Streetbeat News

Regulatory

ACB

CRON

GRWG

SNDL

TLRY

Cannabis stocks are trading lower due to reported roadblocks over the SAFE Banking Act. This includes Aurora Cannabis (ACB), Cronos Group (CRON), GrowGeneration Corp (GRWG), Sundial Growers (SNDL), and Tilray (TLRY).

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:43 pm

BNBUSD

BTCUSD

Binance, a major cryptocurrency exchange, has reportedly laid off over 1,000 employees globally due to regulatory challenges, particularly in the U.S. and Europe. The layoffs could result in Binance losing more than a third of its staff. This comes amid a series of regulatory actions against the company by U.S. authorities, including a lawsuit by the SEC and an ongoing investigation by the Justice Department. Binance.US, a separate exchange in the U.S., has also been facing challenges after the SEC lawsuit.

Portfolio Pulse from Piero Cingari

July 14, 2023 | 6:42 pm

PFE

A study conducted by researchers at the University of Rochester and Harvard University revealed that Pfizer's COVID-19 pill, Paxlovid, was underutilized in nursing homes, despite its proven efficacy. The study found that only about 25% of nursing home residents with COVID-19 were prescribed any antiviral medication from May 2021 to December 2022. The underuse of Paxlovid likely led to a significant amount of avoidable mortality, according to Harvard professor Michael Barnett.

Portfolio Pulse from Vandana Singh

July 14, 2023 | 6:40 pm

CAN

CLSK

MIGI

SDIG

Crypto-related stocks are trading lower due to potential profit taking after a surge on Thursday. This surge was triggered by a US judge ruling that Ripple sales do not constitute an offer of investment contracts.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:25 pm

ARBK

BTOG

CIFR

EBON

HIVE

MARA

RIOT

Crypto-related stocks are trading lower due to potential profit taking after a surge on Thursday. This surge was triggered by a US judge ruling that Ripple sales do not constitute an offer of investment contracts.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:24 pm

ATVI

MSFT

NTDOY

Microsoft Corp. (NASDAQ:MSFT) has released a filing stating that Activision Blizzard Inc's (NASDAQ:ATVI) decision to remove Call of Duty from Steam was a failure. The move was an attempt to grow Activision's Battle.net platform, but it did not result in an increase in active users. Microsoft used this information in its legal dispute with the Federal Trade Commission (FTC), which is trying to block Microsoft's $69 billion acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

July 14, 2023 | 6:22 pm

BEKE

IQ

JD

PDD

TAL

TME

Chinese stocks are trading lower after earlier gains due to hopes of an end to a regulatory crackdown on tech. China's exports also fell in June, potentially impacting economic sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:02 pm

ETHUSD

A total of 6,854.19 Ether (ETH) worth $13,459,506 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159 on August 5th, 2021, which changed the fee model and burns a variable base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -9.07% yesterday.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

MNK

Mallinckrodt has announced that its board has not yet determined the ultimate path for the company, including whether or not it will file under U.S. Bankruptcy Code or insolvency laws, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 5:53 pm

MNK

Trading of shares in Mallinckrodt Plc has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 5:34 pm