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SPY

Fed's Cook indicates that a rise in inflation expectations would necessitate maintaining a restrictive monetary policy for a longer period. The policy would also need to adapt to any sharper-than-expected economic or job market weakening. The Fed remains committed to a 2% inflation target, noting that inflation has slowed and labor market tightness has eased. Risks to achieving inflation and employment goals are now more balanced.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:11 pm

SPY

Fed's Cook states that the current monetary policy is well-positioned to respond to the economic outlook. While the policy is currently restrictive, rate cuts may be appropriate in the future depending on economic data and inflation expectations.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:11 pm

SPY

The U.S. CDC has monitored 690 people for bird flu, with 51 tested for flu-like symptoms and 3 testing positive for H5N1. The Agriculture Department aims to eliminate bird flu from dairy cattle without using vaccines.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:07 pm

NVO

Novo Nordisk (NYSE:NVO) shares are trading higher following China's approval of its weight loss drug, Wegovy. Despite a patent expiration in China in less than two years, the company has patents in the U.S. and Europe lasting until 2032 and 2031, respectively. Novo also announced a $4.1 billion investment in a U.S. facility for Wegovy and Ozempic.

Portfolio Pulse from Dylan Berman

June 25, 2024 | 3:58 pm

UBS

UBS Group shares are trading lower after reports indicated that the company sold a partial stake in its China joint venture to Beijing State-owned Assets Management to comply with local regulations.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:49 pm

SNPX

Synaptogenix has been granted U.S. Patent Number 12,016,837 for 'Halogenated Esters Of Cyclopropanated Unsaturated Fatty Acids For Use In The Treatment Of Neurodegenerative Diseases (Including Alzheimer's Disease)'.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:46 pm

VZ

The FCC has fined Verizon $1.05 million for a 2022 outage that affected the 911 system in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:38 pm

OLN

RGR

SWBI

VSTO

U.S. Surgeon General Vivek H. Murthy has declared gun violence a public health crisis, urging the nation to address it with the same urgency as tobacco and motor vehicle accidents. The advisory highlights the significant physical and mental toll of gun violence, which has become the leading cause of death for children and adolescents in the U.S. The news has had mixed impacts on firearm-related stocks.

Portfolio Pulse from Michael Juliano

June 25, 2024 | 3:38 pm

VZ

The FCC has settled with Verizon for over $1 million due to violations related to a 911 outage.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:33 pm

MFG

MUFG

SMFG

Shares of Japanese banks are trading higher amid reports of the Bank of Japan signaling a potential July rate hike.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 3:26 pm