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Legal

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SPY

A judge has denied Donald Trump's motions to dismiss the New York indictment, confirming a trial start date of March 25. The charges involve falsifying business records related to a hush money case.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:43 pm

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Donald Trump has arrived for a court hearing related to a criminal case involving alleged hush money payments. The case has garnered significant media attention and could have implications for Trump's political future.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:41 pm

SATS

The Buxton Helmsley Group, Inc. (BHG), an investment fund manager, has issued multiple open letters to EchoStar Corporation's (NASDAQ:SATS) Board of Directors, alleging serious financial mismanagement, including undisclosed asset value depreciation and potential multibillion-dollar accounting and securities fraud. Despite these allegations and the material decline in EchoStar's trading values, the company has not publicly responded or indicated any internal investigation.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:08 pm

BTCUSD

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Cryptocurrencies surge with Bitcoin's market cap surpassing $1 trillion, potentially hitting $60K. US markets see mixed movements, with Cisco issuing a weak outlook. Global politics and economy updates include sanctions on Russia and BRICS nations challenging G7 dominance. Tech highlights include Uber's price target boost and Apple's AI chip advancements. Electric Vehicle sector notes Tesla's market strategies and challenges. New York City sues major social platforms over mental health concerns. Pfizer settles a lawsuit, and Lockheed Martin faces budget cuts on F-35 orders.

Portfolio Pulse from Akanksha Bakshi

February 15, 2024 | 2:02 pm

SPY

VGK

Brainard emphasized the importance of Russia compensating for the war in Ukraine, highlighting potential geopolitical and economic implications.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:01 pm

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A new study highlights the potential of psychedelics like LSD and magic mushrooms in improving sexual function. The FDA has accepted an NDA from Lykos Therapeutics for MDMA-assisted therapy for PTSD, marking a significant step towards integrating psychedelic therapies into mainstream medicine. Despite the growing interest and decriminalization efforts in several states, federal law still prohibits psilocybin. Canadian research supports psilocybin therapy for end-of-life distress, and a Washington doctor is challenging the DEA for approval to use it with terminally ill patients. The psychedelics sector, including companies like Numinus Wellness and various psychedelics stocks, shows signs of growth and investor interest.

Portfolio Pulse from Lara Goldstein

February 15, 2024 | 1:36 pm

GBTC

Genesis Global, a bankrupt crypto lending firm, received court approval to liquidate approximately $1.6 billion in Grayscale cryptocurrency trust shares, including Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust, to settle debts with creditors. The sale is crucial for reimbursing clients and avoiding monthly fees. Despite objections from its parent company, Digital Currency Group (DCG), the court dismissed concerns about proceeding without a comprehensive bankruptcy strategy. Genesis aims to wind down operations and repay clients in cash or cryptocurrency. Settlements with the SEC and NY Attorney General prioritize customer repayment, with the SEC to receive a $21 million penalty from any residual funds.

Portfolio Pulse from Murtuza Merchant

February 15, 2024 | 1:26 pm

PRQR

ProQR announced that its Japanese patent for Axiomer, related to ADAR-mediated RNA editing, has been upheld following an opposition against its intellectual property estate. This development reinforces ProQR's IP position in the RNA editing space, a key area for therapeutic advancements.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 12:20 pm

PLCE

Children's Place has experienced a change of control due to actions by Mithaq, leading to an event of default under its amended and restated credit agreement. The company is currently in discussions with lenders to seek a waiver for this event of default.

Portfolio Pulse from Charles Gross

February 15, 2024 | 11:43 am

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