Streetbeat News

Regulatory

IPHA

Innate Pharma announced a virtual KOL event to discuss lacutamab, an anti-KIR3DL2 antibody for T-cell lymphoma. Positive results from the TELLOMAK Phase 2 Trial in Sézary syndrome patients will be presented at the ASH Annual Meeting. The event is scheduled for December 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 6:25 am

META

Meta Platforms Inc. (NASDAQ:META) is facing allegations of underreporting harmful content on Facebook and Instagram, according to court documents. The lawsuit claims Meta's Community Standards Enforcement Reports show lower rates of violations than internal surveys indicate, with a significant discrepancy in reported hate speech encounters. This adds to previous scrutiny over Meta's content moderation, including criticism from a whistleblower and a study on election integrity in Kenya.

Portfolio Pulse from Ananya Gairola

November 27, 2023 | 6:10 am

IDEX

Ideanomics (NASDAQ:IDEX) received a notice from Nasdaq on November 17, 2023, for not filing its Q3 Form 10-Q on time, violating Nasdaq's Listing Rules. The company filed the required report on November 21, 2023, and regained compliance with Nasdaq's requirements the following day, closing the matter.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:54 am

AAPL

GOOG

GOOGL

Elon Musk explained that NSFW accounts on his social media platform, X, cannot get paid on mobile due to restrictions from Apple Inc. (AAPL) and Alphabet Inc.'s Android (GOOG, GOOGL). This payment is only possible via the web. The platform allows NSFW content but requires it to be marked as 'sensitive'. The community is divided on the presence of such content on X.

Portfolio Pulse from Ananya Gairola

November 27, 2023 | 4:33 am

BTC-USD

ETH-USD

Mark Cuban expressed interest in a crypto real estate project that uses blockchain for urban development. The project involves smart contracts and NFTs to manage construction permits and funding through USDC stablecoin. Cuban's interest highlights his belief in practical crypto applications. Despite a past cryptocurrency scam costing him $870,000, Cuban remains a vocal advocate for the technology. Bitcoin and Ethereum saw slight declines in their prices.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 4:05 am

SPY

RBC Capital Markets predicts the S&P 500 will reach a milestone of 5,000 points in 2024, a 10% increase from its last closing. This bullish outlook is supported by five models analyzing sentiment, valuation and earnings, the economy, politics, and stock-bond interrelation. The forecast aligns with other optimistic views from Wall Street, despite potential volatility from the 2024 presidential election.

Portfolio Pulse from Benzinga Neuro

November 27, 2023 | 3:31 am

BLK

BTCUSD

DOGEUSD

ETHUSD

BlackRock Inc (NYSE:BLK) discussed a spot Bitcoin ETF with the SEC and Nasdaq, which could influence Bitcoin's price. Cryptocurrencies showed mixed performance, with Bitcoin at $37,482, Ethereum at $2,061, and Dogecoin at $0.078. Analysts predict Bitcoin could reach $40K, citing post-Thanksgiving retail figures and potential ETF approval as positive indicators. Stock futures dipped slightly, but Wall Street has seen gains over four weeks. Upcoming economic data will be watched for Fed rate hike effects.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 2:50 am

AAPL

AMZN

GM

NFLX

NVDA

Wall Street saw gains with the Dow Jones, S&P 500, and Nasdaq Composite all rising. The Federal Reserve's minutes indicated no rate hikes for December and potential rate cuts by 2024. S&P Global PMI showed stability in U.S. private sector activity. Bullish views were presented for Amazon (AMZN) and Nvidia (NVDA), with predictions of growth driven by AI. A crypto analyst predicted a significant rally for Dogecoin (DOGE). Bearish news included General Motors (GM) cutting Super Bowl ad spending, potential lawsuits against Netflix (NFLX) for on-set injuries, and a class action lawsuit against Apple (AAPL) for peer-to-peer payment fees.

Portfolio Pulse from Michael Cohen

November 25, 2023 | 3:05 pm

BTCUSD

Bitcoin (BTC) faces a potential price drop to $30,000 due to bearish divergence, as indicated by the RSI marking lower lows while the price hits higher highs. The bullish momentum is threatened by the SEC's delay in approving spot Bitcoin ETFs. Whale investors continue to accumulate Bitcoin, adding 60,000 BTC recently, which could delay the price decline if profits don't reach a level that triggers selling.

Portfolio Pulse from Rounak Jain

November 25, 2023 | 8:55 am

META

MSFT

PARA

PARAA

TSLA

AI pioneers Geoffrey Hinton and Yann LeCun are publicly disagreeing on the risks of AI taking over humanity. Hinton advocates for a pause in AI development and strict regulations, while LeCun believes the risks are minimal. Their debate comes as the Biden administration and tech leaders like Elon Musk, Bill Gates, Satya Nadella, and Mark Zuckerberg call for AI safety measures. Paramount Global (PARA, PARAA) featured Hinton's views on CBS's '60 Minutes'.

Portfolio Pulse from Rounak Jain

November 25, 2023 | 7:40 am