Streetbeat News

Assets

KRYS

Krystal Biotech has completed the sale of its Rare Pediatric Disease Priority Review Voucher for $100M. The company was awarded the voucher following FDA accelerated approval of VYJUVEK for recessive or dominant dystrophic epidermolysis bullosa (DEB) for patients 6 months of age and older.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:15 am

FXI

China's Premier Li has announced plans to promote the deep integration of digital technology and the real economy, according to Reuters citing state media. The iShares China Large-Cap ETF (FXI) could be impacted by this news.

Portfolio Pulse from Charles Gross

August 21, 2023 | 11:11 am

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DD

GS

PANW

TSLA

ZM

US stocks recorded a weekly loss, with Zoom Video and Palo Alto Networks among stocks to watch. Crypto market saw a slide with Vitalik Buterin sending $1M in Ethereum to Coinbase. Tesla faced a data breach affecting over 75,000 people and Elon Musk revealed challenges in developing Tesla's humanoid bot. Citigroup plans to split its biggest division, while Goldman Sachs faces potential lawsuits over 1MDB settlement. DuPont plans to sell its Delrin Resins business for $1.8B.

Portfolio Pulse from Akanksha Bakshi

August 21, 2023 | 11:06 am

DOGEUSD

SHIBUSD

A TikTok user named Damien Soylash sold his Shiba Inu (CRYPTO: SHIB) tokens early and missed out on the opportunity to turn a $2,000 investment into $225 million. He bought 25 trillion SHIB tokens in January 2021 but sold them after a few weeks due to a price drop. SHIB, introduced in 2020 by an entity named Ryoshi, has been dubbed as a 'Dogecoin (CRYPTO: DOGE) Killer' due to its soaring value in 2021.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 11:04 am

PPTA

Perpetua Resources has been awarded up to $15.5 million in funding from the Department of Defense to demonstrate a fully domestic antimony trisulfide supply chain.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 11:03 am

HL

Hecla Mining has reported a fall of ground in the Lucky Friday Mine's #2 Shaft, which is expected to impact production and cost guidance for the mine. The company is developing a plan to resume production and will update 2023 guidance once the plan is ready.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 10:05 am

FXI

China's major state-owned banks were reported by Reuters to be actively mopping up offshore Yuan liquidity on Monday. This could potentially impact the FXI ETF, which tracks Chinese large-cap stocks.

Portfolio Pulse from Charles Gross

August 21, 2023 | 9:58 am

BP

TTE

Chinese liquefied natural gas (LNG) importers are expanding their trading desks in London and Singapore to manage their growing supply portfolios in the volatile global market. This move positions them against global giants like Shell, BP, and TotalEnergies. Chinese companies ENN Natural Gas and China National Offshore Oil Corp are planning London offices, while China Gas Holdings is initiating a Singapore operation. Chinese gas importers have increased their long-term LNG contracts with Qatar and U.S. suppliers by nearly 50% since late 2022.

Portfolio Pulse from Benzinga Neuro

August 21, 2023 | 9:41 am

DD

DuPont de Nemours Inc is reportedly in advanced talks with The Jordan Company to sell its Delrin resins unit for around $1.8 billion. The deal aligns with DuPont's focus on electronics, automotive, and water and industrial technologies industries. No final decision has been made and talks could still fall apart. DuPont recently reported a Q2 FY23 sales decrease of 7% Y/Y to $3.09 billion, beating the consensus of $3.00 billion.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 9:27 am

BTCUSD

COIN

ETHUSD

Vitalik Buterin, co-founder of Ethereum, transferred over $1 million worth of ETH to cryptocurrency exchange Coinbase Global Inc amid a sharp decline in Ethereum's value. The transfer comes as Ethereum experienced an over 11% drop in the past week, leading to traders facing about $1 billion in liquidations. The reasons for Buterin's transfer remain unclear.

Portfolio Pulse from Mehab Qureshi

August 21, 2023 | 9:27 am