Streetbeat News

Regulatory

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

LUNAUSD

Terraform Labs has appointed Chris Amani as interim CEO amid ongoing legal troubles of its co-founder, Do Kwon. Amani plans to create applications with 'real utility' and maintain normal operations despite recent setbacks. Kwon, facing fraud allegations related to the downfall of TerraUSD and Luna cryptocurrencies, remains the majority shareholder of Terraform Labs, owning 92% of the company's shares.

Portfolio Pulse from Murtuza Merchant

July 19, 2023 | 1:16 pm

BTCUSD

ETHUSD

NDAQ

Nasdaq (NDAQ) has halted its plans for a crypto custody service due to regulatory conditions in the U.S. The service was planned to go live in Q2 this year. The firm had applied to the New York Department of Financial Services for a limited-purpose trust company to oversee the custody business. This move is seen as a setback for institutional adoption of crypto in the U.S.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:15 pm

LUCD

PAVM

Dr. Lishan Aklog, CEO of PAVmed Inc. (NASDAQ:PAVM) and Lucid Diagnostics Inc. (NASDAQ:LUCD), testified at the U.S. House of Representatives Energy and Commerce Committee, advocating for stronger transparency and predictability in federal proposals to improve access to innovative technologies. He highlighted the potential of Lucid's EsoGuard Esophageal DNA Test in early detection of esophageal cancer.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:14 pm