Streetbeat News

Regulatory

EIS

SPY

USO

A White House official has confirmed that Israel and Hamas have agreed to extend the truce in Gaza, according to Reuters. This development may influence the stability in the region and could have an impact on related US-listed assets.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:40 pm

SPY

USO

Saudi Arabia is pushing for OPEC+ oil production quota cuts to support global oil markets, but faces resistance from some members. OPEC+ has postponed discussions due to disagreements over African quotas. Riyadh has already unilaterally cut supply by 1 million barrels per day since July and is seeking broader cooperation.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:35 pm

LILM

Lilium N.V. (NASDAQ:LILM) shares surged after the company announced receiving the European Union Aviation Safety Agency (EASA) Design Organization Approval, which acknowledges Lilium's capability to design and develop safe and compliant electric vertical take-off and landing (eVTOL) aircraft. This approval positions Lilium as a leader in the eVTOL market, being the only manufacturer with both EASA and FAA certification bases for a powered lift eVTOL aircraft. The company is also seeking FAA type-certificate validation under the EU-U.S. Bilateral Aviation Safety Agreement.

Portfolio Pulse from Adam Eckert

November 27, 2023 | 4:08 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) is resuming hiring in India for product and tech roles despite previous layoffs and regulatory challenges. The company has listed around 30 positions on LinkedIn and 14 on its website for remote work in Bengaluru and Hyderabad. This move follows significant layoffs in 2022 and January 2023, and difficulties due to India's cryptocurrency taxes and transaction issues. Gemini, another crypto company, is also expanding in India with a $24 million investment.

Portfolio Pulse from Khyathi Dalal

November 27, 2023 | 3:52 pm

ABEO

Abeona Therapeutics' stock is trading higher following the announcement that the FDA has accepted and granted Priority Review for their Biologics License Application for pz-cel.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 3:41 pm

GRCL

Gracell Biotechnologies' stock is trading higher following the FDA's clearance of the IND application for a Phase 1/2 clinical trial of FasTCAR-T GC012F, aimed at treating refractory systemic lupus erythematosus.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 3:30 pm

LILM

Lilium's stock price has increased following the announcement that the company has received the EASA Design Organization Approval, which is a significant regulatory milestone.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 3:27 pm

USO

The Kuwait Oil Ministry has reaffirmed its commitment to OPEC decisions, emphasizing adherence to market quotas and oil production limits. This statement underlines Kuwait's support for OPEC's efforts to stabilize the oil market.

Portfolio Pulse from Charles Gross

November 27, 2023 | 3:24 pm

BNBUSD

Changpeng Zhao, former CEO of Binance, is disputing the U.S. government's claim that he is a flight risk and should have his bail terms modified. Despite holding citizenship in two countries, including the UAE, Zhao argues that his guilty plea to charges related to inadequate anti-money laundering measures at Binance and his lack of criminal history negate the flight risk. The court previously ruled in his favor, and Zhao is responding to the government's request for reassessment of his release conditions. The legal document emphasizes that the bail conditions set are sufficient to ensure compliance.

Portfolio Pulse from Murtuza Merchant

November 27, 2023 | 3:07 pm

USDCUSD

Circle, the issuer of the USDC stablecoin, has partnered with SBI Holdings to expand the use of USDC and Circle's Web3 services in Japan. The collaboration aims to ensure compliance with stablecoin regulations and seeks approvals for SBI VC Trade Co to operate as an electronic payment instruments service. SBI Shinsei Bank Ltd. will provide banking services to support stablecoin access and liquidity in Japan. The partnership aligns with Japan's revised Payment Services Act and SBI's digital asset strategy.

Portfolio Pulse from Khyathi Dalal

November 27, 2023 | 2:54 pm