Streetbeat News

Regulatory

BTCUSD

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, claims that Sen. Elizabeth Warren and SEC Chair Gary Gensler's efforts to undermine the cryptocurrency industry could lead to lost votes for the Democratic party in the next election cycle. He argues that their war on crypto will alienate Millennials and GenZ, who have embraced the technology.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 10:00 am

KRE

Former Federal Reserve board member Kevin Warsh warns of a potential slowdown and stagnation in the US banking system, requiring government support. He criticizes past regulatory policies and calls for immediate action to reduce risks, including promoting private recapitalization and allowing consolidation among banks.

Portfolio Pulse from Shanthi Rexaline

June 12, 2023 | 9:44 am

INDA

UBER

India's top court halted a lower court ruling that allowed Uber and other companies to continue operating bike taxis in Delhi.

Portfolio Pulse from Charles Gross

June 12, 2023 | 9:44 am

CS

UBS

The Monetary Authority of Singapore (MAS) announced that the operations of UBS Group AG (UBS) and Credit Suisse Group AG (CS) in Singapore will not be affected by the legal completion of the takeover. Both banks will continue to operate under separate licenses, focusing on private banking and investment banking.

Portfolio Pulse from Charles Gross

June 12, 2023 | 9:42 am

AVGO

VGK

VMW

EU antitrust regulators are set to approve Broadcom's acquisition of VMWare, conditional on Broadcom's interoperability remedies to address competition concerns, according to Reuters sources.

Portfolio Pulse from Charles Gross

June 12, 2023 | 9:10 am

GOOG

GOOGL

MSFT

Elon Musk recently took a jab at OpenAI on Twitter, discussing AI regulations. The conversation was prompted by a user's skepticism about OpenAI's stance on AI regulations, considering the company's chatGPT has started an AI race among big tech companies like Alphabet and Microsoft.

Portfolio Pulse from Ananya Gairola

June 12, 2023 | 9:04 am

KURA

Kura Oncology announced updated clinical data from the KOMET-001 Phase 1/2 trial of Ziftomenib, showing significant clinical activity in patients with heavily pretreated and co-mutated relapsed/refractory NPM1-mutant acute myeloid leukemia.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:36 am

AZN

AZNCF

The FDA has granted priority review to AstraZeneca's Capivasertib plus Faslodex for hormone receptor-positive, human epidermal growth factor receptor 2-negative locally advanced/metastatic breast cancer. The regulatory decision is expected in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 8:29 am

COIN

Coinbase CEO Brian Armstrong clarified that the company's venture investments do not influence token listings on its platform, and most investments have been in startups rather than specific tokens. This comes after the SEC filed a lawsuit against Coinbase for operating as a securities exchange, broker-dealership, and clearing house without registering.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 6:47 am

BTCUSD

ETHUSD

North Korean hackers have reportedly stolen billions of dollars in cryptocurrency to fund its missile program, with Sky Mavis, the company behind blockchain-based game Axie Infinity, being a notable target. The US Treasury Department identified the hackers as the Lazarus Group from North Korea.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 5:23 am