Streetbeat News

Regulatory

META

Turkish Transport Minister stated that a meeting with Instagram officials did not yield the desired results, and no progress is expected on Monday, according to Reuters citing NTV.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:28 pm

GOVX

INO

MRNA

SIGA

The World Health Organization (WHO) is considering declaring an international public health emergency due to a deadlier strain of mpox spreading in Africa. The virus has a 3% mortality rate and has seen a 160% increase in cases this year. Vaccines and public health surveillance are crucial for controlling the outbreak.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:09 pm

ATNM

Actinium Pharmaceuticals (NYSE:ATNM) received a request from the FDA for additional studies on its leukemia treatment, Iomab-B. The FDA found the Phase 3 SIERRA trial inadequate for a Biologics License Application (BLA) due to issues with the trial design, including high crossover rates. Actinium will need to conduct a new head-to-head study and is seeking a strategic partner for Iomab-B in the U.S. ATNM stock fell 74% to $1.59 following the news.

Portfolio Pulse from Vandana Singh

August 05, 2024 | 3:21 pm

DIA

SPY

Global markets may face significant disruptions if Iran attacks Israel, similar to the market reaction when Russia invaded Ukraine. U.S. stocks, including the Dow Jones Industrial Average and the S&P 500 Index, experienced sharp declines during the Russia-Ukraine conflict. Current market conditions are already under pressure due to recent Federal Reserve decisions and a cooler-than-expected jobs report. Middle Eastern financial markets have also tumbled in response to the potential Iranian threat.

Portfolio Pulse from Michael Juliano

August 05, 2024 | 3:08 pm

ASTS

AST SpaceMobile shares are trading higher after the company received FCC approval to launch its first five commercial BlueBird satellites.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:04 pm

BA

Boeing's Senior Vice President of Quality, Elizabeth Lund, is set to testify at an NTSB hearing regarding an emergency involving the Max 9 aircraft.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:03 pm

BTCUSD

ETHUSD

Tron founder Justin Sun refuted rumors of his positions being liquidated amid a significant drop in cryptocurrency prices. Bitcoin and Ethereum experienced notable declines, contributing to a 19% drop in the overall cryptocurrency market value. Sun emphasized that Tron rarely engages in leveraged trading, focusing instead on sustainable practices.

Portfolio Pulse from Murtuza Merchant

August 05, 2024 | 2:58 pm

ASTS

AST SpaceMobile (NASDAQ:ASTS) shares are rising after the company received FCC approval to launch its first five commercial BlueBird satellites. This regulatory milestone allows AST SpaceMobile to use V, S, and UHF frequencies for satellite operations, aiming for nationwide coverage in the U.S. The company has completed manufacturing and testing the satellites, with a launch planned for September.

Portfolio Pulse from Dylan Berman

August 05, 2024 | 2:52 pm

TMC

The International Seabed Authority (ISA) has elected Leticia Carvalho as its new secretary-general, signaling a potential shift towards more environmentally friendly regulations for deep sea mining. This could impact companies like The Metals Company (NASDAQ:TMC) that are seeking licenses for mining operations.

Portfolio Pulse from Stjepan Kalinic

August 05, 2024 | 2:49 pm

LLY

NVO

NAD+ boosters are the latest anti-aging trend in Hollywood, with celebrities and wellness influencers adopting them. Despite their popularity, the FDA has prohibited many of these supplements while they are still undergoing clinical trials. The shift towards NAD+ boosters follows a surge in the global market for weight-loss drugs, driven by companies like Novo Nordisk and Eli Lilly. However, the high demand for GLP-1 medications is causing supply issues for type 2 diabetic patients.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 2:43 pm