Streetbeat News

Regulatory

TSLA

Tesla shares are up as the Energy Department confirms all Model 3 variants qualify for a $7,500 EV tax credit, and the company plans to produce 375,000 Cybertrucks per year.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 4:25 pm

BNBUSD

COIN

ETHUSD

The crypto community has created a parody token called 'Good Gensler' (CRYPTO:GENSLR) in response to the SEC's crackdown on cryptocurrency giants like Binance (CRYPTO: BNB) and Coinbase Global Inc (NASDAQ:COIN). The token has a market cap of $3 million but is considered highly speculative and volatile.

Portfolio Pulse from Jose Rodrigo Safdiye

June 08, 2023 | 4:23 pm

ALPMF

ALPMY

Astellas Pharma has licensed gene therapy KT430 from Kate Therapeutics for X-linked myotubular myopathy (XLMTM), a rare muscle disorder. This follows safety issues with Astellas' AT132 gene therapy, which led to a clinical hold from the FDA. Kate Therapeutics has also raised $51 million in a Series A financing round.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 4:10 pm

GOOG

GOOGL

Google announced that it will introduce a new Ads Transparency Policy in July 2023, which will detail certain advertiser-related information that the company will make available to all users.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 4:05 pm

SPY

USO

Iran and the United States are nearing a temporary deal that would swap some sanctions relief for reducing Iranian uranium enrichment activities. Under the terms of the deal, Iran would cease its 60% uranium enrichment activities and cooperate with the IAEA, while being allowed to export up to a million barrels of oil per day and gain access to its frozen funds abroad.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 3:52 pm

DOGEUSD

The European Consumer Organization (ECO) has released a report criticizing social media platforms for allowing cryptocurrency advertisements to bypass regulations. The report highlights the inadequate awareness among consumers regarding the risks associated with cryptocurrencies on platforms like Facebook. It also calls out Elon Musk's association with Dogecoin (CRYPTO: DOGE) and the rise of 'finfluencers'.

Portfolio Pulse from Murtuza Merchant

June 08, 2023 | 3:46 pm

XOM

Guyana's Appellate Court has stayed an order requiring Exxon Mobil and its partners to provide an unlimited company guarantee for oil spills. The court now requires a $2 billion guarantee within 10 days, or the stay will be lifted.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 3:35 pm

USDCUSD

Circle Internet Financial, issuer of USD Coin (CRYPTO: USDC), has hired former CFTC Chair Heath Tarbert as its chief legal officer and head of corporate affairs. Tarbert's experience and connections are expected to help Circle navigate the challenging regulatory environment for cryptocurrencies in the United States.

Portfolio Pulse from Murtuza Merchant

June 08, 2023 | 3:33 pm

PDD

PDD Holdings Inc's shares are trading higher by 4.70% to $75.91, reversing Wednesday's weakness. The stock is benefiting from China's central bank reportedly telling major state-owned banks to decrease dollar deposit interest rates to support the yuan, following lackluster export data from China.

Portfolio Pulse from Henry Khederian

June 08, 2023 | 3:28 pm

BIIB

ESALY

Senator Bernie Sanders has urged the U.S. Department of Health and Human Services (HHS) to address the high cost of Eisai Co Ltd and Biogen Inc's Alzheimer's treatment Leqembi, calling its $26,500 annual price tag 'unconscionable'. Sanders suggested breaking the patent monopoly or restricting the amount paid by Medicare and Medicaid Services for the drug.

Portfolio Pulse from Vandana Singh

June 08, 2023 | 3:27 pm