Streetbeat News

Regulatory

VGK

The Euro Zone Marginal Lending Facility Rate has increased to 4.50% from the previous rate of 4.25%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:25 pm

VGK

The Eurozone interest rate for July has been set at 4.25%, matching estimates and showing an increase from the previous rate of 4%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:22 pm

VGK

The Euro Zone Deposit Facility Rate for July is reported at 3.75%, which is the same as the estimate but higher than the prior rate of 3.50%.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:20 pm

AAPL

COIN

FB

GOOGL

HON

MCD

Investor sentiment declines after the Fed raises interest rates by 0.25%. McDonald's, Meta Platforms, and three other stocks are highlighted as ones to watch. Ark Invest continues to sell shares of Warren Buffett-backed BYD and trims Coinbase holdings. Crypto regulations are closer than ever as the US House panel approves two bills. Apple's iPhone 15 Pro Max may have a $1,299 price tag. Google's early lead puts Alphabet ahead of Microsoft in the AI race. European automakers are forming partnerships in China to conquer the booming EV market. Honeywell is likely to report higher Q2 earnings.

Portfolio Pulse from Akanksha Bakshi

July 27, 2023 | 12:17 pm

BIOR

Biora Therapeutics, Inc. (NASDAQ:BIOR) announced positive results from its clinical device performance study for its NaviCap targeted oral delivery platform. The study evaluated the device function and safety, with the device accurately identifying entry into the colon and achieving distribution throughout the colon in all subjects. The company plans to proceed toward an IND application in the third quarter of this year for its BT-600 program for treatment of ulcerative colitis.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:13 pm

ELYS

Elys Game Technology has been granted a Class III Contractor license by the Three Affiliated Tribes Gaming Commission to provide sports betting services to the 4 Bears Casino & Lodge in North Dakota. The company's subsidiary, Elys Gameboard Technologies, will provide sports betting technology and bookmaking services, representing the company's plans to expand its Elys America brand and sportsbook products throughout the U.S. and Canada.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:13 pm

ROIV

Telavant, a Roivant company, has initiated a Phase 2 clinical trial of RVT-3101 for the treatment of moderate to severely active Crohn's disease. This follows Roivant's recent announcement of favorable results from a Phase 2b study of RVT-3101 in ulcerative colitis. The TAHOE study will evaluate the safety and efficacy of RVT-3101 in patients with Crohn's disease.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:11 pm

TSLA

Tesla Inc (NASDAQ:TSLA) plans to open a new showroom in Connecticut this fall, despite the state's ban on direct sales. The company will use a loophole that allows for direct sales on tribal land. The showroom will be located at The Shops at Mohegan Sun, on the sovereign tribal land of the Mohegan tribe. This move could be seen as a workaround of the Connecticut state law against direct sales.

Portfolio Pulse from Anan Ashraf

July 27, 2023 | 12:11 pm

AKTX

Akari Therapeutics (NASDAQ:AKTX) has been granted orphan drug designation by the European Commission for nomacopan, a treatment in hematopoietic stem cell transplantation. This follows a positive opinion from the European Medicines Agency in June. The company is currently conducting a Phase 3 study of nomacopan in pediatric HSCT-TMA and plans to begin a Phase 3 trial in adult HSCT-TMA in 2024. The orphan drug designation is in addition to the Rare Pediatric Disease, Orphan Drug, and Fast Track designations already granted by the U.S. FDA.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 12:08 pm

BTCUSD

DOGEUSD

During a Financial Services Committee hearing, U.S. Congressman Brad Sherman expressed skepticism about the innovation of cryptocurrency and made a mistake in referring to Bitcoin's creator. Dogecoin co-creator Billy Markus criticized Sherman's error and his position of power. Sherman, a known opponent of cryptocurrency, has consistently advocated for its ban and criticized the digital asset industry.

Portfolio Pulse from Mehab Qureshi

July 27, 2023 | 12:04 pm