Streetbeat News

Regulatory

IMTX

Immatics announced updated Phase 1b data for its ACTengine IMA203 targeting PRAME in melanoma patients, showing promising results in progression-free survival and overall survival. The company plans to proceed to a Phase 3 trial, SUPRAME, set to begin in December 2024.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 10:36 am

GOOGL

TSLA

UBER

Uber is leveraging its extensive ridesharing network to compete in the robotaxi sector against Tesla and Waymo. Uber's strategy focuses on expanding its marketplace rather than developing autonomous vehicles, providing a cost-effective advantage. Tesla and Waymo face challenges with costly autonomous fleets and regulatory hurdles.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 10:33 am

GOOGL

USO

U.S. markets closed higher due to Federal Reserve minutes indicating support for a rate cut. Tech stocks were mixed, with Alphabet down 1.5% due to antitrust concerns. Crude oil prices surged on supply risks, while U.S. futures and the dollar index showed slight declines.

Portfolio Pulse from Akanksha Bakshi

October 10, 2024 | 10:26 am

GOOGL

MSFT

OpenAI has revealed that its platform is being misused for election interference globally, but no significant breakthroughs in creating new malware or viral content have been observed. The report comes ahead of the U.S. presidential election, where Kamala Harris leads Donald Trump in polls.

Portfolio Pulse from Ananya Gairola

October 10, 2024 | 9:43 am

ALVO

Alvotech announced that the European Medicines Agency has accepted its marketing authorization application for AVT03, a proposed biosimilar to Prolia and Xgeva. This development is a significant step for Alvotech in expanding its biosimilar portfolio.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:35 am

TD

TD Bank is expected to pay approximately $3 billion in penalties as part of an anti-money-laundering settlement. This settlement may also include growth restrictions for the bank in the U.S.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:10 am

BABA

BIDU

JD

LI

MCHI

NIO

TCEHY

XPEV

The People's Bank of China (PBoC) announced new measures to stabilize the Chinese equity market, leading to a significant rally in both the Shanghai Composite Index and Hong Kong's Hang Seng Index. This positive sentiment extended to US-listed Chinese stocks, with notable gains for Alibaba, XPeng, Li Auto, Nio, JD.com, Tencent, and Baidu. The iShares MSCI China ETF, however, ended the previous session down.

Portfolio Pulse from Shanthi Rexaline

October 10, 2024 | 6:14 am

PHAR

Pharming Group has initiated a Phase II clinical trial for leniolisib, targeting rare primary immunodeficiencies with immune dysregulation. The trial, conducted at the NIH, will focus on conditions linked to altered PI3Kẟ signaling.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:26 am

COIN

Cathie Wood and Michael Saylor congratulated Coinbase CEO Brian Armstrong on his marriage to Angela Meng. Armstrong's personal life event coincides with a dynamic period for Coinbase, marked by record growth due to Bitcoin ETFs and ongoing regulatory challenges.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 4:50 am