Streetbeat News

Regulatory

MSFT

Microsoft Corp. has updated its terms of service for Bing Chat, powered by OpenAI's ChatGPT, to store the conversations of its users. The new terms, effective from September 30, state that Microsoft will process and store user inputs and outputs from the service for monitoring purposes and to prevent abusive use. However, Microsoft and OpenAI have clarified that they will not use this data to train Bing Chat. The new terms apply to non-enterprise users, while enterprise users' conversations will not be saved.

Portfolio Pulse from Rounak Jain

August 16, 2023 | 10:50 am

COIN

Coinbase, a leading cryptocurrency exchange, has received approval from the National Futures Association (NFA) to offer crypto futures. This move could potentially attract more institutional investors to the platform.

Portfolio Pulse from Charles Gross

August 16, 2023 | 10:04 am

INTC

TSEM

Intel Corporation and Tower Semiconductor have mutually agreed to terminate their merger agreement due to regulatory approval delays. Intel will pay a termination fee of $353 million to Tower.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:25 am

INTC

TSEM

Intel Corp. is likely to cancel its $5.4 billion acquisition of Tower Semiconductor Ltd. due to lack of regulatory approval from China. The deadline for the transaction was August 15, 2023, and the companies do not expect to receive approval by then.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 4:15 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant decline following a mid-afternoon selloff on Tuesday. This occurred despite the launch of Europe's first Bitcoin ETF by London-based Jacobi Asset Management on Euronext Amsterdam. The ETF, regulated by the Guernsey Financial Services Commission, is now available for trading under the ticker “BCOIN”. Crypto analyst Michael Van De Poppe noted that there have been no significant updates on ETF applications from the SEC, and another analyst predicts a potential decline for Bitcoin by the end of this year.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 3:15 am

TSLA

Tesla Inc. is preparing to launch its Full Self-Driving (FSD) Beta in China, despite potential regulatory challenges. The company is hiring a new team to manage the rollout, including an operations team and data labelers. The FSD package, priced at $15,000, has been on sale for nearly a decade but has not yet fully delivered autonomous driving. The launch in China, Tesla's largest market outside North America, is not expected until next year due to regulatory hurdles.

Portfolio Pulse from Benzinga Neuro

August 16, 2023 | 2:53 am

FLHLF

JAQC

Filament Health (OTCQB:FLHLF) has released its Q1 2023 financial results, showing a decrease in total cash and an accumulated deficit of $19.6 million. The company has expressed uncertainties about its ability to execute its business plan and continue operations without additional financing. Filament has announced its intention to list on the NASDAQ through a business combination with Jupiter Acquisition Corp. (NASDAQ:JAQC). The company has also reported progress in its drug development program, including FDA approval of two clinical studies and a global licensing agreement with NeoLumina Bioscience Inc.

Portfolio Pulse from Lara Goldstein

August 15, 2023 | 10:21 pm

FOX

FOXA

RUM

A new poll reveals a slight dip in former President Donald Trump's lead over other Republican contenders for the 2024 presidential election. The poll, conducted before Trump faced a fourth indictment, shows him with a 41-point lead, down from a 43-point lead. The first Republican primary debate is set for Aug. 23 and will be shown on Fox News and livestreamed on Rumble Inc. Trump is expected to skip the first debate.

Portfolio Pulse from Chris Katje

August 15, 2023 | 8:29 pm