Streetbeat News

Regulatory

AMZN

Amazon has postponed the launch of its virtual care services across all 50 states due to privacy concerns raised by Senators Peter Welch and Elizabeth Warren. The Senators expressed concerns about Amazon 'harvesting' health data from patients and requested more transparency about the company's data practices.

Portfolio Pulse from Benzinga Newsbot

June 25, 2023 | 12:40 pm

LLY

PFE

Pharmaceutical companies Novo Nordisk, Eli Lilly, and Pfizer are developing pill versions of injectable weight-loss drugs like Ozempic to appeal to needle-averse patients and potentially cost less. Novo Nordisk is leading the race with a tablet form of semaglutide, a key ingredient in Ozempic, and plans to seek approval from US and European regulators later this year.

Portfolio Pulse from Benzinga Newsbot

June 25, 2023 | 12:21 pm

BCHUSD

BTCUSD

ETHUSD

LTCUSD

This week in crypto saw Romanian prosecutors pursuing a Bitcoin seizure, Bitcoin and Ether crossing crucial levels, Jim Cramer clarifying his stance on cryptocurrencies, the launch of EDX Exchange, and US presidential candidates supporting Bitcoin. WisdomTree and BlackRock sought regulatory approval for a Bitcoin ETF.

Portfolio Pulse from Benzinga Newsbot

June 25, 2023 | 10:01 am

BTCUSD

Bloomberg's macro strategist Mike McGlone warns that incoming recessionary pressures could cause Bitcoin (CRYPTO: BTC) to retest the $20,000 level. He believes that liquidity continues to drain out of the markets, with many central banks outside of the U.S. increasing interest rates this month.

Portfolio Pulse from Bibhu Pattnaik

June 24, 2023 | 5:36 pm

RIVN

TSLA

Washington state now mandates that electric vehicle charging companies participating in the highway electrification program must incorporate both Tesla's charging standard NACS and the rival charging standard CCS. This follows Texas, which recently became the first state to enforce Tesla's charging standard. Ford, General Motors, and Rivian Automotive have all announced plans to adopt Tesla's charging standard.

Portfolio Pulse from Anan Ashraf

June 24, 2023 | 5:43 am

NVDA

VGK

Nvidia CEO Jensen Huang stated that the company is 'extremely likely' to invest in Europe, following a meeting with European Commissioner Thierry Breton. Breton suggested that Europe would be a great place for Nvidia to expand its operations.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2023 | 2:13 am

AAPL

Apple CEO Tim Cook met with Indian Prime Minister Narendra Modi at the White House, discussing investment opportunities and challenges in India. Apple has been expanding its presence in India, opening retail stores and planning to launch Apple Card in the country.

Portfolio Pulse from Benzinga Newsbot

June 24, 2023 | 1:50 am

ILMN

TWTR

FTC Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee, which has criticized her leadership and the FTC's privacy investigation into Twitter following its acquisition by Elon Musk. The committee has also questioned the FTC's approach to the merger of Illumina and Grail.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2023 | 1:34 am

ETHUSD

SAP

Software firm SAP is using Circle's USDC stablecoin to explore solutions for cross-border payment challenges faced by businesses. SAP is conducting tests on an Ethereum Test Network to address issues such as costs, transaction speed, and transparency.

Portfolio Pulse from Murtuza Merchant

June 23, 2023 | 8:33 pm

IMBI

iMedia Brands received a second Nasdaq non-compliance notice due to its failure to file Form 10-Q for the period ended April 29, 2023. The company has until July 3, 2023, to submit a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1).

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 8:03 pm