Streetbeat News

Regulatory

DOGEUSD

TWTR

Elon Musk's new biography reveals his skepticism about using blockchain technology for Twitter, despite his interest in cryptocurrencies like Dogecoin. The book also discusses Sam Bankman-Fried, former CEO of FTX, and his enthusiasm for incorporating blockchain into Twitter. Musk's primary banker at Morgan Stanley, Michael Grimes, tried to facilitate a meeting between Musk and Bankman-Fried, who was willing to contribute $5 billion to the potential acquisition of Twitter.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 9:39 am

SOYB

SPY

VGK

WEAT

According to Reuters citing Russia's Tass, the Kremlin has announced that a grain deal is currently on hold with no progress made yet.

Portfolio Pulse from Charles Gross

September 12, 2023 | 9:07 am

VGK

The Eurozone ZEW Economic Sentiment for September has been reported at -8.9, which is worse than the estimated -6.2 and the prior figure of -5.5.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 9:03 am

EWG

Germany's ZEW Current Conditions for September came in at -79.4%, worse than the estimated -75 and the prior -71.3.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 9:02 am

HCM

HUTCHMED (China) Limited (HCM) announced the results from the Phase IIIb clinical trial of savolitinib in patients with non-small cell lung cancer. The trial showed an objective response rate of 60.7% and a disease control rate of 95.2%. No new safety signals were observed.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:41 am

VSAT

Viasat U.K. Ltd., a subsidiary of Viasat Inc. (NASDAQ:VSAT), announced that its next-generation data-at-rest cryptography solid state drive (SSD), DARC-ssd™ 600, has been evaluated by the U.K.'s National Cyber Security Centre for the protection of data up to Top Secret classification. This technology secures government devices that are stolen, lost or attacked, protecting U.K. Ministry of Defence and other sensitive government data.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:07 am

EWU

The U.K. claimant count change for August was reported at 0.9K, significantly lower than the estimated 17.1K and the revised prior figure of 7.4K.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:03 am

VWAGY

Porsche, owned by Volkswagen AG (OTC:VWAGY), is recalling nearly 5,000 of its fully electric Taycan vehicles due to increased risks of fire. The recall follows the identification of an insufficient amount of sealant on the battery, which can lead to liquid accumulation and increase the risk of fire. This recall comes after Volkswagen also recalled certain 2023 Audi RS E-Tron GT and E-Tron GT vehicles citing the same concerns.

Portfolio Pulse from Anan Ashraf

September 12, 2023 | 4:09 am

BTCUSD

ETHUSD

SEC Chair Gary Gensler is set to testify on Capitol Hill, expressing his concerns about the crypto industry's non-compliance with securities laws. He compared the current situation to the 1920s before federal securities laws were implemented. Gensler believes that most crypto tokens likely meet the investment contract test, and everything but Bitcoin is considered a security. The distinction between securities and commodities is crucial as it determines the regulatory oversight under either the SEC or the Commodity Futures Trading Commission.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 3:57 am

DKNG

NVAX

ORCL

PFE

TSLA

U.S. stocks showed positive momentum with the Nasdaq Composite, Dow Jones Industrial Average, and S&P 500 index all rising. Oracle's stock increased by 0.31% with a first-quarter revenue of $12.45 billion, marking a 9% YoY growth. Tesla's stock surged by 10.09% with Morgan Stanley analyst Adam Jonas highlighting Tesla’s custom supercomputer, Dojo, as a potential game-changer. Novavax's stock declined by 12.88% as it awaits FDA approval for its COVID-19 vaccine. DraftKings' stock dipped by 0.19% following criticism for a “Never Forget” parlay promotion. Pfizer's stock declined by 0.91% as recent data indicates a rise in Pfizer’s short percent of float.

Portfolio Pulse from Benzinga Neuro

September 12, 2023 | 2:26 am