Streetbeat News

Regulatory

RTX

The U.S. State Department has approved a $115 million sale of small diameter bombs to Belgium, according to Reuters citing the Pentagon.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 7:06 pm

AAL

DAL

Delta Air Lines (DAL) shares are trading higher by 1.41% to $43.55, reversing earlier losses following American Airlines (AAL) and Southwest Airlines' financial results. Delta faces financial setbacks from a system failure, a federal investigation, and a Citigroup earnings estimate cut. Broader industry challenges are indicated by increased operating costs and demand fluctuations.

Portfolio Pulse from Henry Khederian

July 25, 2024 | 6:38 pm

NGHC

The U.S. Department of Justice has filed a lawsuit against National General Holdings Corp and its subsidiaries for allegedly placing false insurance on hundreds of thousands of borrowers' vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:34 pm

MU

QQQ

Micron Technology Inc (NASDAQ:MU) shares are down roughly 1% amid overall market weakness, driven by potential further restrictions on China, comments on the China-Taiwan standoff, and recent tech earnings updates. The semiconductor sector, including Micron, is impacted by potential reductions in AI-related investments. Mixed macroeconomic signals add to the uncertainty.

Portfolio Pulse from Henry Khederian

July 25, 2024 | 6:17 pm

LUV

Southwest Airlines executive announced that the FAA is conducting a focused safety review, expected to begin in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 6:00 pm

LLY

NVO

VKTX

Viking Therapeutics (NASDAQ:VKTX) announced plans to advance its weight loss drug VK2735 to late-stage trials, causing its stock to surge by 30%. The company received positive feedback from the FDA and reported promising Phase 2 results. Shares of competitors Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO) fell on the news.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 5:48 pm

DASH

LYFT

UBER

The California Supreme Court has ruled that app-based drivers for companies like Uber, Lyft, and DoorDash can be classified as independent contractors under Proposition 22, and this classification does not conflict with the state constitution.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 5:05 pm

PFE

Pfizer shares are slightly higher after the European Commission approved Pfizer’s DURVEQTIX, a gene therapy for hemophilia B. This approval could be transformative for hemophilia B care in the EU. DURVEQTIX is already approved in the US and Canada. Analysts estimate an EPS of 46 cents and revenue of $13.02 billion for Pfizer's 2024 fiscal year second quarter.

Portfolio Pulse from Dylan Berman

July 25, 2024 | 5:00 pm

BTCUSD

VanEck's new report forecasts Bitcoin (BTC) could reach $2.9 million by 2050, with scenarios ranging from $130,000 to $52 million. The projection is based on Bitcoin becoming a key player in the global financial system, settling 10% of international trade and 5% of domestic trade. Key risks include Bitcoin mining sustainability, community schisms, government regulation, and competition from other cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 4:49 pm

TCNNF

Florida Governor Ron DeSantis criticized the state's cannabis legalization initiative, Amendment 3, stating it should not have been allowed on the ballot due to misleading summaries. Despite his opposition, recent polls show strong support for the initiative. Trulieve Cannabis Corp has invested heavily in promoting the measure.

Portfolio Pulse from Maureen Meehan

July 25, 2024 | 4:42 pm