Streetbeat News

Regulatory

TSLA

Tesla has been granted U.S. Patent #11692278 for a coating system and method for e-coating and degasification of e-coat fluid during e-coat. This could potentially enhance the manufacturing process of Tesla's electric vehicles.

Portfolio Pulse from Charles Gross

July 04, 2023 | 10:54 pm

META

SNAP

The U.S. Department of Justice (DOJ) is reviewing a court's injunction that restricts Biden officials from contacting social media firms. The DOJ will evaluate its options after the judge restricted such contact, according to a White House official.

Portfolio Pulse from Charles Gross

July 04, 2023 | 7:24 pm

ASML

EWN

FXI

SPY

DigiTimes reports that ASML may offer a special-version DUV lithography that prevents its Chinese customers from transitioning to sub-28nm process manufacturing, according to China sources.

Portfolio Pulse from Charles Gross

July 04, 2023 | 7:19 pm

ETHUSD

On Monday, 4,297.92 Ether (ETH) worth $8,395,220 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -4.30%.

Portfolio Pulse from Benzinga Insights

July 04, 2023 | 6:00 pm

AMZN

BABA

MSFT

NVDA

The US is planning to restrict Chinese companies from accessing US cloud-computing services from Amazon and Microsoft. The new rule would require US cloud-service providers to obtain government permission before offering services that use advanced AI chips to customers in China. This move is seen as an effort to close a loophole that may have allowed Chinese AI companies to evade export control regulations by using cloud services. The ban is the latest in a series of reciprocal measures taken by the US and China concerning semiconductors and other advanced technologies.

Portfolio Pulse from Bibhu Pattnaik

July 04, 2023 | 3:08 pm

BETRF

CYBN

DMTTF

DSNKY

ENVB

FTHWF

HUGE

LOBEF

MNMD

MSSTF

PHRRF

PSIL

REUN

SEMR

SILO

The Multidisciplinary Association for Psychedelic Studies (MAPS) sponsored a Psychedelic Science conference in Denver, attracting over 12,000 attendees. New York Mets owner Steve Cohen announced a $5 million grant for MAPS’ ongoing clinical studies toward FDA approval of MDMA-assisted therapy for PTSD. Toms Shoes founder Blake Mycoskie pledged to donate and invest $100 million in organizations and projects advancing psychedelic-assisted therapies. SEMRush (NYSE:SEMR) analysis revealed a shift in America's consciousness towards psychedelics and cannabis. Several companies received regulatory approvals and patents, and announced partnerships and financial results.

Portfolio Pulse from Lara Goldstein

July 04, 2023 | 2:21 pm

DIS

Walt Disney Co. (NYSE:DIS) is in a legal battle with Florida Governor Ron DeSantis, who has accused the company of promoting 'sexualization of children'. The dispute began after Disney voiced its opposition to a Florida law limiting instruction on gender identity and sexual orientation for young children. Disney filed a lawsuit against DeSantis in April 2023. Legal experts suggest that Disney may have limited options and may have to endure being a 'whipping boy' with 'almost no recourse'.

Portfolio Pulse from Shanthi Rexaline

July 04, 2023 | 3:51 am

AAPL

GOOG

GOOGL

META

Meta Platforms Inc. (NASDAQ:META) is set to launch its Twitter-alternative 'Threads' on July 6. The app made its debut on Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Play Store and Apple Inc.'s (NASDAQ:AAPL) iOS App Store. However, the launch has been criticized by Jack Dorsey and Elon Musk over concerns about user privacy and data collection.

Portfolio Pulse from Ananya Gairola

July 04, 2023 | 2:15 am

DWAC

Digital World Acquisition (NASDAQ:DWAC), the primary financial collaborator of former President Donald Trump’s media company, has proposed an $18 million settlement to the Securities and Exchange Commission (SEC) to resolve an investigation into its initial merger discussions. The settlement, still pending SEC approval, could expedite the long-delayed merger between Digital World and Trump Media & Technology Group.

Portfolio Pulse from Benzinga Newsbot

July 04, 2023 | 1:37 am

CMND

NFLX

PSIL

SILO

A bipartisan bill has created a $75 million research grant program for the potential treatment of mental health conditions in active duty military members. The Multidisciplinary Association for Psychedelic Studies (MAPS) announced its final agenda for its upcoming event, which will include information on two recently-identified lead compounds. Psychedelics were featured on Anderson Cooper’s CNN show. Several companies, including Silo Pharma, Clearmind, and SciSparc, are developing treatments using psychedelics. The AdvisorShares Psychedelics ETF (PSIL) showed an uptrend.

Portfolio Pulse from Lara Goldstein

July 03, 2023 | 9:01 pm