Streetbeat News

Regulatory

COIN

Coinbase, a major cryptocurrency exchange, is currently experiencing system issues, according to a Reuters report. The issues could potentially affect trading and other operations.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 5:29 pm

SPRO

Spero Therapeutics has announced a Special Protocol Assessment with the FDA for the Phase 3 PIVOT-PO trial of tebipenem Hbr, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:51 pm

TTOO

T2 Biosystems has received an extension to comply with the Nasdaq listing requirements, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 4:51 pm

FXI

SPY

U.S. Commerce Secretary Gina Raimondo is planning a trip to China in August, according to Bloomberg. The details of the trip and its potential implications for U.S.-China relations are not yet clear.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:37 pm

MDVL

MedAvail Holdings, Inc. (NASDAQ:MDVL) has announced a 1-for-50 reverse stock split of its outstanding shares of common stock, effective from July 31, 2023. The move is part of the company's plan to regain compliance with the Minimum Bid Price Requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The reverse stock split will reduce the number of the company's outstanding common stock from approximately 81 million shares to approximately 1.6 million shares.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:31 pm

PSTX

Poseida Therapeutics has received FDA Orphan Drug Designation for its treatment of Ornithine Transcarbamylase Deficiency. This designation provides certain benefits including tax credits, market exclusivity for seven years, and exemption from certain FDA fees.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 4:31 pm

BNBUSD

Nigeria's Securities and Exchange Commission (SEC) has declared the operations of Binance, a leading cryptocurrency exchange, as illegal in the country. The regulator has warned the public about the risks associated with investing in crypto-assets and other products offered by entities not registered or regulated by the Commission. The SEC has directed all platform providers making such solicitations to immediately cease soliciting Nigerian investors.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 4:08 pm

PLUG

Shares of Plug Power, Inc. (NASDAQ:PLUG) are trading higher, with a 35% increase over the last month and a 7% increase in the current session. The company recently submitted a letter to the Biden Administration regarding the Section 45V Clean Hydrogen Production tax credit implementation. The stock has also attracted attention from retail investors and short sellers, with 21.34% of available shares currently being sold short.

Portfolio Pulse from Erica Kollmann

July 31, 2023 | 4:06 pm

SPY

Senators Bernie Sanders, Elizabeth Warren, Ed Markey, and Jeff Merkley have urged Attorney General Garland to sue the fossil fuel industry for misleading consumers. The senators believe the industry has been conducting a long-term campaign of misinformation.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 3:30 pm

ATNF

180 Life Sciences Corp. (NASDAQ:ATNF) has filed a provisional patent for a novel combination of CBD and GLP-1 agonists aimed at addressing obesity and weight management. The company hypothesizes that CBD and GLP-1 might stimulate a common therapeutic pathway, potentially offering a less expensive alternative with fewer side effects for weight reduction. The company is currently in negotiations for a research collaboration to test this theory.

Portfolio Pulse from Vuk Zdinjak

July 31, 2023 | 3:15 pm