Streetbeat News

Regulatory

FXI

SPY

USO

The U.S. has imposed sanctions on a network in Iran, China, and Hong Kong in connection with Iran's ballistic missile program. This may affect the stock prices of ETFs such as FXI, SPY, and USO.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 2:31 pm

COIN

The SEC has filed lawsuits against Coinbase Global Inc (NASDAQ:COIN) and Binance, accusing them of violating securities rules and engaging in deceptive practices. Coinbase's shares dropped over 15% in early trading following the lawsuit. SEC Chair Gary Gensler emphasized the need for crypto platforms to comply with U.S. security laws.

Portfolio Pulse from AJ Fabino

June 06, 2023 | 2:27 pm

COIN

Coinbase CEO criticizes the SEC's enforcement-only approach, stating it hurts America's economic competitiveness and companies. Coinbase will continue to operate its business as usual.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 2:13 pm

MRK

Merck has claimed that the Inflation Reduction Act, which allows Medicare to negotiate drug prices starting in 2026, violates its First and Fifth Amendment rights, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:59 pm

COIN

The Alabama Securities Commission has issued a show cause order to crypto asset company Coinbase, requiring them to explain why they should not be penalized for allegedly violating securities laws.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:57 pm

TIO

Hindenburg Research has accused Tingo Group Inc (NASDAQ:TIO) of being an 'exceptionally obvious scam' with falsified financials and major inconsistencies in its operations. The report raises doubts about the CEO's credibility, business operations, and financial reporting, which could lead to regulatory scrutiny and legal challenges, impacting Tingo's stock performance.

Portfolio Pulse from Michael Cohen

June 06, 2023 | 1:47 pm

COIN

JPM

The SEC has accused Binance and Coinbase of acting as unregistered brokers, with Binance taking the biggest hit as $300M in crypto positions were liquidated in 24 hours. JPMorgan has clarified that CEO Jamie Dimon is not running for presidency.

Portfolio Pulse from Vandana Singh

June 06, 2023 | 1:44 pm

SPY

Former Fed Vice Chair Richard Clarida stated that the Federal Reserve will be doing less quantitative easing (QE) and that the bar for rate cuts is high.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:44 pm

GSK

The FDA has accepted GSK's supplemental marketing application for Jemperli (dostarlimab) in combination with chemotherapy for the treatment of adult patients with advanced or recurrent endometrial cancer. The FDA granted Priority Review and assigned a Prescription Drug User Fee Act action date of 23 September. Jemperli was also recently granted Breakthrough Therapy designation.

Portfolio Pulse from Vandana Singh

June 06, 2023 | 1:36 pm

OKYO

OKYO Pharma has announced that the randomized segment of its Phase 2 clinical trial for topical ocular OK-101, a treatment for dry eye disease, is now underway.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 1:31 pm