Streetbeat News

Regulatory

UNH

The Centers for Medicare and Medicaid Services (CMS) will end the advance payments program initiated after a cyberattack on UnitedHealth Group's Change Healthcare unit. The program, which provided over $3.2 billion in accelerated and advance payments to Medicare providers and suppliers, will stop accepting new applications after July 12. CMS has recovered over 96% of these payments, and providers are now billing Medicare successfully. UnitedHealth has provided over $6 billion in support to care providers affected by the cyberattack.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 2:52 pm

SPY

Federal Reserve's Barkin highlighted the volatility in household surveys compared to payroll surveys, suggesting that the latter may provide a more stable measure of employment trends.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:43 pm

ITCI

Intra-Cellular Therapies Inc (NASDAQ:ITCI) announced successful topline results from Study 502, evaluating lumateperone 42 mg as an adjunctive therapy for major depressive disorder (MDD). The study met its primary and key secondary endpoints, showing significant improvements in depression severity and illness severity compared to placebo. The company plans to submit a supplemental FDA application in the second half of 2024. ITCI shares rose 10.5% following the announcement.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 2:37 pm

SPY

Federal Reserve's Barkin stated that he believes the current monetary policy is at a restrictive level, but it is still uncertain how restrictive it actually is.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:34 pm

AWIN

AERWINS Technologies shares are trading lower after the company announced it would not appeal the Nasdaq delisting decision.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:33 pm

FXI

SPY

Senate Intelligence Committee Chair Warner emphasized the need for U.S. agencies to improve their monitoring of Chinese technology and other efforts. This statement highlights growing concerns over national security and technological competition between the U.S. and China.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:31 pm

SPY

Federal Reserve's Barkin highlighted the inconsistency in economic data since last year, indicating that the future path for monetary policy remains uncertain.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:25 pm

SPY

Federal Reserve's Barkin expressed strong support for the recent policy decision made last week. This statement could influence market sentiment and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:24 pm

AAPL

BA

META

NVDA

TSLA

The article covers a range of topics including the decline of major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin amid market pessimism, Wall Street's focus on retail sales data and Fed speeches, and various corporate and economic updates. Notable mentions include Nvidia's significant insider trading, Tesla's stock awards to employees, and Boeing's CEO facing questions on plane safety.

Portfolio Pulse from Akanksha Bakshi

June 18, 2024 | 2:21 pm

DLTR

The U.S. FDA has issued a warning letter to Dollar Tree for continuing to have adulterated Apple Cinnamon Fruit Puree Pouches on its shelves.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:20 pm