Streetbeat News

Regulatory

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

COIN

HOOD

MATICUSD

The SEC's crackdown on crypto exchanges like Coinbase and Binance has impacted various cryptocurrencies, leading some exchanges like Robinhood to delist certain tokens, including Polygon (MATIC). In response, the Polygon team emphasized the importance of MATIC for network security and its non-US focus. Social contributors related to MATIC are up over 50%, driving the price to $0.62, up 4% in the last 24 hours. TraderSZ predicts MATIC will hit $1.08 levels soon.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 3:57 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies exhibited mixed trading amid regulatory challenges and liquidity concerns. The SEC crackdown on crypto exchanges and labeling of major altcoins as securities caused market turbulence. However, Bitcoin and Ethereum showed resilience, while on-chain data analytics firm Santiment suggests Bitcoin's accumulating whales signal a bullish divergence.

Portfolio Pulse from Mehab Qureshi

June 12, 2023 | 2:35 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has fallen from its all-time highs, but a $100 investment today could be worth $1,324.50 if it returns to those levels. The coin gained popularity after being added to platforms like Coinbase, Kraken, and Robinhood, but faces increased pressure from the SEC.

Portfolio Pulse from Chris Katje

June 11, 2023 | 7:12 pm

AMZN

MO

Senator Elizabeth Warren expressed concerns about large corporations like Amazon and Altria dominating the cannabis industry and emphasized the need for legalization policies that prioritize small businesses and communities affected by the war on drugs.

Portfolio Pulse from Maureen Meehan

June 11, 2023 | 6:17 pm

TSLA

Tesla's Autopilot system has been involved in 736 accidents and 17 fatalities in the US since 2019, according to a Washington Post analysis of National Highway Traffic Safety Administration data. The recent data shows a significant increase in fatalities compared to a June 2022 report. The NHTSA is currently investigating Tesla Autopilot and its full-self driving features.

Portfolio Pulse from Shanthi Rexaline

June 11, 2023 | 5:46 pm

BAC

Soros Fund Management CEO Dawn Fitzpatrick warns of more bank failures, particularly among small banks, due to ongoing concerns in the troubled banking sector. She believes that banks must prepare for incoming regulatory measures, which she calls 'pretty punitive.' The Federal Reserve is expected to introduce regulations requiring banks to report unrealized losses on assets such as government bond holdings.

Portfolio Pulse from Bibhu Pattnaik

June 11, 2023 | 5:21 pm