Streetbeat News

Regulatory

WISA

WiSA Technologies has announced that Nasdaq has accepted its compliance plan. This acceptance indicates that WiSA Technologies has addressed or plans to address issues that previously put it at risk of not meeting Nasdaq's listing requirements. The acceptance of the compliance plan by Nasdaq is a positive development for WiSA Technologies, potentially stabilizing its position on the exchange and providing a pathway to maintain its listing status.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:06 am

BCLI

Brainstorm Cell Therapeutics has received a written agreement from the FDA under a Special Protocol Assessment for the design of a Phase 3B trial of NurOwn in Amyotrophic Lateral Sclerosis, expected to start in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:02 am

VVOS

Vivos Therapeutics, Inc. announced that its CARE oral medical devices for treating sleep related breathing disorders, including obstructive sleep apnea, have received full approval for Medicare reimbursement. This approval enables Medicare beneficiaries to receive coverage and reimbursement for the devices, effective immediately.

Portfolio Pulse from Charles Gross

April 09, 2024 | 9:53 am

GOOG

GOOGL

Elon Musk criticized Alphabet Inc.'s Google Gemini AI for its 'politically correct' programming, suggesting it could be dangerous and doubting future versions would significantly deviate from this approach. Musk emphasized the need for AI regulation to keep pace with technological advancements to ensure safety. Google's Gemini AI faced controversy for inaccuracies and misrepresentations, leading to a temporary pause on its image generation feature.

Portfolio Pulse from Ananya Gairola

April 09, 2024 | 8:47 am

BTCUSD

ETHUSD

Ethereum (ETH) surged 8% in the last 24 hours, outpacing Bitcoin's (BTC) 1.72% increase, amid rumors of potential U.S. ETF approvals. Investment giants like BlackRock Inc. and Fidelity Investments have applied for Ether ETFs, but approval remains uncertain. Bloomberg analysts predict a 75% chance of denial by the SEC, citing weak spot-futures market correlations. Despite this, optimism grows with industry leaders expecting approval, influencing the market positively.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 6:39 am

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WGXRF

Gold prices are nearing an all-time high, driven by central bank buying and anticipation of U.S. Federal Reserve policy meeting minutes and inflation data. Spot gold rose to $2,343.76 per ounce, close to the record high of $2,353.79. U.S. gold futures also saw a 0.5% increase. The surge in gold prices reflects concerns over potential Federal Reserve rate cuts and their implications on cryptocurrencies and precious metals. Additionally, the $1.45 billion merger between Karora Resources and Westgold Resources, aiming to boost gold production to 400,000 ounces annually, highlights the bullish trend in the gold market.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 6:03 am

BTCUSD

Arthur Hayes, BitMEX co-founder, predicts a significant crypto asset firesale around the Bitcoin halving, influenced by the Federal Reserve's strategies. He anticipates a volatile period in late April, with potential market depression due to tighter dollar liquidity. Despite this, Hayes sees a possible market pump after the Fed's meeting on May 1, with the Treasury likely adding $1 trillion of liquidity. Bitcoin has seen a substantial year-to-date increase, trading at $71,122.10, despite a slight decrease over the last 24 hours.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 4:17 am

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PLNH

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VEXTF

The cannabis industry is experiencing significant growth with new store openings and consumption lounges across the U.S. Florida's Supreme Court approved a recreational cannabis legalization initiative, leading to new dispensaries by Cansortium Inc. and Trulieve Cannabis Corp. Michigan, California, Nevada, New Jersey, New York, and Texas also saw new cannabis retail developments. Notably, Planet 13 Holdings Inc. opened Nevada's second state-approved consumption lounge. The Benzinga Cannabis Capital Conference in Florida highlights the industry's expansion and future prospects.

Portfolio Pulse from Jelena Martinovic

April 09, 2024 | 3:38 am

JPM

Mike Novogratz, CEO of Galaxy Investment Partners, expressed concerns over a potential Federal Reserve rate cut, suggesting it would benefit cryptocurrencies and precious metals but not the US economy. He emphasized the need for significant spending cuts by politicians, amidst a broader debate on economic policies and their impact on various sectors.

Portfolio Pulse from Benzinga Neuro

April 09, 2024 | 3:33 am

AAPL

TSLA

Tesla Inc. (TSLA) has settled a lawsuit over a fatal 2018 crash involving its Autopilot system and an Apple Inc. (AAPL) engineer, Walter Huang. The settlement terms were not disclosed. The lawsuit highlighted the potential limitations of Tesla's Autopilot system and also involved allegations against California's transportation department for not repairing a damaged barrier. A follow-up hearing is scheduled for April 11 to discuss the settlement further.

Portfolio Pulse from Ananya Gairola

April 09, 2024 | 3:18 am