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Regulatory

TCBP

Trading halt status for TCBP was updated at 8:55:00 AM ET. The halt was due to pending news and the resumption times were provided.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:55 pm

DCTH

Delcath Systems has been granted NTAP status for its HEPZATO KIT by the Centers for Medicare & Medicaid Services (CMS), effective October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:45 pm

SPY

Fed's Goolsbee states that inflation has significantly decreased and employment is at a relatively decent level. However, the labor market is showing signs of weakening and needs to stabilize at a normal level. If the job market overheats, the Fed may need to take stronger actions.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:43 pm

SPY

Fed's Goolsbee highlights weaknesses in the jobs market and suggests that the current restrictive monetary policy should only be maintained as long as necessary. He emphasizes that if the economy is not overheating, further tightening should be avoided.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:43 pm

SPY

Fed's Goolsbee comments on the current global complexities and stock market volatility. He mentions that the Fed is prepared to respond to economic conditions, including potential rate cuts or raises, and emphasizes a balanced risk posture.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:42 pm

SPY

Federal Reserve's Goolsbee stated that the Fed has maintained a restrictive posture to prevent economic overheating. However, current data does not indicate overheating, and recent job numbers were weaker than expected but do not suggest a recession. Goolsbee emphasized the need for the Fed to be forward-looking and cautious in interpreting job reports.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:40 pm

FTV

Fortive's Advanced Sterilization Products has received FDA clearance for the ULTRA GI Cycle in the STERRAD 100NX Sterilizer, which is expected to enhance the company's product offerings in the medical sterilization market.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:36 pm

WAVE

Eco Wave Power Global AB (Nasdaq: WAVE) has officially started its first MW-scale wave energy project in Porto, Portugal. The project aligns with Portugal's renewable energy goals and includes a 20MW Concession Agreement with APDL. The company aims to commercialize its wave energy technology globally.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:36 pm

TCNNF

Billionaire Ken Griffin has donated $12 million to oppose Florida's cannabis legalization measure, Amendment 3. Griffin argues that the measure would create a monopoly for large marijuana dispensaries, increase youth addiction, and lead to more crime. Trulieve Cannabis Corp, a Florida-based medical marijuana company, has donated nearly $55 million to support the measure.

Portfolio Pulse from Maureen Meehan

August 05, 2024 | 12:33 pm

SONM

Sonim Technologies has regained compliance with Nasdaq's minimum bid price requirement as of August 2, 2024, resolving the issue.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:08 pm