Streetbeat News

Regulatory

MSFT

SPY

OpenAI has shut down an Iranian influence operation that was targeting the U.S. election. This move is significant in the context of cybersecurity and election integrity.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:04 pm

LLY

NVO

Doctors are facing challenges in securing Medicare coverage for Novo Nordisk's weight-loss drug Wegovy, despite its potential benefits for heart patients. Medicare's legal restrictions on covering weight-loss drugs and the high cost of Wegovy are significant barriers. Novo Nordisk is working with policymakers to improve coverage, and there is hope for better coverage next year. Eli Lilly's obesity drug Zepbound may also impact the market if it gains FDA approval for treating obstructive sleep apnea.

Portfolio Pulse from Vandana Singh

August 16, 2024 | 5:59 pm

SPY

Federal Reserve's Goolsbee has issued a warning about increasing small business defaults and rising unemployment, which have now reached cautionary levels. This could signal potential economic challenges ahead.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:41 pm

GOVX

GeoVax Labs, Inc. (NASDAQ:GOVX) shares surged by 65.4% following the WHO's declaration of mpox as a global health emergency and the ECDC's new risk assessment. The ECDC recommends heightened preparedness and rapid response measures in the EU/EEA due to the risk of imported mpox cases from Africa.

Portfolio Pulse from Vaishali Prayag

August 16, 2024 | 5:40 pm

CNI

UNP

Union Pacific is closely monitoring labor negotiations involving Canadian railways and is in contact with its Canadian interchange partners. The company is adhering to embargos by Canadian Pacific Kansas City and Canadian National for certain traffic.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:24 pm

RILY

B. Riley Financial (NASDAQ:RILY) shares surged after co-founder Bryant R. Riley proposed to acquire all shares he doesn't own for $7 per share, a 40% premium over the previous closing price. Riley, the largest stockholder, plans to finance the transaction with debt and possibly third-party equity. The company recently suspended its dividend, reported its largest quarterly loss, and confirmed an SEC investigation.

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 5:19 pm

F

FTXR

Ford Motor Company (NYSE:F) is recalling approximately 85,000 Explorer SUVs due to potential engine fire risks and 37,371 vehicles, including the Mustang Mach-E, due to windshield wiper failures. The recalls affect various models from 2020-2024. F stock has lost over 12% in the past year and is trading lower by 0.68% today. Investors can gain exposure to Ford via the First Trust Nasdaq Transportation ETF (NASDAQ:FTXR).

Portfolio Pulse from Nabaparna Bhattacharya

August 16, 2024 | 4:34 pm

EIS

SPY

Israel is hopeful that pressure from mediators and the U.S. will lead Hamas to accept a ceasefire deal proposed on May 27, according to a statement from the Prime Minister's office reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:09 pm

EIS

SPY

A senior Hamas official has accused the U.S. administration of creating a 'false atmosphere' and having no intention of stopping the ongoing war. This statement could impact market sentiment and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:59 pm

GOOGL

Google announced that it will update its regional restrictions under its political content policy in August 2024 to include Canada.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 3:58 pm