Streetbeat News

Regulatory

BEAM

Beam Therapeutics Inc. announced the UK Medicines and Healthcare Products Regulatory Agency has cleared its clinical trial authorization for BEAM-302, aimed at treating alpha-1 antitrypsin deficiency (AATD).

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 10:31 am

BTCUSD

ETHUSD

The London Stock Exchange announced the launch of a market for Bitcoin and Ether ETNs, available to professional investors, starting May 28. This move, approved by the FCA, marks a significant step in integrating cryptocurrencies into traditional financial markets and aligns with the U.K.'s aim to become a global hub for crypto and blockchain innovation.

Portfolio Pulse from Murtuza Merchant

March 26, 2024 | 9:55 am

BTCUSD

SWIFT, the global bank messaging network, plans to launch a platform within 1-2 years to connect central bank digital currencies (CBDCs) with the global banking system. This move, coinciding with the launch of major CBDCs, aims to integrate these digital currencies into the existing financial infrastructure. A recent trial involving 38 central banks and commercial banks demonstrated the feasibility of using existing banking infrastructure for CBDC transactions, marking a significant step towards the adoption of digital currencies in global finance.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 9:42 am

GME

MKC

SNX

UAL

The Fear & Greed Index remained in the 'Greed' zone despite a slight decline, with the Dow Jones falling over 150 points. U.S. markets are poised for a fifth consecutive month of gains, with major indices recently hitting record highs. United Airlines shares dropped 3.4% amid potential FAA restrictions on new routes due to safety concerns. Economic data showed a rise in the Chicago Fed National Activity Index and a slight drop in new home sales. Most S&P 500 sectors closed lower, except for energy and utilities. Investors anticipate earnings results from McCormick & Company, Synnex, and GameStop.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 8:46 am

TSLA

Tesla, Inc. is set to offer a one-month free trial of its Full-Self Driving (FSD) software in Canada, matching the US offer, once regulatory and technical issues are resolved. This move is part of Tesla's strategy to explore high-margin recurring revenue streams amid challenges in the core auto business. The announcement was made by a senior Tesla executive in response to a user's query on social media, highlighting Tesla's increased engagement on such platforms to improve communication and transparency.

Portfolio Pulse from Shanthi Rexaline

March 26, 2024 | 8:32 am

ARGX

argenx has received approval for VYVGART in Japan for treating adults with primary immune thrombocytopenia (ITP), marking its first global approval for this indication. VYVGART is now approved in Japan for both generalized myasthenia gravis and ITP.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 7:15 am

MESO

Mesoblast has been informed by the U.S. FDA that the clinical data from its Phase 3 trial seems adequate to support a Biologics License Application (BLA) submission for Remestemcel-L in treating children with Steroid-Refractory Acute Graft Versus Host Disease (SR-aGVHD).

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:48 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (CPI) increased by 2.3% year-over-year, which is below the estimated 2.5% and the previous 2.6%.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:13 am

GOOGL

META

SNAP

Chamath Palihapitiya, a billionaire tech investor, supports government regulation of social media for teenagers, citing mental health benefits. This follows Florida's new law banning social media use for children under 14 and requiring parental permission for ages 14 to 15. The law, supported by Governor Ron DeSantis, could influence other states and impact tech companies like Meta Platforms, Alphabet, and Snap.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 4:28 am

DOGE-USD

Timothy Stebbing, a lead developer at the Dogecoin Foundation, is exploring the use of RadioDoge to provide financial services to unbanked regions in East Africa. Stebbing's initiative aims to leverage Dogecoin for real-world transactions, especially in areas lacking internet access, by using radio technology and SpaceX's Starlink network. Despite facing challenges like network congestion, efforts are ongoing to enhance Dogecoin's utility and stability.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 4:22 am