Streetbeat News

Regulatory

UTRS

Minerva Surgical has received a notice of allowance for its US patent application 17/569,850 titled 'Tissue Extraction Devices And Methods'.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 7:58 pm

AMZN

GOOG

JPM

MSFT

WFC

The S&P 500 and other major indexes closed the week higher due to positive inflation data and strong earnings reports from major banks. Alphabet, Amazon, and Microsoft led the market optimism. Alphabet's shares climbed after the launch of its AI search engine assistant Bard in Europe and Brazil. Amazon's stock surged after its 'Prime Day' event registered a 13% jump from last year. Microsoft's shares rose after a federal judge ruled in favor of the company in a lawsuit filed by the FTC. Wells Fargo and JP Morgan Chase shares rose after beating consensus estimates in their earnings reports. Citigroup's shares dropped after announcing a 36% drop in net income for the second quarter.

Portfolio Pulse from Natan Ponieman

July 14, 2023 | 7:50 pm

DFS

NNI

SOFI

President Joe Biden's administration will erase $39 billion of student debt for over 800,000 Americans, despite the Supreme Court's decision to strike down widespread student debt relief plans. The administration will work around the court's decision by updating a technical requirement under a long-existing program. Student loan interest is set to resume in September, while payments will restart in October. Several publicly traded loan servicers, including Sofi Technologies Inc (NASDAQ:SOFI), Nelnet Inc (NASDAQ:NNI) and Discover Financial Services (NYSE:DFS), have been impacted by the Supreme Court's decision.

Portfolio Pulse from Aaron Bry

July 14, 2023 | 7:09 pm

BLK

BRPHF

BTCUSD

The U.S. Securities and Exchange Commission (SEC) has recognized the spot Bitcoin ETF applications from several major firms, including Fidelity, VanEck, WisdomTree, Invesco, and BlackRock Inc. This does not imply imminent approval or rejection, but signifies progress in the application process. Other companies such as ARK Investment and BitWise, as well as Galaxy Digital, have also received acknowledgment from the SEC. This comes as the SEC might be on the verge of approving the first spot Bitcoin ETF in the U.S.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 7:05 pm

ACB

CRON

GRWG

SNDL

TLRY

Cannabis stocks are trading lower due to reported roadblocks over the SAFE Banking Act. This includes Aurora Cannabis (ACB), Cronos Group (CRON), GrowGeneration Corp (GRWG), Sundial Growers (SNDL), and Tilray (TLRY).

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:43 pm

BNBUSD

BTCUSD

Binance, a major cryptocurrency exchange, has reportedly laid off over 1,000 employees globally due to regulatory challenges, particularly in the U.S. and Europe. The layoffs could result in Binance losing more than a third of its staff. This comes amid a series of regulatory actions against the company by U.S. authorities, including a lawsuit by the SEC and an ongoing investigation by the Justice Department. Binance.US, a separate exchange in the U.S., has also been facing challenges after the SEC lawsuit.

Portfolio Pulse from Piero Cingari

July 14, 2023 | 6:42 pm

PFE

A study conducted by researchers at the University of Rochester and Harvard University revealed that Pfizer's COVID-19 pill, Paxlovid, was underutilized in nursing homes, despite its proven efficacy. The study found that only about 25% of nursing home residents with COVID-19 were prescribed any antiviral medication from May 2021 to December 2022. The underuse of Paxlovid likely led to a significant amount of avoidable mortality, according to Harvard professor Michael Barnett.

Portfolio Pulse from Vandana Singh

July 14, 2023 | 6:40 pm

CAN

CLSK

MIGI

SDIG

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:25 pm

ARBK

BTOG

CIFR

EBON

HIVE

MARA

RIOT

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:24 pm

ATVI

MSFT

NTDOY

Microsoft Corp. (NASDAQ:MSFT) has released a filing stating that Activision Blizzard Inc's (NASDAQ:ATVI) decision to remove Call of Duty from Steam was a failure. The move was an attempt to grow Activision's Battle.net platform, but it did not result in an increase in active users. Microsoft used this information in its legal dispute with the Federal Trade Commission (FTC), which is trying to block Microsoft's $69 billion acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

July 14, 2023 | 6:22 pm