Streetbeat News

Regulatory

CSBTF

Kuros Biosciences has received FDA 510K clearance for its MagnetOs Granules for interbody use, marking the third product in the MagnetOs portfolio to gain such approval. Additionally, Kuros has obtained regulatory clearance for both MagnetOs Granules and MagnetOs Putty in New Zealand and will launch these products through an exclusive distribution agreement with Vortek Spine Limited.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:51 am

MESO

Mesoblast Limited reported advancements in Phase 3 trials and financial results, including $1.5M in royalty revenue from TEMCELL HS Inj.5 sales in Japan. The company completed a capital raise of A$60.3 million and reported a cash balance of A$113.4 million. Cost containment strategies led to a reduction in net operating cash spend, with further reductions planned for FY2024. Mesoblast received FDA's Rare Pediatric Disease Designation for Revascor and plans to discuss regulatory approval pathways.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:10 am

ALPMY

MRK

Astellas has submitted a supplemental new drug application in Japan for the combination of PADCEV™ (enfortumab vedotin) and KEYTRUDA® (pembrolizumab) as a first-line treatment for advanced bladder cancer. The pivotal trial showed that this combination significantly improved overall and progression-free survival compared to the current standard platinum-containing chemotherapy. If approved, it would be the first non-chemotherapy combination treatment for this condition in Japan.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 6:34 am

META

SNAP

Tech CEOs including Elon Musk, Mark Zuckerberg (Meta), and Evan Spiegel (Snap) are set to testify at a Senate Judiciary Committee hearing on child safety in social media. They are expected to make policy commitments and endorse legislation such as the SHIELD Act, KOSA, and the Stop CSAM Act. Snap has previously supported KOSA and Meta has advocated for legislation on parental consent for app downloads by teens. Snap's CEO will announce the company's stance against extending encryption that hinders scanning for child sexual abuse material.

Portfolio Pulse from Benzinga Neuro

January 31, 2024 | 5:46 am

EWA

Australia's Consumer Price Index (CPI) for Q4 came in at 0.6%, lower than the estimated 0.8% and the previous 1.2%. This indicates a slower pace of inflation than expected.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 5:14 am

ETH-USD

Ethereum co-founder Vitalik Buterin discussed the potential of AI in the cryptocurrency space, highlighting its current use in trading bots and future applications in prediction markets and user guidance. He also pointed out the risks of AI, such as vulnerability to manipulation and increased computational demands. Buterin remains optimistic about AI's constructive use cases in crypto. Meanwhile, Ethereum's price was up 1.13% at $2,340.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 5:12 am

MSFT

Microsoft Corporation's (NASDAQ:MSFT) top executives' email accounts were hacked by a Russian Intelligence group, as revealed in a regulatory filing. CEO Satya Nadella has called for a 'Geneva convention around cyber' in response to nation-state cyberattacks, emphasizing the need for the U.S., Russia, and China to establish cyber norms. Microsoft confirmed that the breach was not due to vulnerabilities in their products or services.

Portfolio Pulse from Ananya Gairola

January 31, 2024 | 3:31 am

BTCUSD

DOGEUSD

ETHUSD

FBTC

IBIT

Cryptocurrencies showed mixed performance ahead of the Federal Reserve's rate decision, with Bitcoin ETFs experiencing significant inflows, particularly from BlackRock's IBIT and Fidelity's FBTC. The Invesco Galaxy Bitcoin ETF announced a fee reduction to 0.25%. Analysts suggest Bitcoin may consolidate before a potential increase due to the upcoming halving event, while Bitcoin whales have been accumulating, indicating bullish sentiment.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 3:04 am

GOVX

Trading on the stock of GOVX has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:50 am

BTCUSD

ETHUSD

SOLUSD

Ethereum (ETH) has seen an 8% increase week-over-week, with mixed analyst views on its performance against Bitcoin (BTC). While some traders expect ETH to underperform BTC, others anticipate a potential bottom for ETH/BTC due to rumors of an Ethereum ETF approval. The SEC has delayed decisions on ETF proposals from Grayscale and BlackRock's iShares Ethereum Trust. Bullish factors for Ethereum include increased staking, deflation, less availability on exchanges, and upcoming upgrades like the Dencun Upgrade. Major projects on the Ethereum network are expected to contribute to its growth, and the BTC/ETH correlation has dropped, suggesting a potential divergence in price movements. Ethereum aims to maintain its lead over Solana (SOL), which is seen as a growing competitor.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 11:46 pm