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Regulatory

GILD

Kite, a Gilead Company, has announced results from its Phase 2 ALYCANTE study of Yescarta CAR T-Cell Therapy for R/R Large B-cell Lymphoma. The results are promising and could potentially lead to a new treatment option for patients.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:09 am

F

GM

STLA

Rep. Debbie Dingell has stated that President Joe Biden should not interfere in the ongoing negotiations between the United Auto Workers (UAW) union and major automakers General Motors, Ford, and Stellantis amid a strike. The statement followed reports that Biden dispatched top aides to Detroit to aid in resolving issues between UAW and the three key automakers. The ongoing strike entered its third day after UAW rejected a 21% wage increase.

Portfolio Pulse from Benzinga Neuro

September 18, 2023 | 7:45 am

DOGEUSD

Billy Markus, co-creator of Dogecoin, criticized former President Donald Trump for his alleged impact on free speech. This came in response to Elon Musk's concerns about legacy media suppressing speech. Musk's X Corp. is currently suing California over a law requiring disclosure of terms of service and submission of reports on combating hate speech. Markus also expressed dissatisfaction with President Joe Biden, criticizing the increase in national debt during his presidency.

Portfolio Pulse from Mehab Qureshi

September 18, 2023 | 7:22 am

AAPL

META

Elon Musk is working on integrating iMessage, WhatsApp, and Signal into a unified text communication platform on his social media platform, X. This move aligns with Musk's vision to transform X into an 'everything app'. The EU's Digital Markets Act has compelled messaging app owners, such as Meta Platforms Inc.'s WhatsApp, Facebook Messenger, and Apple Inc.'s iMessage, to ensure interoperability when requested by other companies.

Portfolio Pulse from Ananya Gairola

September 18, 2023 | 7:06 am

AAPL

Apple Inc. CEO Tim Cook defended the company's continued presence on Elon Musk's social media platform, X, amid allegations from the Anti-Defamation League (ADL). Cook emphasized the importance of the platform for discourse and stated that Apple believes in advocating for change rather than withdrawing. This comes after Apple temporarily suspended ads on Twitter following a shooting incident at an LGBTQ+ nightclub in Colorado.

Portfolio Pulse from Ananya Gairola

September 18, 2023 | 5:02 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed ahead of the Federal Reserve's policy decision. Trading activity on Binance.US hit a new low in September amid challenges for the crypto exchange. Asset management giant Franklin Templeton is planning to list a spot BTC exchange-traded fund (ETF), and Deutsche Bank is expanding into digital asset custody and tokenization. Analysts suggest that the crypto markets are consolidating, with Bitcoin likely to confirm its direction ahead of the 2024 Halving.

Portfolio Pulse from Mehab Qureshi

September 18, 2023 | 2:59 am

TSLA

Elon Musk reportedly aimed to use Tesla's internal driver monitoring camera to gather evidence for autopilot-related lawsuits, according to a biography by Walter Isaacson. The cameras, first introduced in Tesla's Model 3 in 2017 and later in S/X models, were not activated until 2021. They are now used to ensure drivers are focused on the road while Autopilot or Full Self-Driving systems are engaged. Musk's primary motivation for using the cameras was allegedly to protect Tesla and himself against lawsuits or investigations.

Portfolio Pulse from Benzinga Neuro

September 18, 2023 | 2:42 am

USO

Democratic presidential candidate Robert Kennedy Jr.'s proposal to ban fracking has been criticized by oil analyst Anas Alhajji, who warns that such a move could cause oil prices to spike to $200 per barrel, gasoline prices to $9 per gallon, and natural gas to $9 to $14. Alhajji also warns that a fracking ban could lead to the disappearance of U.S. oil exports, a doubling of oil imports, and a heavy reliance on foreign countries, including Russia and OPEC members. This could weaken the dollar and destroy the U.S. LNG industry.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 12:58 am

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GM

STLA

United Auto Workers (UAW) President, Shawn Fain, has declared his non-endorsement for President Joe Biden in the upcoming 2024 elections. This follows recent attempts by the Biden administration to involve itself in the UAW’s ongoing negotiations with leading automakers such as Ford Motor Co, General Motors Company, and Stellantis NV. The UAW has been critical of Biden's EV policies, stating that the government was investing billions in EV transition without any commitment to workers.

Portfolio Pulse from Benzinga Neuro

September 18, 2023 | 12:19 am

COIN

ETHUSD

Coinbase (NASDAQ:COIN) has retained around $1 million from the July cyber attack on Curve Finance, a decentralized finance (DeFi) sector player. The funds were obtained during the turmoil that followed the security breach at Curve. Despite pleas from Alchemix, a protocol that lost $22 million in Curve-based tokens, Coinbase has shown no willingness to return the funds. The crypto industry has seen thefts amounting to $735 million this year.

Portfolio Pulse from Bibhu Pattnaik

September 17, 2023 | 9:40 pm