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Regulatory

CRLBF

TLLTF

Ohio voters have approved a ballot initiative to legalize adult-use cannabis. Industry leaders, including TILT Holdings (OTC:TLLTF) and Cresco Labs (OTCQX: CRLBF), have praised the decision. The legalization is expected to generate between $276.2 million and $403.6 million in annual tax dollars by the fifth year and create at least 3,300 jobs.

Portfolio Pulse from Maureen Meehan

November 08, 2023 | 8:27 pm

HNRA

HNR Acquisition has filed a registration statement to register approximately 1.3 million shares that were issued prior to its IPO. This move is aimed at facilitating the approval of its listing with the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:22 pm

BTCUSD

Crypto analyst Cryptonary predicts that Bitcoin (CRYPTO: BTC) will likely hover within the bounds of $34,000 to $35,600 in the immediate term. This prediction is based on the current market scenario painted by the Federal Reserve's latest remarks, which have injected a dose of uncertainty. The Federal Reserve's comments, particularly those from Neel Kashkari, suggest a more hawkish future stance than previously anticipated, which has had a subtle yet palpable effect on pre-market activities across major indexes and the Dollar Index.

Portfolio Pulse from Murtuza Merchant

November 08, 2023 | 8:20 pm

CAE

Mackenzie Financial Corp has reported a 10.07% passive stake in CAE Inc as of October 31, according to an SEC 13G filing.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:37 pm

LLY

Eli Lilly's shares are trading higher following the FDA's approval of Zepbound for chronic weight management.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:14 pm

SPY

The U.S. House Oversight Committee has announced that it will issue subpoenas to Hunter Biden and James Biden for depositions. The news does not provide further details on the reason for the subpoenas or the potential implications.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:05 pm

LLY

NVO

The FDA has approved Eli Lilly's Zepbound (tirzepatide) injection for obesity treatment, which is expected to be available in the U.S. by the end of the year. The drug is priced approximately 20% lower than Nova Nordisk's semaglutide 2.4 mg injection for weight loss. Eli Lilly's shares are up 1.99% following the news.

Portfolio Pulse from Vandana Singh

November 08, 2023 | 7:04 pm

GOOGL

VGK

EU Industry Chief, Breton, will request information from TikTok and Google's YouTube on how they comply with EU online content rules protecting minors. The requests will be sent on Friday, according to a person with direct knowledge.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 6:09 pm

SPY

The White House has announced that President Biden would veto a Senate resolution that aims to eliminate the domestic manufacturing requirement for federally funded EV chargers. This indicates the administration's commitment to supporting domestic manufacturing and jobs.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 6:07 pm

ETHUSD

On Tuesday, 5,992.28 Ether (ETH) worth $11,346,139 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's EIP-1159 upgrade, which changes the fee model and burns a base fee from each transaction. This reduces the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, but this is expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -5.93%.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:00 pm