Streetbeat News

Regulatory

ATLX

Atlas Lithium shares rose after receiving an operational permit for its Neves Project in Minas Gerais, Brazil.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:26 pm

ATLX

Atlas Lithium Corporation (NASDAQ:ATLX) has received the operational permit for its Neves Project in Brazil, allowing it to proceed with lithium production. This milestone enables the company to assemble and operate its processing plant and develop open-pit mining operations.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:26 pm

LLY

Eli Lilly's mirikizumab shows promising long-term efficacy and safety in treating ulcerative colitis and Crohn's disease, with positive results from Phase 3 studies. The drug is approved for ulcerative colitis and under FDA review for Crohn's disease.

Portfolio Pulse from Vandana Singh

October 28, 2024 | 4:05 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) announced that its Lucid Air models have received a five-star overall safety rating from the National Highway Traffic Safety Administration for 2025. This includes the Lucid Air Pure, Touring, Grand Touring, and Sapphire models.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:02 pm

OXY

Occidental Petroleum shares are trading lower due to geopolitical tensions in the Middle East. Israel's airstrikes on Iran did not target oil sites, which may have influenced the oil sector's stock performance.

Portfolio Pulse from Dylan Berman

October 28, 2024 | 3:33 pm

JNJ

Johnson & Johnson announced positive Phase 3 study results for Tremfya in treating Crohn's disease, showing significant clinical remission and endoscopic response. The drug is under FDA review for this use, following its approval for ulcerative colitis.

Portfolio Pulse from Vandana Singh

October 28, 2024 | 3:32 pm

MNTS

RKLB

SPCE

U.S. Senator Jerry Moran has expressed concerns over the FAA's slow rocket launch licensing process, urging for regulatory efficiency improvements. This could impact companies involved in space launches.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 3:24 pm

SPY

USO

VGK

The Pentagon has not confirmed the presence of North Korean soldiers in Russia's Kursk region but believes there is movement towards the area. An estimated 10,000 soldiers are deployed to train in Eastern Russia, with some moving closer to Ukraine.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 3:21 pm

BLK

Anthony Scaramucci discusses the impact of the EU's MiCA regulation on European crypto exchanges and highlights BlackRock's successful Bitcoin product launch, driven by customer demand. The regulation aims to create a safer environment for crypto activities, contrasting with the US's enforcement-focused approach.

Portfolio Pulse from Abbey Higginbotham

October 28, 2024 | 3:07 pm

HKXCY

Hong Kong's Securities and Futures Commission (SFC) plans to expand digital-asset exchange licenses by 2024, aiming to establish the city as a digital asset hub. The SFC is also considering a state-backed stablecoin, HKDG, to enhance financial efficiency and inclusivity.

Portfolio Pulse from Murtuza Merchant

October 28, 2024 | 3:00 pm