Streetbeat News

Regulatory

SPY

Governor of Pennsylvania, Josh Shapiro, stated that the Biden-Harris infrastructure spending law is positively impacting Pennsylvania. The state has also cut taxes for businesses to enhance competitiveness.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:25 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that Vice President Kamala Harris supports not raising taxes on middle-income taxpayers. Harris has also been supportive of President Biden's initiatives to make child care more affordable and to make the expanded Child Tax Credit permanent.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:25 pm

EWJ

SPY

X

Pennsylvania Governor Shapiro has expressed serious concerns about Nippon Steel's acquisition of U.S. Steel, stating that the deal would not meet his approval in its current form.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:14 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that President Biden aims to ensure that households earning under $400,000 do not see a tax increase. Biden also seeks tax fairness with higher taxes on the wealthy and corporations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:10 pm

GOOGL

MSFT

The UK's antitrust watchdog is scrutinizing Alphabet's partnership with AI startup Anthropic, focusing on its impact on competition. The CMA is seeking views on the partnership and will decide on an official investigation by August 13. Alphabet has invested $500 million in Anthropic, with a promise of $1.5 billion more over time. Anthropic uses Alphabet's Google Cloud services.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:07 pm

META

PINS

SNAP

The House Cybersecurity Committee has decided to block and remove all ByteDance products, including TikTok, Capcut, Lemon8, Lark, and Hypic, from House devices starting August 15. The process will begin with mobile devices and will later include desktop versions.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:07 pm

EWJ

SPY

The Bank of Japan (BOJ) board members are reportedly discussing raising interest rates to 0.25%, according to NHK. This potential rate hike could have significant implications for financial markets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:05 pm

ARKX

LMT

NOC

UFO

SpaceX is negotiating with U.S. and Australian officials to land and recover its Starship rockets off the coast of Australia, marking a potential expansion in the region. This initiative aligns with strengthened security ties between the countries and could enhance bilateral space defense collaborations.

Portfolio Pulse from Shivani Kumaresan

July 30, 2024 | 2:49 pm

TPHS

Trinity Place Holdings (TPHS) shares have been halted pending news. Investors are awaiting further information to understand the reason behind the halt.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:37 pm

MOVE

Movano Inc (NASDAQ:MOVE) is expected to receive FDA clearance for its Evie ring this quarter, with a full commercial launch likely later this year. Analyst Bruce Jackson initiated coverage with a Speculative Buy rating and a price target of $2.00. The Evie ring aims to provide medical-grade data and has already shown promising sales during a soft launch.

Portfolio Pulse from Priya Nigam

July 30, 2024 | 2:28 pm