Streetbeat News

Regulatory

TCNNF

The Florida Supreme Court has granted a two-week extension to Attorney General Ashley Moody to submit her brief opposing a proposed marijuana legalization initiative. The Smart & Safe Florida campaign, which seeks to legalize recreational marijuana, has gathered enough valid signatures to meet the qualification requirements for the 2024 ballot. Florida-based medical cannabis company Trulieve Cannabis Corp. has invested at least $30 million into the campaign.

Portfolio Pulse from Maureen Meehan

June 09, 2023 | 8:04 pm

AAPL

COIN

GM

META

TSLA

The S&P 500 reached new highs, fueled by the tech sector, with Apple announcing its Vision Pro headset and Tesla and General Motors collaborating on charging stations. Meanwhile, the crypto market faced regulatory challenges as the SEC filed lawsuits against Binance.US and Coinbase.

Portfolio Pulse from Natan Ponieman

June 09, 2023 | 8:00 pm

BTCUSD

The US Department of Justice (DOJ) has unsealed charges against two Russian nationals, Alexey Bilyuchenko and Aleksandr Verner, for their alleged involvement in the 2011 Mt. Gox cryptocurrency exchange hack and operation of the shadowy cryptocurrency exchange, BTC-e. They are accused of laundering 647,000 Bitcoin stolen from Mt. Gox.

Portfolio Pulse from Murtuza Merchant

June 09, 2023 | 7:53 pm

BIIB

ESALY

The FDA has voted 6-0 in favor of Eisai and Biogen's Leqembi, a potential Alzheimer's treatment. Full approval would trigger broad coverage of Leqembi.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 7:52 pm

QBTS

D-Wave Quantum has received a Notice of Allowance for its US patent application 16/996,355 titled 'SYSTEMS AND METHODS FOR TUNING CAPACITANCE IN QUANTUM DEVICES'.

Portfolio Pulse from Charles Gross

June 09, 2023 | 7:41 pm

COIN

Coinbase shares are trading lower after Moody's cut its outlook to Negative amid SEC charges.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 7:10 pm

SNOA

Sonoma Pharmaceuticals announced its next-generation solution for pulse lavage irrigation in the European Union. The new product aims to improve surgical outcomes and reduce complications.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 7:01 pm

UNAM

Unico American Corporation (UNAM) announced it received a notice of delisting from the Nasdaq after its principal subsidiary, Crusader Insurance Company, was placed in conservation.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 6:57 pm

USDCUSD

The U.S. House Financial Services Committee has unveiled a bipartisan draft bill addressing stablecoin regulations, aiming to provide clarity on the digital asset ecosystem. The bill outlines the roles and responsibilities of federal payment stablecoin regulators and covers various aspects, including issuance, supervision, and enforcement. The draft also proposes amendments to the Investment Advisers Act of 1940, stating that payment stablecoins are not securities.

Portfolio Pulse from Murtuza Merchant

June 09, 2023 | 6:31 pm

COPHF

MNMD

Creso Pharma (OTC:COPHF) signed a Letter of Intent (LOI) with Swiss pharmacy Apotheke Dr. Hysek AG for an exclusive partnership to import and distribute licensed MDMA and psilocybin products into Australia. The partnership follows Australia's new legal framework for psychedelic-assisted therapies, and Creso Pharma will provide import infrastructure through its subsidiary Health House International (HHI).

Portfolio Pulse from Lara Goldstein

June 09, 2023 | 6:27 pm