Streetbeat News

Regulatory

ADBE

GOOG

GOOGL

MSFT

OpenAI, Google, Microsoft, and Adobe have met with news executives in recent months to discuss copyright issues related to chatbots and image generators. The discussions aim to address concerns about the use of copyrighted content by AI technologies.

Portfolio Pulse from Charles Gross

June 16, 2023 | 8:56 am

RETA

The FDA has accepted Reata Pharmaceuticals' filing of the Prior Approval Supplement (PAS) to update the drug substance specification for Skyclarys (Omaveloxolone). The PAS is under expedited Priority Review with a target action date of mid-August 2023.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:44 am

BMY

The FDA has approved Bristol Myers Squibb's supplemental new drug application to add data from the Phase 3 VALOR-HCM study to the U.S. prescribing information for Camzyos (Mavacamten). This follows last year's FDA approval of Camzyos based on results from the Phase 3 EXPLORER-HCM trial.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:41 am

BTTX

Better Therapeutics (BTTX) will present a poster at the EASL Congress 2023 in Austria, showcasing findings from a feasibility study on non-alcohol related fatty liver disease.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 8:35 am

QQQ

SPY

Former Treasury Secretary Lawrence Summers found the Fed's rate hike pause confusing and driven by internal political dynamics. He believes there's no clear evidence of a slowdown in inflation. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) both rose on Thursday.

Portfolio Pulse from Bhavik Nair

June 16, 2023 | 3:21 am

TSLA

Tesla CEO Elon Musk met with Italy's Prime Minister Giorgia Meloni and Deputy Prime Minister Antonio Tajani to discuss artificial intelligence, European market rules, and birth rate. Musk is now heading to France to speak at the Viva Tech conference and meet with French President Emmanuel Macron.

Portfolio Pulse from Anan Ashraf

June 16, 2023 | 3:06 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies rose briefly after BlackRock's iShares unit filed with the SEC to launch a spot Bitcoin ETF. However, veteran trader Peter Brandt warns that Bitcoin may be on the verge of a significant downward move.

Portfolio Pulse from Mehab Qureshi

June 16, 2023 | 2:38 am

GOOG

GOOGL

RUM

Streaming platform Rumble (NASDAQ:RUM) plans to sue Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google over accusations of anti-competitive behavior favoring Google-owned YouTube. The conflict began after a high-profile live stream on Rumble was overshadowed by a YouTube video in Google search results.

Portfolio Pulse from Jose Rodrigo Safdiye

June 16, 2023 | 2:16 am

BNBUSD

Binance.US, the U.S. affiliate of crypto giant Binance, has reportedly laid off around 50 employees following recent regulatory charges and asset freeze requests by the SEC. The affected employees are primarily from the legal, compliance, and risk departments.

Portfolio Pulse from Murtuza Merchant

June 16, 2023 | 12:11 am