Streetbeat News

Regulatory

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

SPY

The Federal Reserve's annual Jackson Hole Symposium is highly anticipated, with Fed Chair Jerome Powell's speech expected to provide insights into future monetary policy, including potential rate cuts. Historically, the event has had a muted impact on the S&P 500, with mixed market reactions in past years.

Portfolio Pulse from Piero Cingari

August 20, 2024 | 3:23 pm

COIN

Coinbase CEO Brian Armstrong emphasizes payments as a key driver for mainstream crypto adoption, especially in emerging markets. He discusses regulatory strategies and Coinbase's marketing efforts to address traditional financial system frustrations. Armstrong also explores ventures in scientific progress and longevity biotech.

Portfolio Pulse from Khyathi Dalal

August 20, 2024 | 3:23 pm

BABA

JD

NIO

PDD

Shares of US-listed Chinese companies are trading lower after China's central bank decided to keep its one-year and five-year loan prime rates unchanged at 3.35% and 3.85% respectively.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 3:06 pm

BA

Boeing Co. (NYSE:BA) is facing significant challenges, including FAA inspections and halted test flights, which have contributed to a 31% YTD stock decline. Despite these issues, short-term technical indicators show potential bullish signals, though long-term outlook remains uncertain.

Portfolio Pulse from Surbhi Jain

August 20, 2024 | 3:03 pm

CURLF

GLASF

TCNNF

California cannabis companies are shifting to the less regulated hemp market due to high taxes and strict regulations in the cannabis sector. Companies like Green Bee Botanicals and Sunstone Winery have rebranded their products to hemp, benefiting from lower taxes and broader market reach. Larger companies like Glass House Brands and Curaleaf Holdings are also considering or have entered the hemp market. The California Senate recently halted a bill that would impose stricter THC limits, highlighting the ongoing tension between the cannabis and hemp industries.

Portfolio Pulse from Rolando García

August 20, 2024 | 3:02 pm

AZN

JNJ

Johnson & Johnson (JNJ) is acquiring V-Wave for $1.7 billion to enhance its cardiovascular treatment offerings. The FDA also approved JNJ's Rybrevant plus Lazcluze for NSCLC, outperforming AstraZeneca's Tagrisso. JNJ stock rose 0.5% following these developments.

Portfolio Pulse from Vandana Singh

August 20, 2024 | 2:31 pm