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Ahead of the U.S. Federal Reserve's interest-rate decision, Ethereum (CRYPTO: ETH) traded lower, while Bitcoin (CRYPTO: BTC) traded slightly higher. Litecoin (CRYPTO: LTC) was among the biggest losers. The global crypto market cap fell to $1.07 trillion, a 24-hour decline of 0.4%.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 2:01 pm

BTCUSD

DOGEUSD

ETHUSD

LTCUSD

XRPUSD

The New York Department of Financial Services (DFS) has updated its list of approved cryptocurrencies, removing Ripple (CRYPTO: XRP), Dogecoin (CRYPTO: DOGE), and Litecoin (CRYPTO: LTC). The revised list includes Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and PayPal Dollar. The changes are part of DFS's updated digital currency supervision plan.

Portfolio Pulse from Benzinga Neuro

September 20, 2023 | 1:53 pm

SPY

USO

VGK

Russian oil producers have sent their first cargoes of CPC Blend to the UAE, opening up a new route for exports, according to Reuters citing LSEG data.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:53 pm

MEDIF

MediPharm Labs Corp. (TSX:LABS) (OTCQB:MEDIF) has ended its royalty agreement with Shelter Cannabis for the Shelter Cannabis Brands IP portfolio. The supplementary agreement will improve the product line's gross margin, allowing MediPharm to invest more in the brand. MediPharm will continue to review its product categories and selling channels to optimize margins and streamline operations. The company's shares traded 1.35% higher at $81.99 per share during the pre-market session on Wednesday.

Portfolio Pulse from Jelena Martinovic

September 20, 2023 | 1:42 pm

XOM

Exxon Mobil is lobbying the Biden administration to allow hydrogen made from natural gas to qualify for subsidies under the new climate legislation. The company believes it can produce hydrogen without significant carbon dioxide emissions, making it as environmentally friendly as hydrogen from water and green energy. Exxon's lobbying efforts include key decision makers in Washington, including Secretary of Energy Jennifer Granholm and White House Climate Advisor Ali Zaidi.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2023 | 1:41 pm

BZAMF

TGODF

Canadian cannabis producer BZAM Ltd. has laid off over 90 employees and sold facilities as part of its plan to unlock synergies following the merger with The Green Organic Dutchman Holdings Ltd. The company expects to save $28 million from these actions, which will be used to pay off its $29 million debt. BZAM plans to launch new products in 2023 and 2024 and expand into the European market.

Portfolio Pulse from Jelena Martinovic

September 20, 2023 | 1:29 pm

BTCUSD

ETHUSD

Grayscale Investments has submitted a new application to the U.S. Securities and Exchange Commission (SEC) for an Ether futures ETF. This follows Grayscale's recent court victory against the SEC regarding their spot Bitcoin ETF application. The SEC has previously approved Bitcoin futures ETFs under both the Securities Act of 1933 and the Investment Company Act of 1940.

Portfolio Pulse from Murtuza Merchant

September 20, 2023 | 1:20 pm

TORO

Toro Corp. (NASDAQ:TORO) has announced the sale of two tankers, M/T Wonder Formosa and M/T Wonder Vega, for a total of $49.5M. The company expects a net gain of $26.7M from these sales, excluding transaction-related costs. The vessels are expected to be delivered to their new owners in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:02 pm

AKAN

Akanda Corp. has signed an option to develop a THC and CBD farming facility in Canada. As part of the agreement, Akanda will issue a non-refundable payment of $1.8 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:02 pm

KKR

Goldman Sachs is reportedly in advanced talks to sell its specialty lender, GreenSky, to a consortium of investment firms including Sixth Street, Pacific Investment Management, and KKR & Co Inc. The deal is expected to be worth $500 million, significantly less than the $1.7 billion Goldman paid for the business a year and a half ago. This comes after Goldman's consumer-lending business, including GreenSky, lost about $4 billion since 2020.

Portfolio Pulse from Shivani Kumaresan

September 20, 2023 | 12:25 pm