Streetbeat News

Regulatory

BLK

BTCUSD

COIN

BlackRock, the largest ETF issuer, is entering the Bitcoin market with a proposed iShares Bitcoin Trust, which could solidify cryptocurrency as an investment asset. The trust's shares will be listed on NASDAQ, and Coinbase Global Inc Custody Trust Company will be the custodian for the Trust's Bitcoin holdings.

Portfolio Pulse from Murtuza Merchant

June 16, 2023 | 7:29 pm

COIN

Bakkt has removed Solana (SOL), Polygon (MATIC), and Cardano (ADA) from its listings pending further clarity from the SEC. This follows the SEC's lawsuits against Binance and Coinbase, accusing them of providing unregistered securities. Bakkt continues to list eight cryptocurrencies, including Dogecoin, Litecoin, USD Coin, Shiba Inu, Bitcoin, and Ether.

Portfolio Pulse from Murtuza Merchant

June 16, 2023 | 7:13 pm

NIO

NIO Inc's stock is trading lower by 3.06% to $9.50 following Thursday's strength. The decline comes after China's central bank cut the borrowing cost of its medium-term policy loans, indicating concerns about the economy despite relaxed COVID measures.

Portfolio Pulse from Henry Khederian

June 16, 2023 | 7:06 pm

RCEL

AVITA Medical has received FDA approval for its RECELL System for the treatment of vitiligo, making it the first FDA-approved therapeutic device offering a one-time treatment at the point-of-care. The approval significantly expands the clinical applications for RECELL.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:48 pm

FRHC

Freedom Holding Corp. (FRHC) has received a non-compliance letter from Nasdaq for failing to timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2023. The company has 60 days to submit a plan to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:35 pm

ADBE

GOOG

GOOGL

MSFT

NWSA

NYT

OpenAI, Google, Microsoft, and Adobe are in talks with major media outlets, including News Corp, Axel Springer, New York Times, and The Guardian, to negotiate subscription deals for using news content to train AI technology. The deals aim to address copyright issues and establish a pricing model for using news content as training data for AI models.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 6:20 pm

MRK

Merck announced positive topline data from the Phase 3 KEYNOTE-811 trial of Keytruda plus trastuzumab and chemotherapy for HER2-positive advanced gastric or gastroesophageal junction adenocarcinoma. The study met one of its dual primary endpoints of progression-free survival (PFS). Merck is working with the FDA to update the current indication for Keytruda in HER2-positive gastric or GEJ adenocarcinoma to those patients whose tumors are PD-L1 positive.

Portfolio Pulse from Vandana Singh

June 16, 2023 | 5:50 pm

BBAI

MSFT

NVDA

SOUN

Senator Schumer announced plans to unveil an AI regulation framework on June 21st, which could impact companies involved in artificial intelligence.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:40 pm

FXI

SPY

The White House stated that President Biden did not have to be talked out of a call with China's Xi Jinping, emphasizing the importance of open lines of communication with China as Secretary of State Blinken visits Beijing.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:27 pm

SPY

VGK

The White House denounced nuclear rhetoric from Russia's Putin and reaffirmed its commitment to NATO's mutual defense pact. The U.S. has made no adjustments in posture in response to the nuclear rhetoric.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:26 pm