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BLK

GBTC

The race for SEC approval of spot Bitcoin ETFs has intensified with Pando Asset AG joining as the 13th contender. Grayscale Bitcoin Trust (GBTC) and BlackRock Inc. (BLK) have updated their filings, with analysts anticipating imminent SEC approvals. Both GBTC and BLK stocks have rallied, with GBTC showing a 242.74% increase and BLK a 7.4% rise over the past year. Despite this, the two stocks exhibit a very weak correlation in market movements.

Portfolio Pulse from Mehab Qureshi

November 30, 2023 | 12:22 pm

TLSA

Tiziana Life Sciences announced the dosing of four new patients in the Expanded Access Program for Multiple Sclerosis with their drug Foralumab. This could indicate progress in the development and potential future success of the treatment.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 12:08 pm

ORTX

Orchard Therapeutics announced that OTL-203, its investigational gene therapy for the treatment of the Hurler subtype of Mucopolysaccharidosis Type I, has received FDA Fast Track Designation. This designation could expedite the development and review process for OTL-203, potentially bringing it to market more quickly.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 12:04 pm

USO

Saudi Arabia has received provisional support from OPEC+ members for potential oil production cuts. This move is aimed at stabilizing global oil prices amidst fluctuating demand and geopolitical tensions. The decision is not final and will depend on various factors, including the global economic outlook and oil market conditions. If implemented, the production cuts could lead to higher oil prices.

Portfolio Pulse from Charles Gross

November 30, 2023 | 11:37 am

USO

OPEC+ is considering a proposal where Saudi Arabia would extend its voluntary 1 million barrels per day (B/D) cut, along with additional cuts from other members, as reported by Reuters citing two delegates.

Portfolio Pulse from Charles Gross

November 30, 2023 | 11:19 am

BLK

SEC Chair Gary Gensler declined to comment on the prospects of a spot Bitcoin ETF at the Healthy Markets Association conference. He emphasized the SEC's 'time-tested process' and did not 'pre-judge' pending applications. Asset management firms like BlackRock Inc. and Fidelity Investments have applied to launch such ETFs. Gensler reiterated his view of Bitcoin as a commodity and supported more authority for the CFTC over crypto, while cautioning investors about the sector's risks.

Portfolio Pulse from Mehab Qureshi

November 30, 2023 | 11:11 am

META

VGK

According to the Wall Street Journal, Meta is planning to launch its Threads app in the European Union in December. This move could be significant for the company's expansion and presence in the EU market.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:33 am

BTCUSD

An unidentified Bitcoin wallet has acquired 11,268 BTC, worth about $424 million since November 10, ranking it as the 74th largest BTC holder. The purchases were made at prices between $36,000 to $38,000, leading to an unrealized profit of approximately $9.8 million with BTC's current price just below $38,000. Speculation suggests the wallet could be linked to a U.S. asset management firm anticipating a spot Bitcoin ETF approval, but there is no evidence to confirm this. A spot ETF approval could potentially create trillions in value, with demand estimated between $20 billion to $30 billion.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 10:19 am

AHI

Advanced Health Intelligence Ltd (NASDAQ:AHI) announced it will launch a mobile phone-based Atrial Fibrillation (AF) assessment service in Q2 2024. The service is part of an expansion of the company's Biometric Health Assessment suite, following a binding agreement with Qompium NV. The AF-Scan application is medically approved in multiple regions, including the USA, and aims to address the global prevalence of AF, which affects approximately 60 million people and significantly increases the risk of stroke.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:17 am

VGK

Eurozone's November CPI increased by 2.4% year-over-year, which is lower than the estimated 2.7% and the previous 2.9%.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:02 am