Streetbeat News

Regulatory

TSLA

Tesla filed five patent applications on Thursday, covering areas such as interactive air vent control, vehicle summoning, scalable matrix node engine, data synthesis for autonomous control systems, and permanent magnet motor technology.

Portfolio Pulse from Charles Gross

June 08, 2023 | 9:32 am

BTCUSD

CNBC's Jim Cramer criticized Binance and Coinbase amid SEC lawsuits against both platforms, comparing Binance to the tainted FTX exchange. Binance's Chief Strategy Officer, Patrick Hillmann, challenged Cramer to provide evidence for his claims.

Portfolio Pulse from Mehab Qureshi

June 08, 2023 | 9:31 am

BTCUSD

ETHUSD

As regulatory pressure on Binance and Coinbase increases, questions arise about Ethereum's classification as a security or commodity. Jack Dorsey, former Twitter CEO, and Roger Ver, early Bitcoin investor, have expressed opposing views on Ethereum's future.

Portfolio Pulse from Mehab Qureshi

June 08, 2023 | 9:23 am

TSLA

Tesla has updated its US website to display the starting prices of Model 3 and Model Y vehicles after federal tax credits, highlighting their affordability. The Model 3 now starts at $32,740 and Model Y at $39,990 after credits. All versions of the Tesla Model 3 are now eligible for a full tax credit.

Portfolio Pulse from Anan Ashraf

June 08, 2023 | 9:19 am

META

VGK

EU official Breton stated that Meta's voluntary child protection measures are not working and CEO Zuckerberg must take immediate action. Meta must comply with content rules by August 25 or face heavy sanctions.

Portfolio Pulse from Charles Gross

June 08, 2023 | 8:44 am

IPHA

SNY

The FDA has granted Fast Track designation to Innate Pharma and Sanofi's partnered SAR'579 / IPH6101 for the treatment of hematological malignancies. This accelerates the development and review process for the drug.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 8:25 am

DIS

Disney Star, a subsidiary of Walt Disney Co (NYSE:DIS), licensed the TV broadcasting rights for International Cricket Council Men's and U-19 global events to Zee for the 2024-27 cycle. However, progress has stalled due to a proposed merger between Zee and Sony and the lack of a bank guarantee from Zee.

Portfolio Pulse from Shomik Sen Bhattacharjee

June 08, 2023 | 6:49 am

COIN

Ark Investment Management CEO Cathie Wood believes that Coinbase (NASDAQ:COIN) will benefit from rival Binance's regulatory issues in the U.S. Both exchanges face regulatory crackdowns over allegedly peddling unregistered securities, with the SEC suing them this week. Despite this, Wood's ARK Investment Management bought over 419,000 shares of Coinbase at an estimated valuation of over $21.6 million.

Portfolio Pulse from Mehab Qureshi

June 08, 2023 | 6:34 am

BTCUSD

COIN

Mark Cuban criticized the SEC for its lack of support for companies seeking to comply with U.S. securities regulations, claiming that the SEC's main objective is to challenge companies rather than providing aid and guidance. Cuban's comments come amid the SEC's legal proceedings against Coinbase and Binance for alleged multiple infractions of securities regulations.

Portfolio Pulse from Mehab Qureshi

June 08, 2023 | 5:29 am

META

Elon Musk expressed concern over a report revealing that Instagram's recommendation system facilitates connections between pedophiles and content sellers. The platform, owned by Meta Platforms Inc., has over three times the number of accounts dedicated to selling child sex abuse material compared to Twitter. Twitter has a faster response in removing such accounts.

Portfolio Pulse from Ananya Gairola

June 08, 2023 | 5:10 am