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Regulatory

XRPUSD

RippleX's Senior VP, Markus Infanger, predicts the tokenized asset market could reach $16 trillion, driven by traditional finance firms adopting blockchain technology. Infanger highlighted the growing trend of financial assets being tokenized on public blockchains, with Ripple in talks with financial institutions for tokenization projects on the XRP Ledger. He also mentioned a partnership with HSBC and Metaco for a custody platform for tokenized securities. Additionally, Ripple plans to launch a U.S. dollar-pegged stablecoin on the XRP Ledger and Ethereum, aiming to expand its offerings.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 7:37 pm

SPY

The EPA is set to announce plans by the end of the week to temporarily waive restrictions on higher-ethanol gasoline blends for the summer. This move could impact fuel prices and the ethanol market.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:33 pm

ACB

CGC

Cannabis stocks are trading higher after a report that a state lawmakers' group is pushing Congress to include a marijuana banking bill in FAA legislation.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:24 pm

META

SNAP

SOCL

As the U.S. bill aiming to ban TikTok nears a vote, stocks of Meta Platforms Inc (META), Snap Inc (SNAP), and Global X Social Media ETF (SOCL) have seen increases. The bill, which could force TikTok's parent company ByteDance to divest its U.S. operations, has been fast-tracked through Congress. The potential ban has sparked criticism from influencers and small businesses reliant on TikTok, while ByteDance has invested heavily in lobbying against the legislation. The bill's passage could lead to significant legal battles, with implications for U.S.-China relations and the social media landscape.

Portfolio Pulse from Natan Ponieman

April 18, 2024 | 7:23 pm

DKNG

FLUT

Jontay Porter, an NBA player, received a lifetime ban for betting on games and disclosing confidential health information, which influenced betting lines and outcomes. The investigation highlighted a specific game where Porter's disclosed health status led to a significant parlay bet on DraftKings Inc (NASDAQ:DKNG). This incident marks the first NBA player banned for gambling by Commissioner Adam Silver. DraftKings and Flutter Entertainment's FanDuel (NYSE:FLUT) were mentioned as platforms where betting spikes on Porter's performance were observed.

Portfolio Pulse from Chris Katje

April 18, 2024 | 7:00 pm

EIS

SPY

VGK

The White House has reportedly urged Israeli Prime Minister Netanyahu to accept a commitment to Palestinian statehood as a condition for Saudi Arabia's recognition of Israel, according to U.S. and Saudi officials cited by Bloomberg. This diplomatic move could have significant implications for regional stability and international relations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:45 pm

SPY

VGK

The Pentagon has announced its readiness to respond swiftly if aid for Ukraine is approved, indicating a potential increase in defense spending and support for Ukraine amidst ongoing conflicts. This development could impact related US-listed ETFs such as SPY and VGK, reflecting broader market and European regional responses.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:44 pm

SPY

USO

The United States has imposed additional restrictions on the delegation of the Iranian Foreign Minister during their stay in New York for UN meetings, according to the State Department.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:07 pm

RUN

Sunrun shares are trading lower after a recent gain, due to reports of President Biden planning to remove the tariff exemption for bifacial solar panel imports. This policy change could potentially increase costs for companies like Sunrun that rely on such imports for their solar installations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:57 pm

BA

Boeing plans to first obtain certification in the U.S. before expanding into Asia, using its Nagoya base to develop digital tools for aircraft design and manufacturing. This strategic move aims to enhance Boeing's presence in Asia while ensuring compliance with U.S. regulations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 5:55 pm