Streetbeat News

Regulatory

EVLO

Evelo Biosciences has been granted U.S. Patent #11672834 for prebiotic compositions and methods of use for modulation of the microbiome. This patent strengthens the company's intellectual property portfolio.

Portfolio Pulse from Happy Mohamed

June 15, 2023 | 8:01 pm

LYV

Live Nation Entertainment's stock is trading higher following the White House announcement that the company will commit to implementing upfront all-in pricing in September.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 7:54 pm

GS

SIVBQ

The Federal Reserve and SEC are investigating Goldman Sachs's role in the final days of Silicon Valley Bank (SVB), with the Justice Department subpoenaing Goldman over the matter, according to sources.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 6:50 pm

SPY

USO

VGK

Adeyemo states that Russia's spending on reinsurance for tankers to ship its oil is diverting funds from investing in tanks and weapons for its war on Ukraine. The U.S. does not see widespread signs of evasion but knows Russia is seeking ways to evade the price cap.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 6:45 pm

SPY

USO

VGK

U.S Treasury's Adeyemo states that any change by Russia to taxes on oil sales will reduce the capacity of Russia's oil production over time. The Russian government's oil tax plan illustrates the difficult choices due to Western sanctions and export controls.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 6:44 pm

LUNAUSD

A Montenegro court has extended the incarceration of Terra founder Do Kwon and his associate Han Chang-Joon for six more months while considering an extradition request from South Korea. Kwon faces charges from South Korea and the U.S. related to defrauding investors in the $60-billion collapse of the Terra (CRYPTO: LUNA) blockchain ecosystem in May 2022.

Portfolio Pulse from Murtuza Merchant

June 15, 2023 | 6:44 pm

SPY

VGK

A senior U.S. Treasury official stated that there is no immediate proposal to change the $60 per barrel price cap on Russian oil.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 6:44 pm

SPY

Atlanta Fed President Raphael Bostic's money manager made 19 transactions during the blackout period before the May 2022 FOMC meeting. Bostic moved all assets out of the managed accounts in 2022.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 6:43 pm

PYPL

SQ

Four top Democratic senators have requested detailed fraud prevention measures from PayPal and Cash App, stating that their current strategies are not effective enough. The senators urged the companies to better protect users of their peer-to-peer payment applications from fraud.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 6:42 pm