Streetbeat News

Regulatory

BIOL

The U.S. Department of Defense's Department of the Army has posted a solicitation for Biolase Waterlase Express Endodontic Laser.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:40 pm

TSLA

Tesla has introduced a mobile Megacharger in Las Vegas, a dedicated charging unit for the Tesla Semi with a 750 kW charging rate. The Megacharger is currently confined to various areas in the western US and is used by PepsiCo and Frito-Lay at their distribution plants in Northern California. Tesla is reportedly seeking nearly $100 million in funding from the U.S. government to build a corridor of Megachargers from California to Texas.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:16 pm

EWI

ISNPY

UNCRY

Italy's government has announced a 40% windfall tax on bank profits, causing market chaos. The tax targets the net interest margin and aims to inject fresh resources into Rome’s debt-challenged coffers. Major Italian banks, including Intesa Sanpaolo Spa and Unicredit Spa, have seen their shares drop significantly. The iShares MSCI Italy ETF is also expected to be impacted.

Portfolio Pulse from Piero Cingari

August 08, 2023 | 3:05 pm

AGNPF

Algernon NeuroScience, a subsidiary of Algernon Pharmaceuticals Inc., has completed a feasibility study and finalized its clinical trial design for a phase 2 DMT stroke study. The trial will study an intravenous sub-psychedelic dose of DMT in patients who have suffered an acute ischemic stroke. The decision to investigate DMT for stroke treatment was based on a 2020-published rat occlusion stroke study showing that DMT reduced infarct volume and led to almost full recovery of motor function. The company plans to conduct the study at multiple locations in Europe.

Portfolio Pulse from Vuk Zdinjak

August 08, 2023 | 3:00 pm

ACB

CGC

CRON

Florida Governor Ron DeSantis has signed a bill that expands medical marijuana advertising and manufacturing restrictions to prohibit any products or messages promoting recreational cannabis use. The law also imposes stricter eligibility requirements for industry workers. The new law could significantly impact the market, especially if an adult-use legalization measure is enacted by voters next year. The law also removes exemptions from employment background screenings for people with certain criminal records, and expands the background screening requirement to include all medical cannabis testing lab employees.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:32 pm

BTCUSD

ETHUSD

Binance, a leading cryptocurrency exchange, has become the first fully licensed crypto exchange in El Salvador. This move comes after El Salvador's recent adoption of Bitcoin as legal tender.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:20 pm

IXHL

Incannex Healthcare Ltd's subsidiary, Clarion Clinics Group Pty Ltd, has begun accepting registrations for psychedelic treatment interest ahead of its planned Q3 opening. The clinic, located in Melbourne, is designed for psychedelic-assisted therapy. The company is awaiting approval under the TGA’s Authorised Prescriber Scheme to prescribe psychedelic compounds.

Portfolio Pulse from Vuk Zdinjak

August 08, 2023 | 2:13 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) has reminded its shareholders to vote for the proposed amendments in its Form DEF 14A, filed with the SEC on July 21, 2023. The proposals are crucial for Crown's plan to maintain its listing on the Nasdaq Capital Market and fund its future operations and development.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:05 pm

BPTS

Biophytis shares are trading higher following a positive opinion for its SARA-31 phase 3 study in sarcopenia in Europe.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 2:04 pm

SPY

Federal Reserve's Barkin has stated that there are two competing outlooks for the economy. One scenario is where inflation will 'glide down' to 2%, and another where it remains persistent.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:56 pm