Streetbeat News

Regulatory

JBLU

JetBlue plans to apply for DOT slot exemptions to add a second daily nonstop flight between Washington National and San Juan. This is part of a broader effort to enhance Puerto Rico connectivity, including new domestic and international destinations, Mint service, and a new crew base in San Juan.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:03 pm

ETHUSD

XRPUSD

Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler, claiming his actions could lead to President Biden's defeat in the upcoming election. This comes amid a prolonged legal battle between the SEC and Ripple over the classification of XRP as a security. Gensler also provided updates on the progress of spot Ethereum ETFs in the U.S.

Portfolio Pulse from Murtuza Merchant

June 26, 2024 | 3:39 pm

BAC

FTXO

JPM

KBE

KBWB

PNC

USB

WFM

The six largest U.S. banks, including JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, U.S. Bancorp, and PNC Financial Services, have significantly increased their share buybacks despite recent stress tests. These banks collectively repurchased over $14 billion in shares in Q1 2023, a 73% increase from the previous six months. The Federal Reserve's potential easing of capital-rule proposals has likely influenced this decision.

Portfolio Pulse from Michael Juliano

June 26, 2024 | 3:37 pm

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

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