Streetbeat News

Regulatory

SPY

Federal Reserve's Goolsbee expressed optimism about the economic outlook, stating that he expects house price inflation to decrease significantly.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:47 pm

SPY

Federal Reserve's Goolsbee mentioned in a Marketplace Radio interview that a continued decrease in housing inflation, as seen in April's CPI data, would be positive.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:45 pm

EYEN

Eyenovia provides updates on its Myopia Phase III program and its two FDA-approved products, Mydcombi and Clobetasol. The company is on track to accelerate the development of MicroPine for pediatric progressive myopia and is preparing for a 3Q 2024 launch of Clobetasol Propionate Ophthalmic Suspension 0.05%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:22 pm

APGE

Apogee Therapeutics, Inc. (NASDAQ: APGE) has dosed the first patient in its Phase 2 trial of APG777 for atopic dermatitis. Interim data from the Phase 1 study exceeded expectations, showing a half-life of 75 days. Phase 2 proof-of-concept data is expected in the second half of 2025, with plans for further trials in asthma and other indications.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:18 pm

CDTX

Cidara Therapeutics has regained compliance with Nasdaq's requirements for continued listing.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:02 pm

LI

NIO

TSLA

XPEV

The U.S. government plans to issue new rules this fall concerning vehicles connected to China. This move could impact companies with ties to the Chinese automotive market.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 7:54 pm

SPY

U.S. Spy Chief Haines has reported an increasing number of foreign actors, including non-state entities, attempting to illicitly influence U.S. elections. Russia, China, and Iran are identified as the most significant foreign actors in this regard.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:59 pm

CME

KRE

SPY

TAN

Blu Putnam, former chief economist at CME Group, discussed April's inflation report and suggested that the Federal Reserve should cut interest rates based on the Taylor Rule. The CPI numbers showed lower-than-expected inflation growth, sparking a market rally. Despite this, interest rate-sensitive sectors like solar and regional banking ETFs underperformed.

Portfolio Pulse from Aaron Bry

May 15, 2024 | 6:45 pm

EIS

Hamas Chief states that Israeli amendments on a ceasefire proposal by mediators have led the negotiation into a deadlock.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:43 pm

CELU

Celularity has been granted European Patent EP3957315 for the treatment of diabetic peripheral neuropathy using placental cells. This patent could potentially open new markets and revenue streams for the company.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:26 pm