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DOGEUSD

Dogecoin (CRYPTO: DOGE) is trading higher by approximately 7.3% despite no clear news or events linked to this price rise. The broader crypto market, including Dogecoin, has seen strength due to rising optimism about a potential spot Bitcoin ETF. Major financial firms are amending their ETF applications, and the SEC may approve a spot ETF soon. Hong Kong is also considering approving ETFs that directly invest in cryptocurrencies.

Portfolio Pulse from Henry Khederian

November 06, 2023 | 7:36 pm

SPY

VGK

The European Commission is set to recommend that the EU begins membership negotiations with Ukraine and Moldova once they meet outstanding conditions. Formal accession talks could start next year, according to two EU officials cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:35 pm

FXI

SPY

Chinese President Xi Jinping is expected to attend a dinner with top American CEOs during the Asia-Pacific Economic Cooperation Summit in San Francisco next week. This could potentially influence US-China relations and impact related stocks.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:26 pm

APLS

Apellis Pharmaceuticals Inc's stock is trading lower following a report by Citron Research that casts doubt on the company's prospects and the safety of its recently approved treatment for Geographic Atrophy, Syfovre. The report anticipates an FDA warning letter and criticizes the lack of transparency surrounding the drug's approval process and side effect reports. Apellis is under scrutiny for alleged underreporting of retinal vasculitis cases associated with Syfovre use.

Portfolio Pulse from Vandana Singh

November 06, 2023 | 7:12 pm

EIS

SPY

The White House's Kirby has stated that the U.S. does not believe a general ceasefire is appropriate at this time. No specific reasons were given for this stance.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:22 pm

ABBV

AbbVie has implemented an integration plan to reduce costs and integrate the combined company following the closing of the Allergan deal. The company has incurred charges of $2.5 billion through September 30, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:10 pm

LIFW

Shares of MSP Recovery, Inc. (NASDAQ:LIFW) are trading higher on heavy volume, with over 44.9 million shares traded compared to the 100-day average of 2.126 million. The company recently announced compliance with all Nasdaq listing standards, allowing its Class A common stock to continue to be listed and traded on the exchange. MSP Recovery uses data and analytics to identify and recover improper payments in the Medicare, Medicaid and commercial health insurance segments.

Portfolio Pulse from Erica Kollmann

November 06, 2023 | 5:41 pm

HDGE

PSQ

US Senator Thomas Carper, a member of the Senate Finance Committee, has continued his trend of betting against the stock market. He recently sold his positions in the ProShares Short QQQ ETF (NYSE:PSQ) and purchased up to $45,000 in AdvisorShares Ranger Equity Bear ETF (NYSE:HDGE). This move has raised concerns as Carper could have access to insider information due to his position on the Senate Finance Committee.

Portfolio Pulse from Chris Katje

November 06, 2023 | 5:26 pm

CYTH

Cyclo Therapeutics has received a notice of allowance for its U.S. patent application 17/289,137 titled 'Methods For Treating Alzheimer's Disease'. This indicates that the patent office has deemed their application as meeting the requirements for patentability.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:14 pm

SOLUSD

V

Austin Federa, Head of Strategy at Solana Foundation, believes that crypto payments are reshaping financial transactions worldwide. He highlighted the efficiency and cost-effectiveness of blockchain technology, particularly for smaller transactions. Major financial players like Visa are integrating crypto payments into their systems, with Visa using the Solana blockchain for 24/7 transaction settlement. Federa also expressed concerns about U.S. regulation pushing crypto innovation offshore. He emphasized the importance of a regulatory environment that fosters innovation while protecting investors.

Portfolio Pulse from Murtuza Merchant

November 06, 2023 | 5:00 pm