Streetbeat News

Regulatory

JD

PDD

WB

XPEV

Chinese stocks are trading lower due to potential economic concerns, following recent rate cuts by China's central bank to stimulate economic recovery.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 5:03 pm

BTCUSD

ETHUSD

EWK

The Financial Services and Markets Authority (FSMA) has ordered Binance to immediately cease all offers of virtual currency services in Belgium.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:35 pm

CPMD

CSE:MMEN

CSE:RWB

CSE:TER

CSE:TGIF

CSE:TRUL

CSE:XBRA

YCBD

Delaware State Senate confirms Robert Coupe as the first cannabis commissioner for the state. Tauhid Chappell is appointed executive director of the Cannabis Training Academy. Trulieve Cannabis Corp. appoints Tim Mullany as CFO, while MedMen Enterprises Inc. announces the resignation of Ana Bowman as CFO. Xebra Brands Ltd., 1933 Industries Inc., Red White & Bloom Brands Inc., and TerrAscend Corp. announce new board appointments. CannaPharmaRx, Inc. names Dean Medwid as its new CEO. cbdMD appoints Dr. Lucille Vega as their new medical advisor.

Portfolio Pulse from Jelena Martinovic

June 23, 2023 | 4:13 pm

COIN

The U.S. Supreme Court ruled in favor of Coinbase Global Inc (NASDAQ: COIN) in a 5-4 decision, reinforcing companies' prerogative to direct customer and employee disputes into arbitration. This comes amid CEO Brian Armstrong's ongoing share liquidation and heightened regulatory scrutiny from the SEC.

Portfolio Pulse from AJ Fabino

June 23, 2023 | 4:07 pm

F

UAW President criticizes the Energy Department's $9.2 billion loan for Ford's joint venture battery plants, arguing it undermines the union's efforts to protect jobs.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:04 pm

BNTX

PFE

Pfizer and BioNTech have initiated an application to the European Medicines Agency (EMA) for their Omicron XBB.1.5-adapted monovalent COVID-19 vaccine for the 2023-2024 fall and winter season. The companies expect to ship the adapted vaccines to EU member states immediately following regulatory approval, with a US application expected in the coming days.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:59 pm

COIN

Coinbase shares are trading higher after the US Supreme Court ruled in favor of the company's bid to halt court proceedings and move customer litigation into arbitration.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 3:53 pm

SRPT

Sarepta Therapeutics shares are trading lower after the FDA approved ELEVIDYS, but stated that continued approval may be contingent upon verification and description of clinical benefit in confirmatory trials.

Portfolio Pulse from Bill Haddad

June 23, 2023 | 3:32 pm

DIA

IWM

QQQ

SPY

Major indexes are lower due to Fed Chair Powell's comments suggesting additional rate hikes this year, a selloff in the information technology sector, and a drop in manufacturing PMI.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 3:24 pm

AAPL

BILL

BZ

ROKU

The FDIC mistakenly released an unredacted document revealing Sequoia Capital had $1 billion deposited with Silicon Valley Bank (SVB) at the time of its collapse. Other major depositors included Kanzhun Ltd, Circle Internet Financial Ltd, BILL Holdings Inc, and ROKU. The FDIC's decision to cover all depositors at SVB and Signature Bank cost the deposit insurance fund about $15.8 billion.

Portfolio Pulse from AJ Fabino

June 23, 2023 | 3:18 pm