Streetbeat News

Regulatory

SPY

VGK

President Biden and Ukraine's President Zelenskiy have signed a 10-year U.S.-Ukraine security agreement aimed at bolstering Ukraine's defense. This agreement is expected to enhance military cooperation and support between the two nations.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:32 pm

BMY

Bristol-Myers Squibb (BMY) has received FDA accelerated approval for its drug Repotrectinib.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:14 pm

EIS

SPY

USO

President Biden remains optimistic about a potential Middle East deal but does not foresee a ceasefire in the near future. This ongoing conflict could impact various sectors, including energy and defense.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:11 pm

COIN

ETHUSD

The Biden campaign is exploring the possibility of accepting cryptocurrency donations through Coinbase Commerce, aligning with a strategy to engage crypto-focused voters. This move follows Trump's campaign, which already accepts crypto donations. The discussions are in response to backlash from Biden's previous anti-crypto actions and the need to counter Trump's pro-crypto stance.

Portfolio Pulse from Murtuza Merchant

June 13, 2024 | 5:00 pm

ALK

BA

GABF

ITA

Boeing (NYSE:BA) shares are trading lower following FAA's admission of insufficient oversight after a mid-air emergency involving Alaska Air (NYSE:ALK). Additionally, Boeing is investigating a new quality issue with its 787 Dreamliner. The stock has lost over 18% in the past year. Investors can gain exposure via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Gabelli Financial Services Opportunities ETF (NYSE:GABF).

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 4:52 pm

YPF

YPF Sociedad Anonima (NYSE:YPF) shares are trading higher following the passage of an economic reform bill in Argentina's Senate. The bill aims to increase investment by privatizing state-owned enterprises and offering business incentives.

Portfolio Pulse from Dylan Berman

June 13, 2024 | 4:47 pm

AGG

FBND

IUSB

VTEB

The Federal Reserve decided to keep interest rates unchanged at a 23-year high of between 5.25% and 5.5%, aiming to reduce inflation from 3.3% to 2%. Bond ETFs remained stable, with slight increases in their prices. The Fed plans to continue reducing its holdings of Treasury securities and agency debt.

Portfolio Pulse from Michael Juliano

June 13, 2024 | 4:41 pm

SNOW

Snowflake is set to close its investigation into a hacking incident that targeted its clients. The company has taken measures to address the breach and ensure the security of its platform.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:41 pm

DKNG

Goldman Sachs analyst Ben Miller has a Buy rating and $60 price target on DraftKings Inc (NASDAQ:DKNG), despite regulatory risks and increased state taxes in Illinois. The acquisition of Jackpocket is seen as a positive, with significant revenue and EBITDA growth expected in the coming years.

Portfolio Pulse from Chris Katje

June 13, 2024 | 4:15 pm

PBHC

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) has received regulatory approvals to acquire the East Syracuse branch of Berkshire Bank. The approvals were granted by the New York State Department of Financial Services and the Federal Deposit Insurance Corporation.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:02 pm