Streetbeat News

Regulatory

ADCT

ADC Therapeutics has announced its plan to discontinue the Phase 2 LOTIS-9 clinical trial of ZYNLONTA and Rituximab in unfit or frail previously untreated DLBCL patients.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 8:06 pm

GILD

Health Canada has issued a Notice of Compliance for Gilead Sciences' Trodelvy for pre-treated HR+/HER2- metastatic breast cancer. This approval could potentially increase Gilead's market share in the cancer treatment sector.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 8:01 pm

DFS

Shares of Discover Financial Services (NYSE:DFS) sold off more than 15% due to ongoing discussions with regulators regarding credit card misclassifications. The company has set aside $365 million to compensate affected merchants. Despite the regulatory issues and share sell-off, Discover's high dividend payout makes it a candidate for investors seeking consistent dividend income. To earn $500 per month from Discover's dividends, an investment of about $260,869.57, or 2,546 shares, is needed.

Portfolio Pulse from AJ Fabino

July 20, 2023 | 7:59 pm

BTCUSD

ETHUSD

Kuwait's Capital Markets Authority (CMA) has issued a comprehensive ban on cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). The ban covers payments, investments, and mining of cryptocurrencies. The CMA also prohibited local regulators from granting licenses to firms offering virtual asset services. Securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are exempt from these prohibitions.

Portfolio Pulse from Murtuza Merchant

July 20, 2023 | 7:43 pm

BAK

Brazil's Audit Court is expected to put the sale of Braskem (BAK) on hold, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 7:17 pm

CGC

Oversupply issues have negatively impacted the cannabis market in Canada, with Canopy Growth (NASDAQ:CGC) losing billions due to oversupply and overspending. The same issue is occurring in the U.S., with large Multi-State Operators (MSOs) installing excess capacity in new state markets, leading to oversupply, declining margins, and tough decisions. Some larger firms have exited saturated state markets, while others have not staffed up their operations and let some sites remain idle.

Portfolio Pulse from Beau Whitney

July 20, 2023 | 7:02 pm

ATVI

MSFT

The Federal Trade Commission (FTC) has decided to pause the trial of Microsoft's merger, allowing for settlement talks, according to Bloomberg.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 6:27 pm

FXI

SPY

USO

The U.S. Senate has voted to block sales of U.S. oil reserves to China. This decision could potentially impact the global oil market and the related ETFs.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 6:21 pm

MSFT

SPY

Canada's top cybersecurity official warns that hackers and propagandists are using artificial intelligence (AI) to create malicious software, draft convincing phishing emails, and spread disinformation online. This indicates that the technological revolution in Silicon Valley is also being adopted by cybercriminals.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:55 pm

SPY

VGK

The White House's Kirby has announced that cluster munitions are now in Ukrainian hands and are being deployed in the field, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:49 pm