Streetbeat News

Regulatory

BLTE

Belite Bio, Inc (NASDAQ:BLTE) has received approval from the Human Research Ethics Committee (HREC) to initiate the Phase 3 clinical trial of Tinlarebant for Geographic Atrophy in Australia. Tinlarebant is intended to slow disease progression in patients with Stargardt Disease and Geographic Atrophy in advanced Dry Age-related Macular Degeneration. The drug has been granted Fast Track Designation and Rare Pediatric Disease Designation in the U.S., and Orphan Drug Designation in both the U.S. and Europe.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:16 pm

AAPL

HPQ

SSNLF

Major tech companies Apple Inc, Samsung Electronics Co, and HP Inc have halted new imports of laptops and tablets to India due to a sudden imposition of licensing requirements. The ban disrupts the industry and may lead to delayed product launches or shortages. This move is part of India's efforts to reduce import dependence and foster a tech manufacturing industry. The companies are now seeking to quickly obtain licenses.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 3:14 pm

BTCUSD

President Joe Biden has inadvertently become a brand ambassador for Bitcoin (CRYPTO: BTC) due to a video promoting his reelection campaign. The video features Biden drinking coffee from a mug with a design that is a popular symbol among Bitcoin enthusiasts. The 'Dark Brandon' meme, which includes red 'laser eyes', is often used by Bitcoin supporters on their online profiles. The video has drawn attention from the crypto community, despite the Biden Administration being perceived as anti-cryptocurrency.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 3:10 pm

MESO

Shares of Mesoblast Limited resumed trading and fell by 66% following the announcement of a Complete Response Letter from the FDA. The letter indicates that the FDA requires more information before it can approve the company's product.

Portfolio Pulse from Charles Gross

August 04, 2023 | 3:07 pm

ACIU

AC Immune has received FDA Fast Track designation for its ACI-24.060 anti-amyloid-beta (Abeta) active immunotherapy for the treatment of Alzheimer's disease.

Portfolio Pulse from Charles Gross

August 04, 2023 | 3:05 pm

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