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Regulatory

AAPL

BTCUSD

Social media platform Damus, backed by Jack Dorsey, faces removal from Apple's App Store for violating the guideline on business payments due to its Bitcoin tipping feature. Damus developers argue that the tipping function is a form of charitable giving, not traditional in-app content purchases.

Portfolio Pulse from Mehab Qureshi

June 27, 2023 | 3:18 am

DIS

Florida Governor Ron DeSantis' attorneys filed a motion to dismiss Walt Disney Co.'s (NYSE:DIS) lawsuit, arguing that the defendants are protected by immunity and that Disney has no legal standing to sue them. The lawsuit stems from Disney's opposition to Florida's 'Don't Say Gay' law, which led to the state revoking special privileges for Disney's theme parks.

Portfolio Pulse from Navdeep Yadav

June 27, 2023 | 3:06 am

FXI

Chinese Premier Li Qiang announced that China is on track to achieve its 5% annual growth target. This positive outlook may impact the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Bill Haddad

June 27, 2023 | 3:05 am

TSLA

A Tesla vehicle running on Autopilot collided with a stationary semi-truck in Pennsylvania, resulting in the 18-year-old driver being charged with careless driving. No injuries were reported. The National Highway Traffic Safety Administration has opened about 40 crash investigations involving Tesla vehicles in Autopilot mode since 2016.

Portfolio Pulse from Anan Ashraf

June 27, 2023 | 2:56 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Monday evening following a week-long rally driven by several crypto-related ETF applications in the U.S. The SEC approved the nation's first leveraged Bitcoin futures ETF offered by Volatility Shares. Crypto analyst Michael Van de Poppe signaled a surge in institutional interest in Bitcoin, while Markus Thielen, head of crypto research and strategy at Matrixport, predicted significant gains for Bitcoin in July.

Portfolio Pulse from Mehab Qureshi

June 27, 2023 | 2:39 am

TRI

Thomson Reuters Corporation (TSX:TRI) has signed a definitive agreement to acquire Casetext, a California-based provider of AI technology for legal professionals, for $650 million cash. The acquisition will complement Thomson Reuters' existing AI roadmap and build on its recent initiatives, including a commitment to invest over $100 million annually on AI capabilities.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 2:14 am

TIL

Instil Bio announced the presentation of preclinical data for ITIL-306 at the British Society for Gene and Cell Therapy Annual Conference. The data showed enhanced activity of TILs against autologous NSCLC, ovarian, and renal tumors. ITIL-306 is expected to resume clinical study in 2H 2023, with initial clinical data anticipated in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 8:40 pm

CREG

Smart Power has regained compliance with NASDAQ requirements, avoiding potential delisting.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 8:37 pm

APTO

Aptose Biosciences has regained compliance with Nasdaq's minimum bid price requirement, as its common shares have maintained a closing bid price of at least $1.00 for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 8:08 pm

TERN

Terns Pharmaceuticals announced new preclinical data for its TERN-601 program in obesity, showing significant improvements in glucose tolerance, food intake suppression, and gastric emptying in a transgenic mouse model. The company plans to initiate a Phase 1 clinical trial in the second half of this year, with top-line data expected in 2024.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 8:07 pm