Streetbeat News

Regulatory

AGFY

Agrify has regained compliance with Nasdaq's stockholders' equity requirement, meeting the minimum threshold of $2.5 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:42 am

FBTC

IBIT

Ethereum (ETH) is expected to see a major price surge following the approval of a spot Ethereum ETF, with analysts at QCP Capital highlighting strong demand and political support. The broader crypto market, including Bitcoin, is also showing positive signs, with significant inflows into Bitcoin ETFs like BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's Wise Origin Bitcoin Fund (FBTC). However, ETH's major breakout is contingent on further regulatory clarity and S-1 approvals.

Portfolio Pulse from Murtuza Merchant

May 28, 2024 | 11:40 am

BTCUSD

Bitcoin's future price movement is likely to be influenced by four key catalysts: interest rates, regulatory clarity, the presidential election, and Bitcoin's evolution. Analysts highlight the importance of the Federal Reserve's stance on rate cuts, the potential impact of a stablecoin bill, the outcome of the presidential election, and ongoing enhancements to the Bitcoin network.

Portfolio Pulse from Kaustubh Bagalkote

May 28, 2024 | 11:33 am

AAPL

AMC

BOX

CAVA

GME

NVDA

QQQ

SPY

Wall Street is expected to open slightly higher after the Memorial Day weekend, with tech and meme stocks showing gains. The SEC's transition from T+2 to T+1 settlement cycle aims to reduce trade risks. Key economic data and Fed speeches will influence market sentiment this week. Nvidia's earnings have boosted tech stocks, while GameStop and AMC saw significant premarket gains. Box and CAVA Group are set to report quarterly results after market close.

Portfolio Pulse from Shanthi Rexaline

May 28, 2024 | 11:27 am

AGIO

Trading halt status for AGIO was updated at 7:25:00 AM ET. The quotation resumption times and related news are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:25 am

DKNG

DraftKings shares are trading lower after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 11:24 am

AGIO

Trading for AGIO was halted at 6:55:09 a.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:55 am

MRK

Merck's KEYTRUDA has shown a significant improvement in overall survival for patients with high-risk early-stage triple-negative breast cancer (TNBC) in the Phase 3 KEYNOTE-522 trial. The results will be presented at an upcoming medical meeting and shared with regulatory authorities.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:47 am

TSLA

Tesla Inc (NASDAQ:TSLA) employees in China have reportedly been registered for the FSD Beta program, indicating a potential step towards deploying Tesla's advanced driver assistance system in China. However, no FSD features have been activated yet. CEO Elon Musk aims to deploy FSD in all markets with regulatory approval, including China. Tesla shares closed up 3.2% at $179.24 on Monday but are down nearly 28% year to date.

Portfolio Pulse from Anan Ashraf

May 28, 2024 | 10:41 am

ELAN

Elanco announced that the FDA has completed its review of Bovaer, a first-in-class methane-reducing feed ingredient for the U.S. dairy industry. This development could have significant implications for the company's market position and environmental impact.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 10:29 am