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The House of Representatives has voted to remove Kevin McCarthy as Speaker, with Rep. Patrick McHenry assuming the interim position. Goldman Sachs predicts a Q4 government shutdown due to unresolved policy disputes and a $120 billion gap in preferred spending levels. This political uncertainty could impact financial markets and economic stability. The defense and renewable energy sectors, including Lockheed Martin Corp., Boeing Co., and ETFs like iShares U.S. Aerospace & Defense ETF, Invesco Solar ETF, and Invesco WilderHill Clean Energy ETF, are particularly susceptible.

Portfolio Pulse from Piero Cingari

October 04, 2023 | 1:49 pm

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3D Medicines Inc. announced plans to repurchase up to 10% of its outstanding shares over the next 12 months, causing its stock to trade 7.2% higher. The company's management believes the current trading price does not reflect the intrinsic value and business prospects of the company. Despite strong sales and financial performance, the company's share price has dropped 87% year-to-date due to the broader Hong Kong market sell-off.

Portfolio Pulse from Daniel Harrison

October 04, 2023 | 1:49 pm

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The S&P Global Composite PMI for September was reported at 50.2, which is in line with the prior figure and slightly above the estimate of 50.1.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:45 pm

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The S&P Global Services PMI for September was reported at 50.1, slightly below the estimated 50.2 and the prior figure of 50.5.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:45 pm

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U.S. stocks traded higher with the Dow Jones gaining over 50 points. The ADP reported that private businesses in the U.S. added 89,000 workers in September, the least since Jan. 2021, and below market estimates of 153,000. Shares of Conduit Pharmaceuticals, Gaucho Group Holdings, and Vivos Therapeutics rose significantly, while shares of Kineta, A10 Networks, and Molekule Group fell. Molekule Group and its subsidiary have filed for Chapter 11 bankruptcy.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 1:44 pm

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Traders are circulating news that Zacks Healthcare Innovators has purchased stock in Vanda Pharmaceuticals.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:43 pm

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Shares of Lithium Americas (Argentina) Corp. have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:41 pm

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Shares of Lithium Americas (Argentina) Corp. have been halted on a circuit breaker due to a 4.55% drop in the stock price.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:37 pm

AEHL

Antelope Enterprise Holdings Limited (AEHL), which operates KylinCloud, a livestreaming ecommerce business in China, has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). The company's Class A ordinary shares were at or above $1.00 for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:36 pm

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Truist Securities analyst Jordan Levy has maintained a 'Sell' rating on Enviva (NYSE:EVA) and lowered the price target from $10 to $5.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 1:35 pm