Streetbeat News

Regulatory

DMK

DMK Pharmaceuticals has been granted a Canadian patent titled 'An Opioid For Use To Reduce And/Or Treat Drug Addiction.' This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 5:25 pm

BTCUSD

ETHUSD

SPY

Prosecutors may present evidence of FTX founder Sam Bankman-Fried's political donations at his trial. The potential impact on FTX and related cryptocurrencies is unclear.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 5:23 pm

BTCUSD

Analysts have raised concerns about the potential vulnerabilities in the Bitcoin market due to leveraged long positions that lack adequate spot buying support. More than $44 million in Bitcoin futures positions were liquidated last Monday, with the spot price experiencing a swing of over $1,000. The analysis also pointed out the occurrence of several 'long squeezes' since late August, indicating a potentially over-leveraged bullish sentiment.

Portfolio Pulse from Murtuza Merchant

September 26, 2023 | 5:18 pm

BUSDUSD

Certain crypto exchanges, including Bitspay, are reportedly exaggerating their daily trading volumes and operating without proper licenses. Estonia's Financial Intelligence Unit confirmed that Bitspay doesn't hold a valid license to operate in the country. Meanwhile, Binance has deregistered its Europe entities, Cyprus and U.K, and closed its Netherlands operations after failing to receive a local license. However, it has resumed operations in Belgium.

Portfolio Pulse from Khyathi Dalal

September 26, 2023 | 4:44 pm

CVX

USO

XOM

The director of California's Division of Petroleum Market Oversight (DPMO), Tai Milder, has raised concerns over rising gasoline prices in a letter to Governor Gavin Newsom. The DPMO's review of recent data revealed that some refineries failed to maintain adequate gasoline levels or import enough fuel to compensate for production shortfalls during the summer. This has contributed to the surge in prices and planned and unplanned refinery outages. The rising cost of crude oil, driven by Russia's invasion of Ukraine, has also contributed to the price increase.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 4:35 pm

FTTUSD

FTX founder Sam Bankman-Fried has sought a provisional release from detention during his ongoing trial. His bail was first rescinded in August, and his pleas to reverse this decision have been turned down. His attorneys have highlighted the challenges they face in trial preparations. The latest plea proposes Bankman-Fried's release on Oct. 2, with strict monitoring and communication restrictions.

Portfolio Pulse from Murtuza Merchant

September 26, 2023 | 4:22 pm

CURLF

TCNNF

The Benzinga Cannabis Capital Conference is set to take place on September 27-28, featuring discussions on cannabis industry insights and predictions. Keynote speakers include Kim Rivers, CEO of Trulieve (OTC:TCNNF), and Boris Jordan, Executive Chairman of Curaleaf (OTC:CURLF). The conference will also feature participation from senior FDA officials, addressing regulatory challenges of delta-8 and delta-9 THC products. The potential growth of the cannabis industry with HHS rescheduling and the impact of cannabis legislation on tax brackets and free cash flow for cannabis companies will also be discussed.

Portfolio Pulse from The Dales Report

September 26, 2023 | 4:21 pm

AMZN

Amazon is facing a lawsuit from the Federal Trade Commission (FTC), which the company claims is incorrect in both facts and law. Amazon is preparing to defend its case in court.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 4:16 pm

AMZN

Amazon has stated that if the Federal Trade Commission's antitrust suit against it is successful, it would result in fewer product choices, higher prices, and slower deliveries for consumers.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 4:15 pm

OCUP

Ocuphire Pharma Inc has received New Drug Application (NDA) approval from the FDA for RYZUMVI Type 3, a new dosage form of the drug.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 4:13 pm