Streetbeat News

Regulatory

BTTX

The FDA has approved Better Therapeutics' AspyreRx, a prescription-only digital therapeutic treatment providing cognitive behavioral therapy to adult patients with type 2 diabetes. This has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:32 am

GOOGL

META

The Indian government is set to pass a law that lowers the age of consent for data sharing to 14 years, which could significantly impact the operations of Meta Platforms Inc (Facebook) and Google in India. The new draft law also changes from whitelisting to blacklisting countries where Indian citizens' data cannot be processed. The data of children can only be processed if it benefits the child, such as in healthcare or government schemes.

Portfolio Pulse from Arpit Nayak

July 11, 2023 | 5:58 am

ETHUSD

The Squid 2.0 Coin has become the most trending cryptocurrency on DEXTools, sparking concerns about its authenticity due to the scam history of its predecessor, Squid Game token. The new coin has a fully diluted market capitalization of over $21 million and has experienced a 45% surge in value and over $4.47 million in trading volume in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 4:53 am

NVO

The weight-loss drug Ozempic, popularized in the U.S. by celebrities, is being eyed with concern in the U.K. due to its off-label use and potential side effects. The surge in Ozempic’s popularity in the U.S. has led to shortages and raised concerns about its off-label use for weight loss. The U.S. FDA has stated that any use of Ozempic outside of diabetes treatment would be considered ‘off-label’ use, a situation that could potentially replicate in the U.K.

Portfolio Pulse from Benzinga Newsbot

July 11, 2023 | 2:49 am

FSR

HOOD

IOVA

RIOT

TSLA

U.S. stocks traded higher with the Nasdaq Composite, Dow, and S&P 500 all seeing gains. Fisker Inc (FSR) closed 17.17% higher after announcing a convertible notes offering. Robinhood Markets Inc (HOOD) closed 3.89% higher with unusual options activity. Tesla Inc (TSLA) closed 1.76% lower despite an upgraded price target. Riot Platforms Inc (RIOT) closed 8.91% higher with unusual options activity. Iovance Biotherapeutics Inc (IOVA) closed 21.41% higher after announcing positive regulatory and clinical updates.

Portfolio Pulse from Benzinga Newsbot

July 11, 2023 | 12:20 am

BTCUSD

COIN

Bitcoin (BTC) is trading higher, finding support around $30,000 and resistance just above $31,000. The crypto market surged last month following the launch of the EDX Markets exchange, backed by Charles Schwab, Fidelity, and Citadel Securities. Blackrock's initial application for the first spot Bitcoin ETF in the U.S. was turned down, but an amended application has been submitted. If approved, the Bitcoin ETF would allow investors to get exposure to Bitcoin without having to take custody of the asset.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 9:29 pm

BLK

BTCUSD

XRPUSD

Ex-SEC head Jay Clayton stated that approval of a Bitcoin ETF could be a 'hard to resist' prospect, acknowledging the significant strides made in the digital asset space. He noted that a well-defined regulatory framework could make the approval of an ETF more likely. Leading financial firms including BlackRock Inc and Fidelity have recently lodged their Bitcoin ETF applications.

Portfolio Pulse from Murtuza Merchant

July 10, 2023 | 9:22 pm

FORG

The Department of Justice (DoJ) is close to making a decision on whether to challenge the acquisition of ForgeRock (FORG) by private equity firm Thoma Bravo, according to Reuters.

Portfolio Pulse from Charles Gross

July 10, 2023 | 9:16 pm

MF

Missfresh has received a notice from Nasdaq regarding a deficiency in the market value of its publicly held shares. The company must comply with the minimum market value requirement within 180 days to avoid delisting.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 9:02 pm

MDU

MDU Resources Group, Inc. plans to separate its construction services business in a tax-advantaged manner. The company also anticipates additional project opportunities from the federal Infrastructure Investment and Jobs Act and the ongoing energy transition in the U.S.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 9:01 pm