Streetbeat News

Regulatory

DIA

JPM

QQQ

SPY

Jamie Dimon, CEO of JPMorgan Chase, remains confident in the U.S. economy despite a significant market downturn. The Dow Jones, S&P 500, and Nasdaq experienced their largest losses since September 2022. Dimon emphasized focusing on long-term growth and dismissed short-term market panic. He also expressed concerns about inflation and economic challenges but believes the economy will weather the storm.

Portfolio Pulse from Surbhi Jain

August 06, 2024 | 1:11 pm

MULN

Mullen Automotive shares are trading lower despite the company meeting all federal and state regulatory requirements for Class 1 and Class 3 commercial vehicles and actively manufacturing and selling these vehicles across the US.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:11 pm

AAPL

GOOG

GOOGL

Apple Inc. (NASDAQ:AAPL) may face potential fallout from Google’s recent antitrust defeat. A federal judge ruled against Google’s parent Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) in a significant antitrust case, which could jeopardize Google's lucrative search engine deal with Apple. This deal, worth $20 billion in 2022, is a vital part of Apple's services revenue. The ruling indicates a shift in the legal landscape that could impact Apple's future dealings.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 1:02 pm

BIVI

Trading halt status for BIVI 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 06, 2024 | 12:55 pm

SLS

SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) has received Orphan Drug Designation from the European Medicines Agency for its novel CDK9 inhibitor, SLS009, aimed at treating relapsed/refractory peripheral T-cell lymphomas.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:45 pm

CSLR

DJT

SPWR

Complete Solaria received a 'stalking horse' position in the SunPower Chapter 11 bankruptcy, indicating a potential acquisition opportunity. Trump Media & Technology Group (NASDAQ:DJT) launched linear TV streaming on Android devices via the Truth Social app, enhancing user experience with a new content delivery network.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:34 pm

SYK

Stryker has launched the Pangea Plating System, a new product aimed at enhancing trauma care with reliable and user-friendly solutions. The system received FDA clearance in late 2023.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:21 pm

CMPX

Compass Therapeutics (NASDAQ:CMPX) has completed patient enrollment for its COMPANION-002 Phase 2/3 trial of CTX-009 in combination with paclitaxel for biliary tract cancer. The company also approved an Investigator Sponsored Trial (IST) of CTX-009 in the first-line setting for BTC patients.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:14 pm

SPY

Jim Cramer suggests that a Trump presidency could be beneficial for income earners and investors, citing potential tax cuts. However, there are concerns about increased tariffs, inflation, and higher mortgage rates. The SPDR S&P 500 ETF Trust (SPY) rose 0.90% despite recent sell-offs.

Portfolio Pulse from Shanthi Rexaline

August 06, 2024 | 12:13 pm

FXI

TSLA

Tesla is recalling 1,683,627 cars in China, as reported by Bloomberg citing CCTV.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:12 pm