Streetbeat News

Regulatory

LGVN

Longeveron has been granted Australian Patent Number 2017213812 for 'Mesenchymal Stem Cells As Vaccine Adjuvants And Methods For Using The Same'.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 4:51 pm

AMZN

CRWD

FTNT

GOOG

IBM

MSFT

OKTA

PANW

ZS

Stephanie Link from Hightower Advisors highlights key growth trends in the cybersecurity industry, including cloud security, regulatory efforts, and generative AI. Major players like IBM, Palo Alto Networks, Alphabet, CrowdStrike, Microsoft, Amazon, Fortinet, Zscaler, and Okta are poised to benefit from these trends.

Portfolio Pulse from Surbhi Jain

August 01, 2024 | 3:58 pm

IWM

SPY

TLT

USO

Geopolitical tensions in the Middle East and disappointing economic data have led to increased demand for U.S. Treasury bonds, causing the iShares 20+ Year Treasury Bond ETF (TLT) to rise. The S&P 500 (SPY) and iShares Russell 2000 ETF (IWM) fell, while the United States Oil Fund (USO) also declined. Markets are now expecting three Federal Reserve rate cuts by year-end.

Portfolio Pulse from Piero Cingari

August 01, 2024 | 3:53 pm

MO

PM

XXII

The FDA has issued warning letters to five online retailers for selling unauthorized disposable e-cigarette products. This regulatory action aims to curb the sale of unapproved vaping products.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:39 pm

EIS

ISRA

SPY

Israel has issued a warning to its citizens to exercise extra caution while abroad due to threats from Iran, Hamas, and Hezbollah. The National Security Agency has indicated that Israeli and Jewish institutions abroad may be targeted.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:37 pm

SPY

The U.S. has announced a major prisoner exchange with Russia, releasing 16 people from Russia in exchange for 8 held in the U.S. and other countries. This is the largest prisoner swap since the Cold War. The U.S. expressed gratitude to Turkey for logistical support, and Germany will release convicted murderer Vadim Krasikov. President Biden will meet with the families of the released Americans and address the nation.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:33 pm

MSFT

Microsoft is scaling back its AI partnership with Emirati firm G42 due to concerns over the firm's ties to China. This decision involves modifying plans to share sensitive AI hardware and intellectual property.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:22 pm

TLT

Weekly jobless claims rose to a 2024 high of 249,000, surpassing expectations. This has led to mixed reactions from economists and heightened interest in the upcoming jobs report. The S&P 500 and Nasdaq Indexes remained stable, while the iShares 20+ Year Treasury Bond ETF (TLT) saw a 1.27% increase.

Portfolio Pulse from Hayden Buckfire

August 01, 2024 | 3:15 pm

GNNSF

JNJ

LEGN

Genscript Biotech Corp. (OTC:GNNSF) is considering selling its 48% stake in Legend Biotech (NASDAQ:LEGN) amid potential buyout offers. Legend's core cancer therapy, Carvykti, is expected to peak at $7.3 billion in annual sales. Despite Genscript's strong cash reserves, U.S. policy risks may influence its decision.

Portfolio Pulse from The Bamboo Works

August 01, 2024 | 2:52 pm

LUCY

Innovative Eyewear Inc. (NASDAQ:LUCY) has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:24 pm