Streetbeat News

Regulatory

NextDecade's subsidiary has withdrawn its application at the Federal Energy Regulatory Commission (FERC) for a proposed carbon capture and storage project at the Rio Grande LNG facility.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 9:01 pm

AVGO

DXCM

MRNA

NVDA

PDD

PODD

QQQ

SPY

XLE

XOM

The S&P 500 and Nasdaq 100 indices ended their 8-day winning streak due to a lack of economic data and hawkish comments from Fed Governor Michelle Bowman. Major drags included Nvidia, Exxon Mobil, and energy stocks, while some sectors like consumer staples and healthcare saw gains.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 8:39 pm

AZTR

Azitra has initiated the enrollment of the first patient in a Phase 1b trial for ATR-12, a treatment for Netherton Syndrome. This marks a significant step in the development of their therapeutic pipeline.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:16 pm

GLPG

FMR LLC has notified Galapagos of holding 5.61% of its voting rights, maintaining a position above the 5% threshold. This includes 3,693,550 ordinary shares and 3,200 financial instruments. Changes in holdings were noted among FMR's controlled entities.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:05 pm

ENVB

Enveric Biosciences has been granted a US patent for 'C4-Carboxylic Acid-Substituted Tryptamine Derivatives and Methods Used to Treat Brain Neurological Disorders'. This patent could enhance their intellectual property portfolio and potentially impact their market position in neurological disorder treatments.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:54 pm

FXI

SPY

President Biden has approved a new classified nuclear strategy focusing on the growing nuclear threat from China, alongside Russia and North Korea. This strategy marks a shift in U.S. nuclear deterrence, preparing for potential coordinated nuclear challenges from these nations. The strategy reflects concerns over China's rapid nuclear expansion and the emerging partnership between Russia and China.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:46 pm

BTCUSD

Polymarket indicates an 80% likelihood that Robert F. Kennedy Jr. will exit the 2024 presidential race, impacting the political discourse on cryptocurrency. Kennedy's pro-crypto stance, particularly on Bitcoin, has been a significant part of his campaign. His potential dropout could shift the political landscape and influence future cryptocurrency policies in the U.S.

Portfolio Pulse from Murtuza Merchant

August 20, 2024 | 7:46 pm

COIN

The potential appointment of SEC Chair Gary Gensler as Treasury Secretary under a Kamala Harris administration could lead to increased regulation in the crypto industry, potentially depressing crypto prices. Gensler's history of stringent regulation has already caused concern in the crypto community, with fears of further complications for crypto companies.

Portfolio Pulse from Khyathi Dalal

August 20, 2024 | 7:34 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) has enrolled the first five patients in its clinical trial for a CBD-based treatment for autism spectrum disorder (ASD) in children. The trial, conducted at Soroka Medical Center in Israel, aims to assess the efficacy and safety of SciSparc's proprietary SCI-210 drug. The company plans to enroll 60 subjects and eventually sell the treatment in Israel and other countries.

Portfolio Pulse from Jelena Martinovic

August 20, 2024 | 7:28 pm

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