Streetbeat News

Regulatory

IBIO

iBio has received a Notice of Allowance for its US Patent Application 17/821,295, titled 'Anti-CD-25 Antibody for the Treatment of Cancer'. This patent is significant for iBio's cancer treatment pipeline.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:30 pm

MRK

MRNA

MYNZ

Merck Group ends Phase III trial of cancer drug Xevinapant, while Merck & Co reports positive data for its antibody-drug conjugate therapy and continues trials with Moderna for a melanoma vaccine. Mainz Biomed presents promising results for its colorectal cancer test and prepares for FDA approval.

Portfolio Pulse from Upwallstreet

June 26, 2024 | 3:29 pm

FXY

The Japanese yen has plummeted to 160 against the dollar, its lowest level since December 1986, prompting speculation about potential intervention by the Bank of Japan. The yen's depreciation is tracked by the Invesco CurrencyShares Japanese Yen Trust (NYSE: FXY). Analysts suggest that the Bank of Japan may intervene depending on upcoming economic data and the speed of yen depreciation.

Portfolio Pulse from Piero Cingari

June 26, 2024 | 3:26 pm

BRK

IBKR

Interactive Brokers Group (NASDAQ: IBKR) reported $48 million in losses due to a trading anomaly involving Berkshire Hathaway (NYSE: BRK) shares. Despite the losses, IBKR shares are slightly up. The company will also launch forecast contracts on economic and climate events through its subsidiary, ForcastEx.

Portfolio Pulse from Dylan Berman

June 26, 2024 | 3:12 pm

ZKIN

ZK International has been granted an additional extension by Nasdaq to file its Form 20-F for the fiscal year ended September 30, 2023. The new deadline is August 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 3:12 pm

MJ

MSOS

The NCAA has voted to remove marijuana from its banned substances list for Division I college athletes, effective immediately. This policy change aligns with the World Anti-Doping Agency's rules and focuses on student-athlete health rather than punishment. The reform will be retroactively applied, discontinuing any penalties players are currently facing for cannabis-related violations.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:44 pm

PPL

PPL Corporation's subsidiaries, Louisville Gas and Electric Company and Kentucky Utilities Company, are expanding their collaboration with the U.S. Department of Energy to conduct a nuclear feasibility study. This research, funded by a DOE grant, aims to assess the feasibility of new nuclear technology at company sites in Kentucky.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:32 pm

AZN

China has approved AstraZeneca's Tagrisso combined with chemotherapy for first-line treatment of certain lung cancer patients. This approval follows similar approval in Japan and is based on positive results from the FLAURA2 Phase 3 trial, showing significant improvement in progression-free survival.

Portfolio Pulse from Vandana Singh

June 26, 2024 | 2:08 pm

BA

ITA

PPA

The FAA has issued a new airworthiness directive for 13 Boeing 757-200 airplanes registered in the U.S. due to concerns over fatigue cracking. This directive mandates inspections and repairs to prevent potential in-flight depressurization and structural integrity issues. Boeing is also under scrutiny for multiple flight incidents and may face criminal charges for allegedly breaching a deferred prosecution agreement. Boeing's stock has declined over 14% in the past year.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 2:04 pm

GOOG

GOOGL

META

PINS

SNAP

The U.S. Supreme Court has ruled against a free speech challenge to the Biden administration's contacts with social media platforms. This decision could impact companies like Alphabet (GOOG, GOOGL), Meta Platforms (META), Pinterest (PINS), and Snap Inc. (SNAP).

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:03 pm