Streetbeat News

Regulatory

ATVI

MSFT

Microsoft Corp (MSFT) and Activision Blizzard, Inc (ATVI) are reportedly considering giving up some control of their cloud-gaming business in the U.K. to appease regulators and complete their $69 billion merger by July 18. This could involve selling off the cloud-based market rights for games in the U.K. Both companies believe the deal can be closed before the deadline, despite opposition from U.S. and U.K. regulators fearing anticompetitive repercussions.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 11:41 am

ZLAB

Zai Lab has announced the treatment of the first patient in Mainland China as part of its global Phase 3 FORTITUDE-101 study of Bemarituzumab in first-line gastric cancer.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:36 am

DIS

Florida Governor Ron DeSantis is set to participate in his first Republican primary debate on Aug. 23. His performance could significantly impact his standing in the race. DeSantis's campaign has faced several challenges, including criticism from Donald Trump and an ongoing feud with The Walt Disney Company (NYSE:DIS) over the 'Don't Say Gay' bill.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 11:22 am

SLM

SOFI

SPY

The Biden administration has forgiven $39 billion in student debt for over 800,000 borrowers. This move could impact the revenues of student loan companies like SLM Corp and SoFi Technologies.

Portfolio Pulse from Charles Gross

July 14, 2023 | 11:07 am

FXI

China's cabinet is reportedly encouraging and attracting more private capital to participate in the construction, renovation, operation, and maintenance of some infrastructure facilities, according to Reuters.

Portfolio Pulse from Charles Gross

July 14, 2023 | 10:45 am

CGC

Canopy Growth Corporation (CGC) has been notified by the Nasdaq that it is not in compliance with Listing Rule 5450(A)(1) due to its common shares closing bid price being below $1.00 per share for 30 consecutive business days.

Portfolio Pulse from Charles Gross

July 14, 2023 | 10:35 am

CNTG

Centogene has regained compliance with Nasdaq's listing requirements, avoiding potential delisting.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:33 am

XRPUSD

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, criticized the Biden administration's stance on cryptocurrencies. This comes as a recent poll shows 2024 Democratic presidential contender Robert F. Kennedy Jr. gaining favorability. Winklevoss's criticism coincides with a legal development involving the SEC, which had filed a lawsuit against Ripple Labs. However, a court ruling determined that XRP, the cryptocurrency in question, does not qualify as a security. XRP was trading at $0.079, up 65% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 10:31 am

EWY

SPY

North Korea has stated that no one has the right to take issue with its Intercontinental Ballistic Missile (ICBM) launch and will continue to push for the most overwhelming nuclear deterrence until the U.S. drops its hostile policy, according to Reuters citing KCNA.

Portfolio Pulse from Charles Gross

July 14, 2023 | 10:08 am

ARKK

BAC

BYDDF

TSLA

XRP-USD

Ark Invest purchased 1.4M shares of Quantum-Si. Citigroup is expected to report lower Q2 earnings. Bank of America is adopting AI and Metaverse for new employee onboarding. Tesla may soon include AirPlay for in-car entertainment. BYD, backed by Warren Buffett, is planning to enter India's EV market with a $1B proposal. Over $33M worth of XRP shorts were liquidated in 12 hours.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 9:55 am