Streetbeat News

Regulatory

MSOS

De La Rosa, speaking at the Benzinga Cannabis Capital Conference, emphasized the importance of research dollars in the cannabis industry, particularly for medical applications and the women's market. He believes these areas will be the largest markets for cannabis.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 3:18 pm

MSOS

Lindquist, speaking at the Benzinga Cannabis Capital Conference, emphasized the need for more understanding of the cannabis plant and the importance of moving early research towards clinical stage studies.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 3:16 pm

EBAY

eBay Inc. (NASDAQ:EBAY) has responded to a lawsuit filed by the U.S. Department of Justice (DOJ) seeking to hold the company liable for the sale of products alleged to violate certain laws administered by the Environmental Protection Agency. eBay stated that it is blocking and removing more than 99.9% of the listings for the products cited by the DOJ and has been partnering with law enforcement for over two decades.

Portfolio Pulse from Happy Mohamed

September 27, 2023 | 3:13 pm

MSOS

A presentation titled 'Inside Out: The Synergy Between Cannabis And Wellness' has begun at the Benzinga Cannabis Capital Conference. The US-listed ETF MSOS may be mentioned during the event.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 3:05 pm

HYMTF

Hyundai Motor Co., Ltd.(OTC:HYMTF) and Kia Corp have issued recalls for over 3.3 million vehicles in the US due to fire risk. The vehicles' anti-lock brake system module could leak brake fluid internally and cause an electrical short, increasing the risk of an engine compartment fire. Hyundai plans to notify owners to bring their vehicles to the nearest dealership to replace the ABS module fuse, while Kia is still working on a remedy.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 3:04 pm

BTCUSD

ETHUSD

Jordan Belfort, known as The Wolf of Wall Street, shared his views on cryptocurrency, retail investing, and his upcoming book in an interview with Benzinga. Belfort, who once called cryptocurrency a scam, now acknowledges Bitcoin and Ethereum as legitimate, but still believes the sector needs regulation. He also mentioned that retail traders today have better tools and access to more information. His new book, 'The Wolf of Investing,' due in October, will cover advice and tools for investors, emphasizing that the bulk of one's investment should be in an S&P 500 index fund.

Portfolio Pulse from Chris Katje

September 27, 2023 | 3:02 pm

WASH

Washington Trust Bancorp, Inc. (NASDAQ:WASH) has reached a settlement with the U.S. Department of Justice over alleged violations of fair lending laws in Rhode Island from 2016 to 2021. The settlement does not include any civil monetary penalties. As part of the agreement, Washington Trust will provide $7 million in mortgage loan subsidies over a five-year period in specific census tracts in Rhode Island and commit $2 million for focused community outreach and marketing efforts.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:59 pm

BNBUSD

BTCUSD

ETHUSD

Binance Holdings Ltd is selling its entire Russian operations to the newly formed exchange CommEX, following a probe by the U.S. Justice Department over possible violations of sanctions imposed against Russia. The agency was investigating whether Russians used Binance to skirt U.S. sanctions and whether Binance violated sanctions related to Russia's invasion of Ukraine. Binance plans to gradually phase out all its exchange services and business lines in Russia.

Portfolio Pulse from Murtuza Merchant

September 27, 2023 | 2:37 pm

ACB

CGC

CRON

TLRY

The U.S. Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to make it safer for legal cannabis businesses to operate. The bill, which has bipartisan support, will now move to the Senate floor for further consideration. The legislation is not seen as a step towards legalization, but rather a means to address the risks associated with the current all-cash model of legal cannabis businesses.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:21 pm

MSOS

TWTR

Alexa Alianiello, speaking at the Benzinga Cannabis Capital Conference, highlighted that Twitter has become the first mainstream tech platform to allow cannabis advertising. This move has led to rapid policy relaxations, providing more opportunities for the cannabis industry to grow.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:19 pm