Streetbeat News

Regulatory

COGT

Cogent Biosciences has reported updated lead-in data from its ongoing Phase 3 PEAK trial at the ASCO Annual Meeting. The company has accelerated its guidance for the PEAK Phase 3 trial, with enrollment completion now expected in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 9:09 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are slightly down as the Ethereum ETF decision looms. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are trading lower. The S&P Global US Services and Manufacturing PMIs have risen, exceeding market expectations. Charles Schwab's survey shows traders view cryptocurrencies as risky, and the House passed a bill to ban the Federal Reserve from establishing a CBDC. Bitcoin long liquidations peaked at a two-week high, and notable developments include Wisconsin becoming the first state to buy Bitcoin.

Portfolio Pulse from Khyathi Dalal

May 23, 2024 | 8:31 pm

BHP

BVN

FMST

TMC

Foremost Lithium completed its winter drilling program, TMC praised a legislative proposal for refining studies, Buenaventura suspended plant operations due to community issues, and BHP secured an extension for its takeover bid of Anglo American.

Portfolio Pulse from austin@walkonholdings.com

May 23, 2024 | 8:27 pm

SLNA

Selina Hospitality PLC (SLNA) has received a notice from Nasdaq indicating that the company is not in compliance with the minimum bid price requirement. Selina has a 180-day period to regain compliance. The company is exploring options to address the issue and remains committed to its growth strategy.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:11 pm

XCUR

Exicure has received a delisting determination notice from Nasdaq, which could significantly impact its stock price and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 8:01 pm

DKNG

DraftKings Inc. (NASDAQ:DKNG) shares are trading lower due to concerns over increasing taxation in the sports betting industry. The company has also completed its acquisition of digital lottery app Jackpocket, aiming to enhance customer acquisition and cross-selling initiatives.

Portfolio Pulse from Vaishali Prayag

May 23, 2024 | 7:53 pm

BA

FAA's Whitaker is set to brief lawmakers on Boeing's safety issues in early June. This comes as Boeing faces a long road to address these concerns, according to the FAA.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:41 pm

SPY

Federal Reserve's Raphael Bostic stated at a Stanford University event that it might take longer for the U.S. to reach the 2% inflation target compared to other countries.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:25 pm

SPY

Federal Reserve's Raphael Bostic stated that job growth has been robust, which supports maintaining restrictive monetary policies. He emphasized that the economy is not in danger of becoming overly contractionary and suggested patience to avoid overheating the economy.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:20 pm

SPY

Federal Reserve's Raphael Bostic indicated that more patience and certainty are needed regarding inflation's path to 2% before adjusting the policy rate. This statement was made during a speaking event at Stanford University.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:16 pm