Streetbeat News

Regulatory

AAPL

Apple Inc. is alleged to have blocked Jon Stewart from interviewing FTC Chair Lina Khan on his podcast amid antitrust investigations into Apple's business practices. This incident highlights the tension between tech giants and regulatory bodies, with Apple defending its business strategies against a lawsuit accusing it of monopolizing the smartphone market.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 3:01 am

TSLA

Elon Musk's social media network X is experiencing a significant increase in pornographic content, causing user discomfort. A Bloomberg report links this surge to reduced content moderation under Musk's ownership. X is exploring monetization of adult content despite risks, including potential criminal activities. Concerns about protecting minors from explicit material have been raised, with reports of teenagers as young as 12 being exposed. The situation is exacerbated by the proliferation of porn spambots, posing challenges for user and advertiser retention.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 1:56 am

BTCUSD

A campaign titled 'Bitcoin Deserves an Emoji' is gaining momentum in the cryptocurrency community, aiming to secure a dedicated Bitcoin emoji by collecting 50,000 signatures for a petition to the Unicode Consortium. The initiative, supported by industry giants like Brink, Bitget, Chainalysis, and Kraken, highlights Bitcoin's cultural and technological impact. The campaign, which already has 10,000 endorsements, compares its efforts to successful emoji campaigns by Taco Bell and Tinder. It coincides with significant milestones for Bitcoin, including record highs and the anticipation of its fourth halving.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 11:12 pm

FGEN

FibroGen reported positive data from a Phase 1 study of FG-3246, sponsored by Fortis Therapeutics, showing significant PSA reductions and partial tumor responses in patients. The company plans to discuss further development with the FDA, aiming to initiate Phase 2 in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 9:50 pm

T

TMUS

VZ

The FCC is set to vote on April 25 to reinstate landmark net neutrality rules, according to sources cited by Reuters. This move could significantly impact the operations and future strategies of major telecom companies.

Portfolio Pulse from Charles Gross

April 02, 2024 | 9:09 pm

GLD

IAU

IEFA

SCHH

SGOL

VEA

VNQ

U.S. national debt is predicted to rise in the next decade, with 88% of scenarios showing an increase in debt as a percentage of GDP. Concerns over this unsustainable debt growth have led investors to seek safe havens like gold, Bitcoin, and real estate ETFs. Bank of America's Michael Hartnett links rising gold and Bitcoin values to debt worries. ETFs like SPDR Gold Trust, iShares Gold Trust, and Abrdn Physical Gold Shares ETF have seen significant gains. Real estate and foreign asset ETFs are also considered safe investments amid U.S. fiscal instability.

Portfolio Pulse from Natan Ponieman

April 02, 2024 | 8:48 pm

BTCUSD

Bitcoin's price fell by 5.6% to $65,580 ahead of the halving event, with $135.3 million in long positions liquidated. Despite high interest rates, this drop seems unrelated to the Fed's upcoming decision. Trading volume surged by 40%, with significant activity in USDT and FDUSD pairs. In South Korea, Bitcoin's price reached $71,295. The market saw $354.20 million in long position liquidations. These topics are expected to be discussed at Benzinga's Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 8:40 pm

CNTG

Centogene received a non-compliance notification from Nasdaq on March 27, 2024, for failing to meet the minimum bid price requirement. The company has 180 days to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:32 pm

FLGC

Flora Growth Corp. (NASDAQ:FLGC) is expanding its presence in Germany in response to the country's new cannabis legalization law. The Canadian-based company, serving all 50 U.S. states and 28 countries, plans to launch a cannabis home grow kit in Germany, capitalizing on the recreational cannabis market expected to reach $4.2 billion. Additionally, Flora Growth announced its intention to acquire TruHC Pharma GmbH for $6.4 million in stock, aiming to leverage TruHC's German cannabis platform. The company also signed an exclusive distribution agreement with Althea Group Holdings Limited for Vessel brands in the UK, targeting the vape pen and dry herb vaporizers market.

Portfolio Pulse from Jelena Martinovic

April 02, 2024 | 8:22 pm