Streetbeat News

Regulatory

ZYNE

Zynerba Pharmaceuticals has received a Notice of Allowance for its U.S. patent application 17/895,008 titled 'Treatment of Fragile X Syndrome with Cannabidiol'. This patent strengthens the company's intellectual property position in the field of cannabinoid-based therapies.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 5:15 pm

BGXX

MMJ BioPharma Labs and Global Cannabis Holdings are partnering to import THC into the US, potentially reshaping the global medical cannabis supply chain. This collaboration aims to provide a consistent indoor, reproducible supply of THC, challenging the University of Mississippi's monopoly on THC active pharmaceutical ingredients for research. Bright Green Corporation (NASDAQ:BGXX) recently registered its federal license with the DEA for cannabis cultivation, manufacture, and sale for research and pharmaceutical applications.

Portfolio Pulse from Javier Hasse

May 30, 2023 | 5:14 pm

SPY

Richmond Fed President Barkin stated that he is looking for signs that demand is falling, which could impact the overall market sentiment.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 5:14 pm

SPY

Federal Reserve Bank of Richmond President Thomas Barkin stated that the Fed's policy is in restrictive territory, but there is uncertainty around where rates need to go.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 5:10 pm

SHY

The implied odds of a Federal Reserve rate increase in June have increased, with a 60% probability of a 25-basis-point hike to 5.25%-5.5%. The preliminary debt ceiling deal, higher-than-expected PCE inflation, and hawkish Fed statements contribute to this expectation. The Ishares 1-3 Year Treasury Bond ETF (NYSE:SHY) has lost nearly 1% over the past two weeks.

Portfolio Pulse from Piero Cingari

May 30, 2023 | 5:07 pm

SPY

The Federal Communications Commission (FCC) reports that over 8.3 million American homes and businesses lack access to high-speed broadband.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 4:29 pm

FTTUSD

The Justice Department plans to drop some criminal charges against FTX founder Sam Bankman-Fried if the Bahamas claims they violate the terms of his extradition to the U.S.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 4:16 pm

SPY

Rep. Chip Roy has threatened to challenge Kevin McCarthy's speakership if he supports the debt ceiling deal. The deal could impact the stock market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 4:15 pm

GOOGL

MSFT

Over 350 AI experts, including Sam Altman, CEO of OpenAI, and Kevin Scott, CTO of Microsoft, have signed a joint statement warning that AI technology's risk of extinction is on par with threats like pandemics and nuclear catastrophes. The statement calls for global prioritization of measures to mitigate the existential risk.

Portfolio Pulse from AJ Fabino

May 30, 2023 | 4:15 pm

SPY

GOP Rep. Chip Roy warns of a 'reckoning' over the debt limit deal, potentially causing uncertainty in the market.

Portfolio Pulse from Happy Mohamed

May 30, 2023 | 4:14 pm