Streetbeat News

Regulatory

PTCT

PTC Therapeutics announced that the FDA has accepted the resubmission of the New Drug Application for Translarna, a treatment for nonsense mutation Duchenne muscular dystrophy.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:17 am

LI

NIO

XPEV

China has advised its automakers to halt investments in EU countries that supported additional tariffs on electric vehicles (EVs). This move could impact Chinese EV manufacturers like Li Auto, NIO, and XPeng, which are expanding in Europe.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:10 am

SCLX

Scilex announced a successful end of Phase II meeting with the FDA for its product candidate SP-103, a lidocaine topical system for chronic neck pain. The FDA agreed on a path forward to NDA upon completion of Phase III trials.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:20 am

BCLI

Brainstorm Cell Therapeutics has regained compliance with Nasdaq's minimum closing bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:15 am

CLF

Cleveland-Cliffs has received the final regulatory and program approvals under the Investment Canada Act and Strategic Innovation Fund to complete its acquisition of Stelco Holdings Inc.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:11 am

TEL

TE Connectivity announced a reorganization that will result in two reportable segments, Transportation Solutions and Industrial Solutions, starting in fiscal 2025. The company will provide recast financial information in an 8-K filing later this quarter.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:09 am

OGN

Shanghai Henlius Biotech and Organon announced that the FDA has accepted the Biologic License Application for HLX14, a biosimilar of PROLIA/XGEVA. This development could impact Organon's market position in the biosimilar space.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 10:06 am

TSLA

John Paulson, a billionaire investor and ally of Donald Trump, plans to collaborate with Elon Musk on federal spending cuts if appointed Treasury Secretary in a potential second Trump administration. Paulson aims to extend Trump's 2017 tax cuts and eliminate green energy subsidies. Musk's idea of a 'Department of Government Efficiency' aligns with these goals.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 9:17 am

GOOGL

MSFT

Microsoft is set to release its Q1 earnings on Oct. 30, with expectations of $3.1 EPS and $64.51 billion in revenue. Analysts have adjusted their price targets, with most maintaining positive ratings. Microsoft has accused Google of undermining its cloud business.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 8:55 am

BNBUSD

President Joe Biden praised Nigerian President Bola Tinubu for his role in the release of Binance executive Tigran Gambaryan. The release followed the dropping of money laundering charges against Gambaryan by the Nigerian government. This diplomatic effort highlights the cooperation between the U.S. and Nigeria in law enforcement and finance.

Portfolio Pulse from Aniket Verma

October 30, 2024 | 5:15 am