Streetbeat News

Regulatory

USDCUSD

Circle CEO Jeremy Allaire has expressed optimism about the growth of Web3 in Hong Kong and the city's efforts to regulate stablecoins. He believes that stablecoins could be a potential instrument for China to internationalize the yuan. However, he clarified that this does not imply an imminent acceptance of crypto trading in mainland China.

Portfolio Pulse from Murtuza Merchant

July 11, 2023 | 3:12 pm

SPY

VGK

NATO Secretary General Stoltenberg has announced that NATO has agreed to a faster track for Ukraine's membership, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:06 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher on heavy volume, with over 28 million shares traded, surpassing the 100-day average of 13.1 million shares. The increase in interest is due to potential political and legislative changes in the cannabis market. Senate Majority Leader Chuck Schumer stated that passing a marijuana banking bill is a goal of the upcoming summer work session. Canopy Growth is also an exhibitor at the Opal Group's Family Office & Private Wealth Management Forum 2023.

Portfolio Pulse from Erica Kollmann

July 11, 2023 | 3:05 pm

ATVI

MSFT

A U.S court has denied the Federal Trade Commission's (FTC) request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard. This decision allows Microsoft to proceed with the deal.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:02 pm

SIEN

Sientra's High-Strength Cohesive Silicone Gel Breast Implants have been launched in Canada, marking the first new silicone gel breast implant manufacturer to be approved by Health Canada in nearly 20 years. The implants are distributed by Clarion Medical Technologies and are backed by clinically proven data demonstrating a strong safety profile. Sientra's implants are exclusively available from board-certified plastic surgeons in Canada. The company's President and CEO, Ron Menezes, sees this as a significant milestone in Sientra's strategic international expansion.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 2:29 pm

PSFE

Paysafe and IC Markets are expanding their existing payments partnership into Latin America. The partnership, which began in 2018, will now offer IC Markets' traders in several Latin American countries access to Paysafe's diverse portfolio of payment options, including digital wallets and local payment methods. The expansion is driven by the region's growing population, rising smartphone adoption, and increasing digitization.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 2:11 pm

NVO

Novo Nordisk will launch its weight-loss drug Wegovy in Germany using a different injection pen to avoid impacting U.S. supplies. The company faced production issues and high demand after launching the drug in the U.S. in June 2021. The launch in Germany is expected to have limited impact due to a German law that bans public insurance schemes from paying for weight-loss drugs.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 2:11 pm

MODG

SPY

The Senate is holding a hearing on the merger between the PGA Tour and LIV Golf. The hearing will discuss the future of golf following this merger.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 2:10 pm

TAK

Takeda Pharmaceutical Company has voluntarily withdrawn its U.S. Biologics License Application for its dengue vaccine candidate, TAK-003. The company did not provide a reason for the withdrawal.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 2:05 pm

MRKR

Marker Therapeutics' stock is trading higher after the European Medicines Agency granted MT-401, a drug for the treatment of acute myeloid leukemia (AML), an Orphan Drug Designation. The company is committed to advancing MT-401 development and approval to address the significant unmet needs in AML treatment.

Portfolio Pulse from Henry Khederian

July 11, 2023 | 2:03 pm