Streetbeat News

Regulatory

RTX

The US State Department has approved a potential sale of Advanced Medium-Range Air-to-Air Missiles to Lithuania, estimated at $100M, according to Reuters citing the Pentagon. Raytheon Technologies (RTX) may be involved in the deal.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 7:16 pm

VMW

VMware shares are trading higher, potentially rebounding after a drop last week due to reports suggesting China could delay approval of the company's proposed deal with Broadcom.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 7:05 pm

NVDA

NVIDIA shares are trading higher, possibly due to the momentum in the AI sector. The stock may also be rebounding after a recent fall due to US plans to halt advanced AI chip shipments to China.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 7:04 pm

TSLA

Tesla shares are trading higher, recovering from last week's losses due to weak earnings results. However, the recovery is being limited by new reports of a DOJ probe into the company. The investigations are centered around perks provided to CEO Elon Musk, advertised vehicle range and self-driving capabilities, and potential wrongdoings related to employee selection and treatment.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 6:59 pm

CBAY

CymaBay Therapeutics announced that the FDA has revised the Breakthrough Therapy Designation for seladelpar to include the treatment of primary biliary cholangitis, including pruritus in adults without cirrhosis or with compensated cirrhosis. This news has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:56 pm

AAPL

AMZN

BTCUSD

Seamus Rocca, CEO of Xapo Bank, shared insights on Bitcoin's potential to become a global reserve currency. He emphasized the need for broader institutional acceptance, clearer regulation, and dispelling misconceptions about Bitcoin's environmental impact. Xapo Bank, which serves as a custodian for Bitcoin, offers a deposit-guaranteed bank account that integrates with Bitcoin transactions. Rocca also hinted at upcoming features, including options for users to invest in S&P 500 tracker funds and buy stocks from companies like Apple and Amazon.

Portfolio Pulse from Murtuza Merchant

October 23, 2023 | 6:49 pm

XRPUSD

In the ongoing lawsuit between Ripple (CRYPTO: XRP) and the U.S. Securities and Exchange Commission (SEC), lawyer Bill Morgan believes that the odds are in favor of Ripple, with only a 3%-14% chance of the SEC winning its appeal. The SEC recently dropped all charges against Ripple CEO Brad Garlinghouse and Executive Chair Chris Larsen. The XRP token price is trading 2.6% higher at the time of writing, with a 6.6% surge reported over the past week.

Portfolio Pulse from Khyathi Dalal

October 23, 2023 | 6:48 pm

EIS

SPY

The US State Department has expressed concern about the possibility of conflict moving from Gaza to North, to Southern Lebanon. This geopolitical tension could potentially impact the market.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:10 pm

VHAQ

Shares of Viveon Health Acquisition Corp. have been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 5:45 pm

INNPF

Innocan Pharma Corporation has closed the second and final tranche of its private placement offering, issuing 4,005,408 units at $0.30 per unit for aggregate gross proceeds of $1,201,622. The company intends to use the net proceeds to fund pre-investigational new drug meetings with the FDA, investigational new animal drug meetings with the FDA, and for the expansion of the company's derma-cosmetic product distribution.

Portfolio Pulse from Jelena Martinovic

October 23, 2023 | 5:31 pm