Streetbeat News

Regulatory

EWU

The U.K. Construction Purchasing Managers Index (PMI) for July was reported at 51.7, significantly higher than the estimated 48 and the prior figure of 48.9.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:52 pm

EWA

FXI

China has lifted its anti-dumping tariffs on Australian barley after three years, which is expected to ease supply concerns. This move could potentially impact the performance of certain ETFs such as EWA and FXI.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:51 pm

BTC-USD

Ilya “Dutch” Lichtenstein and his wife, Heather Rhiannon Morgan, have pleaded guilty to charges related to the 2016 Bitfinex cyberattack, which resulted in the theft of approximately $4.5 billion worth of Bitcoin. Lichtenstein admitted to being the original hacker and to laundering the stolen Bitcoin. The Department of Justice (DOJ) has seized over 94,000 Bitcoin, amounting to approximately $3.6 billion, the largest seizure in DOJ history. An additional $475 million connected to the hack has also been seized.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 2:51 pm

MESO

Mesoblast has received a complete response from the FDA for its Biologics License Application for steroid-refractory acute graft versus host disease in children. The FDA has requested additional information to complete the review of the application.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:51 pm

BTCUSD

DOGEUSD

Elon Musk's super app, X, formerly known as Twitter, is reportedly considering adding a trading hub for cryptocurrencies and other assets. The company has allegedly sent requests to financial-data providers for proposals on financial content and real-time stock data. However, Musk stated that no work is being done on this to his knowledge. Earlier this year, eToro announced plans to offer trading services to Twitter users through a partnership.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 2:50 pm

DKNG

The 2024 presidential election betting odds show Joe Biden as the favorite, with Robert Kennedy Jr and Vivek Ramaswamy surging up the list, while Ron DeSantis has dropped to fifth. DraftKings Inc (NASDAQ:DKNG), a sportsbook company, is mentioned as it offers betting for residents of Canada and hopes to someday offer political betting in the U.S. The company's CEO, Jason Robins, stated that they would work with regulators to get election betting approved for states that offer legalized betting.

Portfolio Pulse from Chris Katje

August 04, 2023 | 2:50 pm

NIO

TSLA

Chinese electric vehicle maker Nio Inc has obtained an internet access license for its inaugural smartphone, marking a significant step towards smartphone production. The smartphone, which supports 5G and dual-SIM card usage, is expected to be released in the third quarter. Meanwhile, Tesla's plans for an 'alternative phone' remain unclear.

Portfolio Pulse from Ramakrishnan M

August 04, 2023 | 2:47 pm

TCNNF

Florida's Attorney General Ashley Moody is attempting to prevent a constitutional amendment to legalize adult-use cannabis from appearing on the state's 2024 ballot. She has criticized Trulieve Cannabis Corp. (OTCQX: TCNNF), the primary financial supporter of the amendment, accusing the company of misleading voters about the federal illegality of cannabis. Trulieve has denied these allegations and argued that the amendment is clear and unambiguous.

Portfolio Pulse from Maureen Meehan

August 04, 2023 | 2:47 pm

COIN

Coinbase CEO has expressed confidence in winning the lawsuit with the SEC during a conference call.

Portfolio Pulse from Charles Gross

August 04, 2023 | 2:46 pm

AURC

The Securities and Exchange Commission (SEC) has concluded its investigation into Aurora Acquisition and Better Holdco, determining that no violations of federal securities laws occurred. The SEC does not intend to recommend any enforcement action against either company.

Portfolio Pulse from Charles Gross

August 04, 2023 | 2:43 pm