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BTCUSD

COIN

ETHUSD

FTTUSD

SOLUSD

Despite the token sale by bankrupt exchange FTX, the crypto market is expected to remain stable, according to Coinbase. FTX's holdings include $1.16 billion in Solana, $560 million in Bitcoin, and $192 million in Ether. FTX has been granted permission to liquidate and reinvest these assets to settle its debts. Coinbase has implemented protective measures capping initial sales at $50 million per week, which could increase to $100 million and potentially $200 million with approval from FTX's debtors.

Portfolio Pulse from Murtuza Merchant

September 18, 2023 | 3:27 pm

ACAD

Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) announced that the U.S. Food and Drug Administration (FDA) has revised the Boxed Warning for its drug NUPLAZID, clarifying that it can be used to treat patients with Parkinson's disease-related hallucinations and delusions who also have dementia. The update is consistent with the current indication and includes no other changes.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 3:20 pm

USO

Saudi Energy Minister has stated that decisions regarding energy should be made in secrecy, similar to the practices of central bankers. This could potentially impact the transparency of the energy market.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 3:06 pm

CVX

HAL

OIH

XLE

XOM

Halliburton Company (NYSE:HAL) is under scrutiny for exporting equipment worth over $7.1 million to Russia, despite announcing last year that it had ceased operations in the country. The equipment was exported to its former Russian operation in the six weeks following the sale of its Russian office. The situation has sparked frustration in Ukraine and raised questions about the trade relationship between U.S. oil and gas companies and Russia.

Portfolio Pulse from Mohit Manghnani

September 18, 2023 | 2:58 pm

SPY

USO

Saudi Energy Minister warns that the world could transition from one type of energy crisis to another if supply chains for critical minerals are not well planned.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:53 pm

BABA

Ant Group, an affiliate of Alibaba (NASDAQ:BABA), is withdrawing its investment from crypto-focused A&T Capital. This comes after the resignation of founding partner, Yu Jun, amid allegations of sexual harassment and a general downtrend in crypto venture funding. Ant Group has shifted its focus towards AI, introducing an AI model and a tool for financial professionals.

Portfolio Pulse from Khyathi Dalal

September 18, 2023 | 2:45 pm

SPY

USO

President Biden has announced sanctions against former Iranian President Ahmadinejad and the Iranian Intelligence Ministry. This could potentially impact the global oil market and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:36 pm

USO

Saudi Energy Minister has stated that the country is not targeting oil prices, but is instead aiming for less volatility in the market.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:28 pm

ZLAB

Zai Lab has received Breakthrough Therapy Designation for its efgartigimod alfa injection in China, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:27 pm

AAPL

BABA

SBUX

SFTBF

TSLA

The article discusses various financial news. Bitcoin's value in 2021 was enough to purchase a Tesla Model Y. Softbank is exploring investing in OpenAI following a successful IPO of Arm Holding. Ford is facing strikes from UAW in the US and potentially in Canada. Apple's iPhone 15 Pro and Pro Max preorders are strong, and the company has major announcements for 2024. Starbucks has promoted Molly Liu to co-CEO of China Business. KKR acquires SingTel's regional data centre unit for $807M. Chevron's Australian gas facility resumes full production. China Evergrande Group's wealth management staff are detained. Novo Nordisk's Clayton plant faces quality control issues. Alibaba plans a $2B investment in Turkey.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 2:26 pm