Streetbeat News

Regulatory

ATVI

MSFT

SONY

Xbox boss Phil Spencer reaffirmed Microsoft's commitment to keeping 'Call of Duty' available on PlayStation consoles, even after its potential acquisition of Activision Blizzard. Spencer's statement aligns with previous remarks and a private email from PlayStation boss Jim Ryan. Microsoft faces challenges in finalizing its merger with Activision Blizzard from the FTC and the UK's Competition and Markets Authority.

Portfolio Pulse from Franca Quarneti

June 26, 2023 | 7:43 pm

SPY

VGK

Russian President Putin praised Wagner Group soldiers and commanders for avoiding bloodshed and promised to keep his commitment to those who want to go to Belarus. This may impact ETFs like SPY and VGK.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 7:18 pm

SPY

VGK

Russian President Vladimir Putin stated that organizers of the rebellion will be brought to justice for betraying the nation.

Portfolio Pulse from Happy Mohamed

June 26, 2023 | 7:17 pm

SPY

VGK

Russian President Vladimir Putin is set to address the nation at 3:10 p.m. ET, according to BNO News. This may impact the stock market and ETFs such as SPY and VGK.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 7:10 pm

MRK

Merck & Co is accused of underplaying the mental health risks of its asthma and allergy drug, Singulair. Lawsuits allege that Merck knew the drug could significantly impact the brain and downplayed the potential for psychiatric problems. In 2020, the FDA mandated a 'black box' warning for Singulair.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 6:25 pm

TFX

Teleflex Incorporated and its subsidiary Arrow International are recalling the ARROW Endurance Extended Dwell Peripheral Catheter System due to reports of catheter separation or leakage. The FDA has classified this as a Class I recall, the most serious type of recall. Teleflex/Arrow International has received 83 complaints, 18 reported injuries, and no deaths.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 6:17 pm

XLE

Energy Select Sector SPDR Fund (XLE) shares are trading higher by 2.04% to $78.94 amid supply uncertainty following an attempted rebellion by the Wagner Group in Russia. This volatility in oil supply can create opportunities for traders and investors to capitalize on price swings, potentially benefiting XLE.

Portfolio Pulse from Henry Khederian

June 26, 2023 | 6:10 pm

ETHUSD

A total of 2,770.96 Ether (ETH) worth $5,127,045 was burned from Ethereum transactions on Sunday. This follows the implementation of the EIP-1159 upgrade on August 5th, which changed the fee model and introduced a variable base fee that is burned. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to 0.5-1% with Ethereum 2.0.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 6:00 pm

SPY

VGK

The U.S. State Department stated that the U.S. Ambassador informed Russia that the U.S. views mutiny as an internal Russian affair and will not be involved.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 5:54 pm

MSFT

SPY

The US House of Representatives is setting new rules for the use of AI chatbot ChatGPT by congressional offices, allowing only the paid ChatGPT Plus version due to its privacy features. The move comes as lawmakers work on legislation to regulate AI.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 4:55 pm