Streetbeat News

Regulatory

IPHA

SNY

Innate Pharma and Sanofi's blood cancer treatment SAR443579/IPH6101 shows over 10 months of durable complete remission in a Phase 1/2 study, with results discussed at the EHA Congress. The treatment continues to show clinical benefits and a favorable safety profile, marking significant progress in its development.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:20 am

FXI

KBA

KWEB

MCHI

The People's Bank of China (PBOC) has kept its key interest rate unchanged for the tenth consecutive month to stabilize the yuan and manage liquidity. This decision aligns with market expectations and aims to maintain currency stability despite economic uncertainties. The PBOC's cautious approach may dampen expectations for monetary easing.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 4:09 am

GOOGL

MSFT

TSLA

Elon Musk praised Geoffrey Hinton, the 'Godfather of AI,' for his insights on the potential risks of AI surpassing human intelligence within the next 20 years. Hinton emphasized the need for significant investment in AI safety and called for government intervention.

Portfolio Pulse from Ananya Gairola

June 17, 2024 | 2:21 am

AAPL

AMZN

GOOG

META

MSFT

TSLA

The past week in consumer tech saw significant developments including Mark Cuban's concerns about AI regulation, data breaches at a SoftBank and Naver co-owned company, and the launch of a controversial gossip app. Vrio Corporation partnered with Amazon's Project Kuiper for satellite broadband in South America. Microsoft announced that 'Call of Duty: Black Ops 6' will require a constant internet connection. Apple made several announcements at WWDC 2024, including updates to visionOS, iOS 18, and a new AI initiative. Google faced fines and privacy complaints, while Samsung combined its AI research centers. Meta Platforms and Tesla were also in the news for various reasons.

Portfolio Pulse from Lekha Gupta

June 16, 2024 | 10:42 pm

TIP

Former Treasury Secretary Larry Summers criticized Donald Trump's fiscal policy proposals, warning they could lead to severe stagflation. Summers highlighted the inflationary impact of Trump's tariff and labor restriction plans, comparing them to the damaging Smoot-Hawley tariffs of the Great Depression era. The iShares TIPS Bond ETF (NYSE:TIP) saw a slight increase, reflecting market concerns about inflation.

Portfolio Pulse from Shanthi Rexaline

June 16, 2024 | 5:33 pm

SPY

XHB

Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the best action the Fed can take for the housing market is to reduce inflation. This statement suggests a focus on monetary policy to control inflation, which could impact housing-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2024 | 3:26 pm

SPY

XHB

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that the median projection is for one interest rate cut, likely toward the end of the year. He emphasized the need for more evidence to be convinced that inflation is heading towards the 2% target.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2024 | 3:25 pm

AAPL

Anthony Scaramucci criticized CEOs, including Apple CEO Tim Cook and Blackstone Group CEO Steven Schwarzman, for supporting Donald Trump's policies during a recent Business Roundtable meeting. Scaramucci accused them of 'Trump-nesia' and warned of the dangers of a Trump presidency.

Portfolio Pulse from Bibhu Pattnaik

June 16, 2024 | 2:13 pm

AAPL

GOOG

TSLA

This week in AI news, Apple announced new AI privacy measures and integration of ChatGPT into its devices, while Tesla's Elon Musk predicted a future boom in humanoid robots. Additionally, a Google engineer criticized OpenAI for hindering AI progress.

Portfolio Pulse from Benzinga Neuro

June 16, 2024 | 12:30 pm

AAPL

TSLA

Apple Inc. (NASDAQ:AAPL) has been at the center of tech news this week with its AI-powered features, new iOS 18 update, and a partnership with OpenAI that sparked criticism from Elon Musk. Key developments include Steve Wozniak's take on Apple's AI, the unveiling of iOS 18, and Musk's concerns over data security and privacy.

Portfolio Pulse from Benzinga Neuro

June 16, 2024 | 9:21 am