Streetbeat News

Regulatory

SKYH

Sky Harbour Group has amended its 2Q23 cash flow statement, restating its net cash used in operating activities to $5.73M from the previously reported $9.1M.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:35 am

MNOV

MediciNova has received a notice of allowance from the Canadian Intellectual Property Office for a new patent application. The patent covers the combination of MN-166 and Riluzole for the treatment of Amyotrophic Lateral Sclerosis (ALS).

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:26 am

ODV

Osisko Development has received an Environmental Assessment Certificate for its Cariboo Gold Project in Central British Columbia, Canada. This is a significant step forward for the project.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:22 am

EWG

Germany's Consumer Price Index (CPI) for September remained unchanged at 0.3%, in line with estimates.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:01 am

EWG

Germany's Consumer Price Index (CPI) for September was reported at 4.5%, in line with estimates, but lower than the previous figure of 6.1%.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:01 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have shown resilience amidst the ongoing Israel-Hamas conflict. Israeli police have seized cryptocurrency accounts associated with Hamas, with the help of Binance and other entities. The global crypto market cap stands at $1.07 trillion, reflecting a 0.46% decrease in the past 24 hours. U.S. stocks recorded gains on Tuesday, with the S&P 500 and Nasdaq Composite registering increases. Analysts predict potential weakness in Bitcoin and a possible collapse of Ethereum by year-end.

Portfolio Pulse from Mehab Qureshi

October 11, 2023 | 2:44 am

AAPL

GOOG

MSFT

Emails from Alphabet Inc.’s CEO Sundar Pichai have revealed his concerns about the bad ‘optics’ of Google’s deal with Apple Inc. The emails, dating back to 2007, have come to light as part of the Justice Department’s ongoing antitrust case against Google. The emails reveal Pichai's unease over the agreement in which Google paid Apple to become the pre-selected search engine on the Safari browser. The DOJ filed a lawsuit in 2020, accusing Google of paying over $10 billion annually to secure its position as the default search engine on web browsers and mobile devices.

Portfolio Pulse from Ananya Gairola

October 11, 2023 | 2:10 am

USDTUSD

Bitfinex's parent company, iFinex Inc., is considering a $150 million share repurchase to increase its influence over the crypto exchange's operations. The repurchase reflects iFinex's positive performance over recent years and aims to ease shareholders' regulatory burdens. The company has faced regulatory challenges, including a $42.5 million fine in 2021 over allegations concerning Tether's USDT stablecoin reserves and Bitfinex's unauthorized U.S. operations.

Portfolio Pulse from Murtuza Merchant

October 10, 2023 | 10:43 pm

FTTUSD

Gary Wang, former CTO at FTX, testified in court about the financial operations of Alameda Research and its association with FTX. He raised concerns about the handling of FTX tokens and the company's financial transparency. Wang confirmed that Alameda Research did not reflect withdrawals from FTX in the fiat account and had a line of credit of $65 billion, but did not draw down nearly that amount. He also revealed that he received more than $200 million in loans from Alameda, of which he used $200,000 to purchase a house.

Portfolio Pulse from Murtuza Merchant

October 10, 2023 | 10:31 pm

FRZA

Forza X1 has filed for a mixed shelf offering of up to $100 million, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 9:18 pm