Streetbeat News

Regulatory

AAPL

ETHUSD

NVDA

SPY

TSLA

The article covers a range of topics including the tight race between Biden and Trump, Apple's focus on making devices thinner, cautious start for Wall Street, and various updates in the tech, crypto, and healthcare sectors. Key highlights include Goldman Sachs raising the S&P 500 year-end target, potential launch of a spot Ethereum ETF, and Apple's potential partnership with Japanese firms.

Portfolio Pulse from Akanksha Bakshi

June 17, 2024 | 2:18 pm

EWY

VGK

Russian President Vladimir Putin plans to visit North Korea this week, marking his first visit in nearly 25 years. This visit signifies deepening military ties between Russia and North Korea, as Russia seeks munitions to support its efforts in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:05 pm

The Supreme Court has granted approval to review the case 'Wisconsin Bell, Inc. v. U.S., ex rel. Heath'. This decision could have significant implications for the telecommunications industry.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:45 pm

DKNG

MGM

PENN

RSI

WYNN

The U.S. Supreme Court has denied the petition to hear the Florida sports betting case, allowing the gaming compact that permits online sports betting in Florida to stand. This decision is likely to impact shares of several sports betting companies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:40 pm

BTCUSD

ETHUSD

Prominent crypto analyst Ted highlights key economic indicators and central bank actions that could impact Bitcoin's price in the upcoming week. Despite positive inflation data, the Federal Reserve's cautious messaging and revised rate cut expectations could influence market sentiment. Bitcoin must maintain its $66,000 support level to avoid significant sell-offs.

Portfolio Pulse from Khyathi Dalal

June 17, 2024 | 1:39 pm

Several key investors of Toyota Motor Corp (NYSE:TM) plan to vote against the re-election of former CEO Akio Toyoda to the board of directors due to concerns over his continued influence and the need for more independent board oversight. This comes amid Toyota's recent certification crisis and Toyoda's controversial projections about the future of EVs.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 1:29 pm

RIO

Rio Tinto (NYSE:RIO) is set to receive approval from Serbia to develop Europe's largest lithium mine, the Jadar project, by 2028. This project aims to produce significant amounts of lithium carbonate, boric acid, and sodium sulfate, crucial for the EV industry and other industrial applications. Despite past environmental concerns and opposition, new guarantees from Rio Tinto and the EU have addressed these issues, leading to the project's revival.

Portfolio Pulse from Stjepan Kalinic

June 17, 2024 | 1:12 pm

NIO

TSLA

XPEV

Nio Inc. (NYSE:NIO) reported a widened loss for Q1 2023, with revenue down 7.2% year-on-year. The company is diversifying its brand to target middle and lower market segments with new brands Onvo and Firefly. Despite heavy investments in R&D and infrastructure, Nio faces stiff competition and regulatory challenges in foreign markets.

Portfolio Pulse from The Bamboo Works

June 17, 2024 | 1:10 pm

SLS

SELLAS Life Sciences announced that the Independent Data Monitoring Committee (IDMC) has recommended the continuation of the Phase 3 REGAL clinical trial of Galinpepimut-S in Acute Myeloid Leukemia without any modifications. No safety or futility concerns were raised, and an interim analysis is anticipated by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:07 pm

GSK

ITOS

iTeos Therapeutics and GSK have initiated the GALAXIES Lung-301 Phase 3 study to assess the efficacy of belrestotug and dostarlimab in treating previously untreated, unresectable, locally advanced or metastatic PD-L1 selected non-small cell lung cancer. The primary endpoints are progression-free survival and overall survival.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:07 pm