Streetbeat News

Regulatory

USDTUSD

Andrey Zverev, a Russian operative, used Tether (USDT) to transfer millions of dollars for securing drone components for Kalashnikov Concern, bypassing international sanctions. This highlights a significant loophole in sanction enforcement, with over $10 trillion in transactions using Tether in 2023 alone. The U.S. Treasury Department seeks regulatory authority over U.S. dollar-denominated stablecoins like Tether to close this gap. Tether Holdings has initiated a policy to freeze transactions linked to sanctioned entities, but the use of Tether in circumventing sanctions remains a concern.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 8:05 pm

ACON

Aclarion, Inc. has received a notice of allowance from the U.S. Patent and Trademark Office for its patent application related to a system and method for diagnosing pain using magnetic resonance spectroscopy. This development could enhance Aclarion's position in the medical technology market by potentially offering a novel diagnostic tool.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:58 pm

SPY

Maryland Governor announced the opening of a temporary channel on the northeast side of the collapsed Baltimore bridge on Monday, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:29 pm

ALGN

Align Technology, Inc. (ALGN) has launched its Invisalign Palatal Expander System in Australia and New Zealand, marking the product's availability for skeletal and dental expansion in growing patients. This system, which is an alternative to traditional metal and screw expanders, is designed for use with Invisalign First aligners to provide a comprehensive early intervention treatment. The product has been registered in the Australian Register of Therapeutic Goods and the New Zealand Web Assisted Notification of Devices Database, covering a broad range of patients including children, teens, and adults. The Invisalign Palatal Expander System utilizes direct 3D printing and AI-driven orthodontic software for customization, aiming to improve treatment efficiency and patient experience.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:03 pm

DJT

RDDT

After a strong first quarter for the S&P 500, investors are shifting their focus towards protection against severe market swings, despite economic optimism. The options market shows a preference for hedges against extreme volatility, indicating concerns over potential 'black swan events'. Positive economic indicators and high-profile events like the Reddit Inc. IPO have fueled market gains, but increased activity in VIX call options reflects worries about future volatility, especially regarding the Federal Reserve's interest rate policies.

Portfolio Pulse from Piero Cingari

April 01, 2024 | 7:01 pm

CXAI

EIGR

NVVE

VSTE

ZPTA

Nuvve Holding Corp. shares plummeted by approximately 30% after reporting Q4 financial results significantly below market expectations. Other stocks experienced notable movements, with Vast Renewables and CXApp Inc. leading the gainers, while Eiger BioPharmaceuticals and Andretti Acquisition Corp. were among the biggest losers.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:31 pm

MSFT

NTDOY

SONY

Russian President Vladimir Putin has directed the government to establish a domestic gaming industry, focusing on the development of stationary and portable consoles, an operating system, and cloud infrastructure for game delivery. This initiative is in response to major game companies like Sony, Microsoft, and Nintendo halting sales to Russia due to its invasion of Ukraine. Despite challenges such as a lack of expertise and potential restrictions on advanced chips, the government, led by Prime Minister Mikhail Mishustin, has until June 15 to explore the proposal. VK, a Russian technology company, may lead the project, which could take up to 10 years to develop. Collaboration with China for a portable console similar to Valve's Steam Deck is also being considered.

Portfolio Pulse from Franca Quarneti

April 01, 2024 | 6:24 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares fell after ISS recommended shareholders vote to approve exchangeable shares for Canopy USA advancement. This move aims to accelerate Canopy's entry into the U.S. cannabis market. Despite a recent surge due to optimism over German cannabis regulations and potential U.S. rescheduling, a Senate committee's letter to the DEA could impact future rescheduling efforts. Canopy's stock has seen a significant decline over the past 5 years, with a forecast suggesting a potential future price of $0.16.

Portfolio Pulse from Erica Kollmann

April 01, 2024 | 6:00 pm

ETH-USD

Ethereum co-founder Vitalik Buterin introduces 'Degen Communism,' a novel political ideology aimed at embracing chaos for the common good, applicable to crypto projects and other sectors. The concept comes as the crypto market, including Ethereum and meme coins like Dogecoin, experiences volatility. Buterin's idea suggests modifying rules and incentives to ensure equitable benefits and minimized risks, especially in volatile markets.

Portfolio Pulse from Ivan Crnogatić

April 01, 2024 | 5:38 pm

EIS

SPY

USO

Iran's Foreign Ministry Spokesperson, Kanaani, announced that Tehran will determine the nature of its response and punishment against any aggressor, as reported by Reuters citing state media.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:34 pm