong U.S.-Israel relations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:05 pm

KBE

KRE

SPY

XLF

SEC Chair Gary Gensler is scheduled to testify at the Senate Banking Committee in September, as reported by Politico.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:01 pm

SPY

USO

President Biden has announced the lifting of the ban on offensive weapons sales to Saudi Arabia. This decision could have significant implications for defense contractors and the oil market.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:58 pm

BUJA

Global IBO Group Ltd. and Bukit Jalil Global Acquisition 1 Ltd. have announced a definitive business combination agreement. Upon completion, the combined company will be renamed 'GIBO Holdings Limited' and listed on Nasdaq. The closing is subject to regulatory and shareholder approvals.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:32 pm

BFH

SYF

Bank of America analyst Mihir Bhatia upgraded Bread Financial Holdings Inc (NYSE:BFH) and Synchrony Financial (NYSE:SYF) to Buy ratings with price targets of $54, citing improving credit conditions and a delay in the CFPB's late fee rule. Bhatia expects credit losses to stabilize or improve over the next few quarters, benefiting both companies' income statements.

Portfolio Pulse from Hayden Buckfire

August 09, 2024 | 4:03 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is experiencing a consolidation phase with mixed money flows in major tech stocks and ETFs. Despite a weak Treasury auction, the market saw a strong oversold bounce driven by short covering. Fed officials are not in favor of an emergency rate cut, and Bitcoin has surged above $60,000. Investors are advised to maintain a protection band and consider tactical positions in bonds.

Portfolio Pulse from The Arora Report

August 09, 2024 | 4:01 pm

SPRY

ARS Pharmaceuticals shares are trading higher following the FDA's approval of neffy nasal spray for the emergency treatment of anaphylaxis and allergic reactions (Type I).

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:45 pm

BTCUSD

ETHUSD

SOLUSD

Industry researcher Michael Nadeau presents a bullish case for Bitcoin and other cryptocurrencies, citing market corrections, funding rate resets, and macroeconomic factors like anticipated Federal Reserve rate cuts. The market sentiment mirrors late 2020, suggesting a potential rally.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 3:41 pm

SPRY

The FDA has approved neffy, the first nasal spray for the treatment of anaphylaxis, which is an emergency treatment for severe allergic reactions (Type I).

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:25 pm