Streetbeat News

Regulatory

BNB-USD

ETH-USD

Binance suspended trading of the euro stablecoin AEUR after a surge in demand caused price deviations. The exchange will compensate affected users for losses incurred due to the unexpected rally. AEUR, backed 1:1 by reserves in Swiss FNMA-licensed banks, is minted on Ethereum and BNB Chain. The suspension includes AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR pairs. Stablecoins face risks of price instability, with 609 depegs occurring in 2023. The SEC is monitoring stablecoin issuance by traditional companies in the U.S.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 9:19 pm

ANIX

Anixa Biosciences, Inc. (NASDAQ:ANIX) is set to release new data from its ongoing Phase 1 breast cancer vaccine trial after a presentation at the 2023 SABCS. A conference call is scheduled for today at 6:30 p.m. ET to discuss the findings. The vaccine was first administered in 2021 to a Triple Negative Breast Cancer survivor. Key Opinion Leaders in oncology, including the inventor of Herceptin, Dr. H. Michael Shepard, and Dr. Brian Leyland-Jones, are advisors to Anixa and will participate in the call.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:19 pm

AZN

ILMN

GRAIL, LLC, in collaboration with Samsung Medical Centre and AstraZeneca (NASDAQ:AZN), presented validation data on a novel prognostic test for early-stage lung cancer at the North America Conference on Lung Cancer. The test, which uses a plasma-based targeted methylation assay, showed potential in identifying high-risk patients for recurrence of Lung Adenocarcinoma (LUAD). GRAIL, a subsidiary of Illumina, Inc. (NASDAQ:ILMN), aims to detect cancer early and is developing technology for multi-cancer early detection.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:12 pm

BTCUSD

ETHUSD

Bitcoin (BTC) has recently surpassed the $44,000 level, reaching new 52-week highs and passing the meme-inspired price of $42,069. The cryptocurrency's all-time high is $68,789.63, and there is speculation that reaching $69,420 could 'break the internet' due to its meme significance. The price of Bitcoin is influenced by social media trends and the optimism surrounding potential SEC approval of Bitcoin ETFs. High-profile figures like Cathie Wood and Mark Yusko have set ambitious price targets for Bitcoin, with Wood suggesting a future price of $1 million and Yusko predicting a range of $100,000 to $150,000 by mid-2024.

Portfolio Pulse from Chris Katje

December 06, 2023 | 9:03 pm

MRAI

Marpai, Inc. has regained compliance with Nasdaq's minimum bid price requirement, avoiding potential delisting. The company's stock must have maintained a minimum bid price of $1.00 per share for at least 10 consecutive business days to meet Nasdaq's listing standards.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:02 pm

ITA

LHX

LMT

NOC

PPA

RTX

SPY

XAR

U.S. Treasury Secretary Janet Yellen emphasized the importance of approving an additional $100 billion in aid for Ukraine and Israel, warning that failure to do so could lead to Ukraine's defeat and further Russian aggression. The aid package is currently stalled in Congress, with some members opposing further assistance. Ukraine's President Zelenskyy has also urged American defense companies to collaborate with Ukraine. If the bill is approved, U.S. defense stocks and ETFs could see a positive impact, as they have previously benefited from increased interest following the Russian invasion of Ukraine.

Portfolio Pulse from Chris Katje

December 06, 2023 | 8:40 pm

MCD

During McDonald's Investor Day, an executive reported that the company is experiencing business impacts in several Middle Eastern markets and a few markets outside the region due to ongoing conflict.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:30 pm

USO

VGK

Kremlin spokesman announced that President Putin and the Saudi Crown Prince discussed the continuation of OPEC+ cooperation, as reported by Reuters citing Tass.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 8:22 pm

SPY

President Biden's administration has approved a $4.8 billion student debt cancellation for 80,300 individuals, according to a statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:51 pm

ACB

CGC

MSOS

Republican Representative David Joyce is set to introduce the STATES 2.0 Act, which aims to de-schedule state-legal cannabis at the federal level. This legislative move could significantly impact the legal landscape for cannabis businesses in the United States.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:46 pm