Streetbeat News

Regulatory

COIN

Over 1,000 crypto projects are using artificial intelligence (AI) in some way, according to a report by Coinbase. The market capitalization of these projects is still low at 0.07% of the total across all tokens. Challenges include lack of standards, high costs, and unclear regulation. However, AI has the potential to improve security, make smart contracts more efficient, and create new decentralized applications.

Portfolio Pulse from Murtuza Merchant

June 07, 2023 | 2:23 pm

MSFT

Microsoft has agreed to pay a $20 million penalty to settle FTC charges for illegally collecting and retaining children's data on its Xbox console without parental consent. The proposed settlement requires Microsoft to update its account creation process for children and extend privacy protections to third-party gaming publishers.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 1:26 pm

CAPR

Capricor Therapeutics (NASDAQ:CAPR) announced an upcoming Type-B clinical meeting with the FDA in early Q3 2023 to discuss the proposed path towards submission of a potential Biologics License Application (BLA) for CAP-1002, a treatment for Duchenne muscular dystrophy (DMD). The company expects to complete enrollment for its Phase 3 HOPE-3 clinical trial by the second half of 2023 and report interim analysis in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 1:17 pm

MSFT

OpenAI CEO Sam Altman has called for the regulation of big players in the AI industry, while advocating for smaller startups to remain unregulated. He believes that regulating only the larger companies will help maintain a level playing field.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 1:16 pm

BRQS

Borqs Technologies (NASDAQ: BRQS) has received an extension from Nasdaq until October 24, 2023, to regain compliance with the minimum $1 bid price requirement. The company plans to achieve this by selling its solar subsidiary, Holu Hou Energy LLC (HHE), and possibly effecting a reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 1:04 pm

SGMT

Sagimet Biosciences will present interim data from the FASCINATE-2 Phase 2b clinical trial of denifanstat, a fatty acid synthase inhibitor for nonalcoholic steatohepatitis (NASH), at the EASL Congress in Vienna, Austria on June 23, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 1:04 pm

GE

The US government has approved General Electric's (NYSE:GE) transfer of jet engine manufacturing technology to India. GE will collaborate with Hindustan Aeronautics Limited (HAL) to co-produce jet engines for India's fighter jet program. The final agreement is expected to be signed during Indian Prime Minister Narendra Modi's visit to the US.

Portfolio Pulse from Arpit Nayak

June 07, 2023 | 12:55 pm

COIN

Coinbase CEO Brian Armstrong stated in an interview with CNBC that the businesses and lawsuits of Coinbase and Binance are significantly different, emphasizing the regulatory compliance of Coinbase.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:55 pm

HLTH

Cue Health Inc (NASDAQ:HLTH) has become the first company to receive FDA De Novo authorization for its Cue COVID-19 Molecular Test, designed for home and point-of-care use. The test has a 98% accuracy rate and delivers results in 20 minutes. The company has also submitted a De Novo for its Cue RSV Molecular Test for at-home and point-of-care use.

Portfolio Pulse from Vandana Singh

June 07, 2023 | 12:54 pm

COIN

Coinbase CEO Brian Armstrong expressed concerns over receiving conflicting information from regulators, causing uncertainty for the company and the cryptocurrency industry.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:52 pm