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The U.S. Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) firms, Opyn, Inc., ZeroEx, Inc., and Deridex, Inc., for various violations including failure to register and facilitating illicit transactions. The firms have been penalized with civil monetary fines of $250,000, $200,000, and $100,000 respectively and ordered to halt further violations of the Commodity Exchange Act and related CFTC regulations.

Portfolio Pulse from Murtuza Merchant

September 08, 2023 | 3:29 pm

BUR

Burford Capital has announced that it will make a further announcement after reviewing and analyzing the decision statement regarding the Petersen and Eton Park matters.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:22 pm

OPTHF

Optimi Health (OTCQX:OPTHF) has received approval from Health Canada to supply MDMA and psilocybin drugs to the country's Special Access Program (SAP). The company has also secured CA$1M in private financing through a non-dilutive debt financing agreement. The loan, bearing a 7.5% annual interest rate, is secured against the company's assets and will be fully repaid by August 29, 2026.

Portfolio Pulse from Lara Goldstein

September 08, 2023 | 3:15 pm

VRNOF

Alabama's cannabis regulators are set to meet with potential producers and distributors of medical marijuana to resolve ongoing litigation concerning the state's faulty license allocation process. The Alabama Medical Cannabis Commission (AMCC) has been sued multiple times by companies that either didn't receive a license or scrapped it following AMCC's two failed attempts to award them. Among the companies involved in the legal disputes are Alabama Always LLC and Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF).

Portfolio Pulse from Jelena Martinovic

September 08, 2023 | 3:07 pm

XRPUSD

Ripple, a leading enterprise blockchain and crypto solutions company, has announced its acquisition of Fortress Trust, a subsidiary of Fortress Blockchain Technologies. Fortress Trust provides licensed Web3 financial, regulatory, and technology infrastructure for blockchain innovators. This acquisition follows Ripple's recent purchase of crypto custody provider Metaco for $250M. The acquisition of Fortress Trust expands Ripple's portfolio of regulatory licenses, as Fortress Trust holds a Nevada Trust license. Ripple plans to invest in parent company, Fortress Blockchain Technologies and its FortressPay services after the deal closure.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:07 pm

BUR

Trading of shares in Burford Capital has been halted pending an announcement.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:05 pm

AREB

PLTR

SPWH

SWIN

TDUP

Benzinga's Stock Whisper Index has identified five stocks that warrant attention for the week of Sept. 8, 2023. These include Palantir Technologies, ThredUp Inc, Solowin Holdings, Sportsman’s Warehouse Holdings, and American Rebel Holdings. Palantir is advising the White House on AI regulation, ThredUp saw strong interest despite minimal news, Solowin went public with huge volatility, Sportsman’s Warehouse shares declined after Q2 results missed estimates, and American Rebel shares increased after an update from the company.

Portfolio Pulse from Chris Katje

September 08, 2023 | 2:45 pm

NKLA

Nikola Corporation's (NASDAQ:NKLA) shares are trading lower, with a decrease of over 60% in the last month. This follows a report of a third incident where the lithium-ion cell battery of a Nikola electric vehicle caught fire. The company had previously recalled approximately 209 Class 8 Tre battery-electric vehicles due to fire risk and postponed all new BEV sales until the issues were resolved. Currently, 19.42% of available NKLA shares are being sold short.

Portfolio Pulse from Erica Kollmann

September 08, 2023 | 2:38 pm

AAPL

CVX

GOOG

HOFT

ILMN

LLY

PVH

SPOT

STLA

TWTR

Elon Musk's acquisition of Twitter (now X) has reportedly lost 90% of its value. General Motors' wage offer has been branded as 'insulting' by UAW President Shawn Fain. Stellantis has opened its first Battery Technology Center in Italy. Kroger and Albertsons have agreed to sell select assets to C&S Wholesale Grocers for $1.9 billion. Kroger also reported a Q2 sales decline and reached a settlement for opioid claims. UK's NICE has endorsed Eli Lilly's diabetes medication, Mounjaro. Hooker Furnishings reported a Q2 sales decline. PVH Corp's subsidiary, Calvin Klein, has signed a licensing deal with Revman. Apple has responded to the discovery of zero-day exploits. Workers at Chevron's LNG projects in Australia have gone on strike. Zoom has engaged with regulators over Microsoft's perceived anticompetitive behavior. Google has cut ties with Joshua Wright over sexual harassment allegations. Goldman Sachs is preparing for another round of job cuts. Spotify plans to offer free audiobooks to its paying subscribers. Carl Icahn has shown support for Illumina's new CEO.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 2:32 pm