Streetbeat News

Regulatory

WMT

The FDA issued a warning letter to Walmart on July 25 regarding the distribution of 'Skin Beauty Solutions Lactic Acid Skin Peel 90%' which violates the FD&C Act.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:37 pm

SAVE

Spirit Airlines (NYSE:SAVE) shares are trading higher after the company introduced new premium offerings and a U.S. appeals court blocked a rule requiring airlines to disclose fees upfront. The new travel packages include various options such as snacks, reduced baggage fees, and Wi-Fi service. Spirit's stock is currently trading below its 50-day moving average, and 19.11% of shares are being sold short.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 3:35 pm

BA

SPR

Spirit AeroSystems announced that it expects the completion of its transactions with Boeing to occur by mid-2025, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:27 pm

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