Streetbeat News

Regulatory

BLK

Former Barclays CEO Bob Diamond expressed his support for mainstream firms like BlackRock getting involved in the cryptocurrency market. BlackRock recently filed for a spot Bitcoin ETF, which, if approved, would make it the first company in the US to offer such an investment. Diamond called for stronger cooperation between the crypto industry and regulators.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 6:09 am

AMZN

The U.S. Federal Trade Commission (FTC) has accused Amazon of enrolling millions of consumers into its paid subscription service, Amazon Prime, without their consent and making it difficult for them to cancel. Amazon has refuted these claims, calling them false on the facts and the law.

Portfolio Pulse from Benzinga Newsbot

June 22, 2023 | 4:54 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin surpassed $30,000 following remarks from US Federal Reserve Chair Jerome Powell on its staying power. Ethereum and Dogecoin also rose. The rally was fueled by major financial institutions exploring the crypto space, including BlackRock's Bitcoin ETF application. Powell emphasized the importance of strong federal oversight for stablecoins.

Portfolio Pulse from Mehab Qureshi

June 22, 2023 | 2:52 am

IMRN

Immuron has approved proceeding with IMM-529 cGMP manufacturing and FDA pre-IND submission for the treatment of Clostridioides difficile infection (CDI), a life-threatening gastrointestinal disease.

Portfolio Pulse from Charles Gross

June 21, 2023 | 11:32 pm

TD

The Toronto-Dominion Bank (TD) has received regulatory approval from the TSX and OSFI to repurchase up to 30 million of its common shares for cancellation under a normal course issuer bid. The bid will commence on June 26, 2023, and end on June 25, 2024.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 11:26 pm

BTCUSD

PEPEUSD

Pepe Coin (CRYPTO: PEPE) surged 44% amid the institutional Bitcoin ETF frenzy and Bitcoin's (CRYPTO: BTC) price rally. The renewed enthusiasm surrounding the crypto market and major financial institutions embracing Bitcoin and applying for ETFs has injected optimism into the market.

Portfolio Pulse from Jose Rodrigo Safdiye

June 21, 2023 | 10:32 pm

ATVI

MSFT

The FTC has submitted a document emphasizing Microsoft's post-acquisition conduct involving ZeniMax and Bethesda as evidence against its intended acquisition of Activision Blizzard. The filing points to Microsoft's willingness to make games Xbox exclusive as a key argument against the $68.7 billion acquisition.

Portfolio Pulse from Franca Quarneti

June 21, 2023 | 9:28 pm

GRPN

Groupon has notified Nasdaq that it is not currently in compliance with Nasdaq Listing Rule 5605(c)(2)(A) but intends to regain compliance within the cure period provided by section (c)(4)(B) of the Listing Rule.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 9:12 pm

MF

Missfresh has received a minimum bid price notice from Nasdaq and has been given a compliance period of 180 days, until December 11, 2023, to regain compliance under the Nasdaq Listing Rules.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 9:04 pm

ALGS

Aligos Therapeutics presented data from its liver disease programs at the European Association for the Study of the Liver Congress 2023, showcasing the progress of its research and development efforts.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:33 pm