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Regulatory

WINT

Windtree Therapeutics, Inc. (WINT) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company's stock had previously failed to meet the $1.00 minimum closing bid price for 30 consecutive trading days, violating Nasdaq Listing Rule 5550(a)(2). Compliance was achieved after the stock maintained a closing bid price of $1.00 or more for 10 consecutive trading days, concluding on May 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:08 pm

SGMT

Sagimet Biosciences Inc. (NASDAQ:SGMT) announced its Phase 2b FASCINATE-2 study data of denifanstat, a novel fatty acid synthase inhibitor for MASH, will be presented at the EASL International Liver Congress 2024. The study shows significant fibrosis improvement and MASH resolution.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:05 pm

GSUN

Golden Sun Health Technology Group Limited (GSUN), a tutorial services provider in China, has regained compliance with Nasdaq's minimum bid price requirement. This was achieved after maintaining a closing bid price of $1.00 per share for ten consecutive trading sessions, following a 1 for 10 reverse stock-split on April 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:02 pm

CMND

Clearmind Medicine has entered into an exclusive patent licensing agreement with Yissum Research Development Company. This agreement grants Clearmind exclusive rights to develop, manufacture, and commercialize novel compounds aimed at treating PTSD and other mental health disorders.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:47 am

IVVD

Invivyd announced plans to pursue a rapid immunobridging pathway for potential Emergency Use Authorization (EUA) for its COVID-19 treatment, targeting moderately to severely immunocompromised individuals, following feedback from the U.S. FDA.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:39 am

BTCUSD

ETHUSD

Prominent crypto analyst Capo Of Crypto predicts Ethereum (ETH) will outperform Bitcoin (BTC) in the coming days, citing a strong bounce from the support zone and potential bullish continuation for ETH. The analysis also highlights the strength of the ETH/BTC pair and anticipates Ethereum ETFs' approval as a significant upcoming event that could further boost ETH's performance. However, skepticism exists regarding the timeline for Ethereum ETF approval, with some analysts suggesting a delay until 2025.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 11:37 am

IXHL

Incannex Healthcare has successfully completed a pre-IND meeting with the FDA for CannQuit-O, a treatment for opioid use disorder, signaling a positive step forward in its development and regulatory approval process.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:32 am

EWY

SPY

VGK

Reuters reported that Ukraine has examined debris from 21 of the 50 North Korean ballistic missiles that Kyiv claims Russia has fired, noting a high failure rate of these missiles.

Portfolio Pulse from Charles Gross

May 07, 2024 | 11:25 am

BA

SpaceX CEO Elon Musk criticized Boeing for the delays in its Starliner spacecraft's first crewed flight, attributing the setback to 'too many non-technical managers' at Boeing. Despite receiving a lower contract value from NASA for ISS transportation, SpaceX has successfully completed multiple missions with its Dragon spacecraft, ahead of Boeing's Starliner. Boeing's Starliner faced another delay due to an issue with the Atlas V rocket, with the launch now rescheduled. Additionally, Boeing's aviation segment is under scrutiny due to safety concerns and whistleblower allegations.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 11:05 am

ARKB

FBTC

GBTC

Bitcoin spot ETFs experienced significant net inflows of $217 million on May 6, with notable contributions from Grayscale's GBTC, Fidelity's FBTC, and the Ark Invest-21Shares joint ETF ARKB. This investor interest persists despite the SEC's delays in approving Ethereum spot ETFs, reflecting growing trust in Bitcoin as a digital asset. The U.S. dominates the cryptocurrency ETF market, significantly outpacing Hong Kong in trading volumes.

Portfolio Pulse from Murtuza Merchant

May 07, 2024 | 11:01 am