Streetbeat News

Regulatory

CBOE

CBOE has withdrawn and resubmitted its application to list options on spot Bitcoin ETFs, signaling potential engagement from the SEC. Analysts view this as a positive sign, although further approvals are needed. Optimism remains for Bitcoin ETF options to be available by Q4 2023.

Portfolio Pulse from Murtuza Merchant

August 09, 2024 | 5:44 pm

SNY

SPRY

The FDA has approved ARS Pharmaceuticals Inc's (NASDAQ: SPRY) Neffy nasal spray for emergency allergy treatment, providing an alternative to EpiPen and other autoinjectors like Sanofi SA's (NASDAQ: SNY) Auvi-Q. This approval comes ahead of the PDUFA target action date and is based on studies showing comparable efficacy to existing epinephrine injection products.

Portfolio Pulse from Vandana Singh

August 09, 2024 | 5:34 pm

CRLBF

An initiative to enable easier unionization in the Oregon cannabis industry will appear on the November ballot. The measure, supported by UFCW Local 555, aims to protect cannabis workers' rights to organize and bargain collectively. Meanwhile, Cresco Labs Inc. has seen workers at its facilities in Illinois and Massachusetts vote to leave their union.

Portfolio Pulse from Jelena Martinovic

August 09, 2024 | 5:29 pm

VIRX

Viracta Therapeutics has received a Notice of Allowance for its U.S. Patent Application 18/240,853 titled 'HDAC INHIBITOR SOLID STATE FORMS (FOR THE TREATMENT OF CANCER, IMMUNE DISORDERS, AND INFLAMMATION)'.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:21 pm

ASTS

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are trading lower on Friday after gaining more than 13% on Thursday. The company received FCC approval to launch its first five commercial BlueBird satellites, which have arrived in Cape Canaveral for a planned launch in September. The stock is trending on WallStreetBets, and 18.21% of its shares are being sold short, contributing to volatility. Analysts have an average 12-month price target of $12.95, with no recent adjustments.

Portfolio Pulse from Erica Kollmann

August 09, 2024 | 5:06 pm

EIS

ISRA

SPY

The U.S. has decided not to impose sanctions on the Israel Defense Forces' Netzah Yehuda battalion for human rights violations in the West Bank. This decision, communicated by Secretary of State Antony Blinken to Israeli Defense Minister Yoav Gallant, marks a significant diplomatic achievement for Gallant and helps maintain strong U.S.-Israel relations.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:05 pm

KBE

KRE

SPY

XLF

SEC Chair Gary Gensler is scheduled to testify at the Senate Banking Committee in September, as reported by Politico.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:01 pm

SPY

USO

President Biden has announced the lifting of the ban on offensive weapons sales to Saudi Arabia. This decision could have significant implications for defense contractors and the oil market.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:58 pm

BUJA

Global IBO Group Ltd. and Bukit Jalil Global Acquisition 1 Ltd. have announced a definitive business combination agreement. Upon completion, the combined company will be renamed 'GIBO Holdings Limited' and listed on Nasdaq. The closing is subject to regulatory and shareholder approvals.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:32 pm

BFH

SYF

Bank of America analyst Mihir Bhatia upgraded Bread Financial Holdings Inc (NYSE:BFH) and Synchrony Financial (NYSE:SYF) to Buy ratings with price targets of $54, citing improving credit conditions and a delay in the CFPB's late fee rule. Bhatia expects credit losses to stabilize or improve over the next few quarters, benefiting both companies' income statements.

Portfolio Pulse from Hayden Buckfire

August 09, 2024 | 4:03 pm