Streetbeat News

Regulatory

ACONW

Trading on ACONW 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 information.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:50 am

JSPRW

Trading on the stock JSPRW has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination pending a significant announcement.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:50 am

JSPR

Trading on the stock of Jasper Therapeutics, Inc. (JSPR) has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to ensure a fair and orderly market until the news is released.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:50 am

ACON

Trading on ACON was halted at 7:50:00 p.m. ET due to pending news. The halt is in place to ensure a fair and orderly market until the news is released.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 12:50 am

BLK

BTCUSD

Optimism is growing for the approval of a spot Bitcoin ETF following meetings between SEC staff and representatives from NYSE, Nasdaq, and CBOE. Insiders suggest approvals could be announced soon, with trading starting the following week. However, Matrixport predicts the SEC will reject all applications, citing the Democrat majority and Chairman Gensler's cautious stance on crypto. Bitcoin's value dropped 7% following Matrixport's report. If approved, the ETF would offer retail investors easier access to Bitcoin, potentially at lower costs, and could attract a broader investor base with firms like BlackRock and Fidelity involved.

Portfolio Pulse from Murtuza Merchant

January 03, 2024 | 11:36 pm

CMPS

The American Medical Association has activated new CPT III codes for psychedelic-assisted therapies, which are temporary codes for emerging treatments. These codes will facilitate reimbursement and access to such therapies in the U.S. MAPS PBC and COMPASS Pathways (NASDAQ:CMPS) have been instrumental in developing these codes, which could lead to permanent CPT I codes if usage data supports it. MAPS PBC is awaiting FDA approval for MDMA therapy for PTSD, which could lead to DEA rescheduling of MDMA for medical use.

Portfolio Pulse from Lara Goldstein

January 03, 2024 | 10:50 pm

CBOE

GS

CBOE has approved Fidelity's application for the listing of shares for its spot Bitcoin ETF, indicating progress towards regulatory acceptance of Bitcoin ETFs. Fidelity's Wise Origin Bitcoin Trust will charge a lower fee than competitors. Goldman Sachs is expected to become an authorized participant for Bitcoin ETFs by BlackRock and Grayscale, facilitating the creation and redemption of ETF shares. Bitcoin's price saw a 4.4% drop in the past 24 hours.

Portfolio Pulse from Khyathi Dalal

January 03, 2024 | 10:45 pm

AMZN

TikTok is increasing seller fees for TikTok Shop from 2% to 8% and adding a $0.30 commission fee. The platform aims to boost its e-commerce vertical despite a projected loss of over $500 million last year. TikTok is also banning links to outside retailers to keep sales within its ecosystem, competing with Douyin in China. TikTok has built logistics in the U.S. and China to support direct product sales. Amazon does over $500 billion in U.S. e-commerce sales annually. TikTok faces challenges as Montana and other states enact bans, although a federal judge blocked Montana's ban.

Portfolio Pulse from Aaron Bry

January 03, 2024 | 10:27 pm

DPLS

GSD

Global System Dynamics (GSD) has been granted a conditional extension by the Nasdaq Hearings Panel to remain listed on Nasdaq. The extension is contingent on GSD addressing SEC comments on its Form S-4 by January 19, 2024, and completing its business combination with DarkPulse, Inc (DPLS) by April 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 10:15 pm

FOX

FOXA

WBD

Former President Donald Trump is skipping the fifth Republican primary debate in Des Moines, Iowa, to host a town hall event on Fox News, directly competing with the debate airing on CNN, a unit of Warner Bros. Discovery (NASDAQ:WBD). Trump's decision is notable given his past contentious relationship with Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA). The debate ratings without Trump have been lower, and his town hall could impact viewership numbers. Trump's absence from the debate and presence on Fox News could influence public and media attention as he addresses his removal from election ballots and the Jan. 6 Capitol attack.

Portfolio Pulse from Chris Katje

January 03, 2024 | 10:00 pm