Streetbeat News

Regulatory

WEAT

Shares of Teucrium Wheat Fund ETV (WEAT) spiked after the Russian Defense Ministry announced it will consider all ships traveling to Ukrainian ports on the Black Sea as potential carriers of military cargoes from 20 July. This could potentially disrupt wheat exports from the region, impacting global wheat prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 3:15 pm

VGK

The Russian Defense Ministry has announced that it will consider all ships traveling to Ukrainian ports on the Black Sea as potential carriers of military cargoes from 20 July. It also declared some areas of the Black Sea as temporarily dangerous for navigation.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 3:11 pm

ATVI

MSFT

Activision CEO Bobby Kotick stated in a CNBC interview that he expects a reasonable resolution from the UK Competition and Markets Authority (CMA) regarding Microsoft's acquisition of Activision. He also mentioned that 98% of Activision's shareholders voted in favor of the transaction.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:50 pm

BEKE

FUTU

GDS

NIO

XPEV

Chinese stocks are trading higher following the issuance of guidelines by China's state council aimed at promoting the private economy. Stocks mentioned include BEKE, BZ, FUTU, GDS, IQ, NIO, XPEV.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:49 pm

TENX

Tenax Therapeutics has received a new US patent for oral levosimendan (TNX-103) for pulmonary hypertension with heart failure with preserved ejection fraction, which will expire in 2040. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:19 pm

AAPL

AMZN

CVNA

JNJ

MSFT

Microsoft and Activision Blizzard have extended their $69 billion takeover deal to October 18, with increased termination fees. Microsoft also announced Bing Chat Enterprise and Microsoft 365 Copilot pricing. Goldman Sachs' Q2 profits fell 60% due to tepid M&A activity. Carvana reported a Q2 sales decline of 23.6% but beat consensus estimates. General Motors anticipates increased EV production in H2. Johnson & Johnson has joined a legal battle against the US government over drug pricing negotiation. Spain has penalized Amazon and Apple for conspiring to limit competition in device sales.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 2:10 pm

MBIO

MindBio Therapeutics Corp. has begun pre-screening participants for its phase 2 LSD-microdosing clinical trials. The trials will assess the treatment's effectiveness in patients with major depressive disorder over an 8-week period. Previous trials have shown positive results, including improved sleep quality and significant enhancements in feelings of wellness, creativity, happiness, social connectivity, and energy.

Portfolio Pulse from Vuk Zdinjak

July 19, 2023 | 2:07 pm

BLK

IVZ

NDAQ

The U.S. Securities and Exchange Commission (SEC) has accepted applications for spot bitcoin exchange-traded funds (ETFs) from six firms including BlackRock, Bitwise, VanEck, WisdomTree, Fidelity, and Invesco. The SEC has previously rejected similar applications due to concerns over anti-fraud and investor protection standards. Nasdaq, where BlackRock proposed to list its ETF, plans to address these concerns by working with Coinbase to police trading in the underlying bitcoin market.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:06 pm

ATVI

MSFT

Activision Blizzard and Microsoft have received regulatory approvals in 40 countries for their merger deal. The companies are confident that the UK's Competition and Markets Authority (CMA) will also approve the deal. The boards of both companies have decided not to terminate the deal until after October 18.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:51 pm

CRLBF

DBCCF

GLASF

HITI

ITHUF

MMNFF

SMG

UNRV

The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm