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Regulatory

META

MSFT

SNAP

The U.S. Senate is expected to pass a bill aimed at protecting children from harmful online content, requiring tech companies to take steps to prevent harm on platforms used by minors. The bill has bipartisan support and targets companies like Meta, Snap, X (formerly Twitter), and TikTok.

Portfolio Pulse from Ananya Gairola

July 30, 2024 | 5:24 am

BTCUSD

COIN

Key Democratic donors are pushing for Vice President Kamala Harris to speak at the upcoming Permissionless cryptocurrency conference, organized by Blockworks. The event aims to attract speakers from both political parties and could influence mainstream acceptance of cryptocurrency ahead of the 2024 U.S. presidential election. Notable confirmed speakers include Mike Novogratz, CEO of Galaxy Digital, and Coinbase Chief Legal Officer Paul Grewal.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 5:04 am

MSFT

NVDA

The UAE has blocked meetings between U.S. Congressional staffers and Emirati AI firm G42 due to concerns over potential technology transfer to China. This follows a $1.5 billion investment by Microsoft in G42, raising fears of sensitive AI technology being diverted to China. Congress is expected to increase oversight of the G42-Microsoft deal.

Portfolio Pulse from Ananya Gairola

July 30, 2024 | 4:26 am

ACB

CGC

CWBHF

HEMP

TLRY

The U.S. Environmental Protection Agency (EPA) has awarded a $6.2 million grant to the Hemp Building Institute (HBI) to promote the use of biogenic materials like hemp in construction. This initiative is part of a broader $160 million effort under President Biden's Inflation Reduction Act to reduce greenhouse gas emissions. The project aims to develop digital carbon accounting standards and Environmental Product Declarations (EPDs) for materials like hemp, soy, and straw bale. Companies like Charlottes Web Holdings, Canopy Growth, Aurora Cannabis, Tilray, and Hemp Inc. may benefit from the increased use of hempcrete.

Portfolio Pulse from Patricio Liddle

July 30, 2024 | 4:01 am

BTCUSD

Economist Justin Wolfers ridiculed Senator Cynthia Lummis' proposal to add Bitcoin as a strategic reserve to combat inflation and national debt. Wolfers criticized the lack of logical connection in Lummis' statements, calling it 'one of the most amazing word salads.' The debate over cryptocurrency's role in national policy continues, with mixed reactions to similar proposals from figures like former President Donald Trump.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 3:58 am

AAPL

BTCUSD

DOGEUSD

ETHUSD

MSFT

Bitcoin and Dogecoin experienced declines while Ethereum saw gains as the U.S. government moved $2 billion worth of Bitcoin, causing market panic. The S&P 500 and Nasdaq Composite saw slight increases, while the Dow Jones Industrial Average fell. Investors are looking forward to earnings reports from Microsoft and Apple. Economist Alex Krüger linked Bitcoin's correction to Vice President Kamala Harris's positive polling results.

Portfolio Pulse from Aniket Verma

July 30, 2024 | 2:22 am

SPGC

Trading for SPGC was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 11:50 pm

GLASF

Glass House Brands Inc. has issued an open letter to President Biden, Former President Trump, and Vice President Harris, urging them to de-schedule cannabis and grant clemency to those incarcerated for nonviolent marijuana offenses. The letter highlights public support for federal cannabis reform and the disparity between state and federal laws.

Portfolio Pulse from Javier Hasse

July 29, 2024 | 9:14 pm

TTWO

SAG-AFTRA has initiated a strike involving video game voice actors, affecting many games in development. However, Take-Two Interactive's Grand Theft Auto 6 remains unaffected due to an existing agreement. The strike primarily revolves around AI protections, with both sides expressing willingness to negotiate.

Portfolio Pulse from Franca Quarneti

July 29, 2024 | 8:55 pm

BNOX

Bionomics Limited (NASDAQ:BNOX) will host a corporate update on July 31, 2024, to discuss the outcomes of an end-of-Phase 2 meeting with the FDA regarding the advancement of BNC210 for PTSD treatment into Phase 3.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:52 pm