Streetbeat News

Regulatory

NVS

Sandoz, a unit of Novartis, announced that the European Medicines Agency (EMA) has accepted the marketing authorization applications for proposed biosimilar denosumab for regulatory review.

Portfolio Pulse from Charles Gross

May 25, 2023 | 8:47 am

IMMP

Immutep Limited has announced the first patient has been enrolled and safely dosed in its Phase II/III AIPAC-003 trial for metastatic breast cancer at a European clinical site.

Portfolio Pulse from Charles Gross

May 25, 2023 | 8:42 am

BPTS

Biophytis presented positive results of its phase 2-3 COVA study with Sarconeos (BIO101) in severe COVID-19 patients at the American Thoracic Society International Conference. The company focuses on therapeutics that slow degenerative processes associated with aging, including severe respiratory failure in COVID-19 patients.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 7:34 am

BTCUSD

XRPUSD

Bitcoin proponent Max Keiser criticized XRP, calling it a 'shi*coin' based on El Salvador's legal position on crypto assets. The comment was in response to Ripple's CTO, David Schwartz, expressing concerns about the potential impact of the ongoing SEC vs. Ripple lawsuit on the US crypto industry.

Portfolio Pulse from Mehab Qureshi

May 25, 2023 | 5:59 am

GOOG

GOOGL

Former Alphabet CEO Eric Schmidt warned about the potential existential risks posed by artificial intelligence (AI) and emphasized the need for governments to address its responsible use and regulation. His remarks echo concerns expressed by Elon Musk, Sam Altman, Geoffrey Hinton, Sundar Pichai, and Warren Buffett.

Portfolio Pulse from Ananya Gairola

May 25, 2023 | 4:54 am

BTCUSD

DOGEUSD

Florida Governor Ron DeSantis warned that Bitcoin could die if Joe Biden is reelected, stating that the current regime has it out for the cryptocurrency. DeSantis expressed support for digital assets and pledged to oppose any legislation to ban them. He also criticized the idea of a central bank digital currency (CBDC).

Portfolio Pulse from Mehab Qureshi

May 25, 2023 | 3:29 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a drop in value as investor confidence was shaken by UK inflation concerns and the US debt ceiling deadlock. The global crypto market capitalization decreased by 3.42% to $1.10 trillion. Analyst Edward Moya predicts Bitcoin will remain range-bound, with the $25,000 level providing massive support.

Portfolio Pulse from Mehab Qureshi

May 25, 2023 | 2:42 am

QQQ

SPY

Fitch Ratings has placed the US AAA Long-Term Foreign-Currency Issuer Default Rating on Rating Watch Negative due to the ongoing debt ceiling standoff. The agency expects a resolution before the x-date but warns of increased risks of the government missing payments on its obligations.

Portfolio Pulse from Bhavik Nair

May 25, 2023 | 2:14 am

CCL

Carnival Cruise Lines (CCL) is enforcing cannabis restrictions on its ships by introducing drug detection dogs to curb marijuana consumption on board. The dogs are utilized during embarkation and periodically during cruises to identify passengers with cannabis, who are then removed from the ship at the next port.

Portfolio Pulse from Joana Scopel

May 25, 2023 | 12:41 am

NVDA

SPY

The debt limit crisis has led to speculation that the FED may be forced to cut interest rates this year, despite their previous statements against it. The FOMC Meeting Minutes revealed a difference of opinion among FED members regarding raising the FED Funds Rate. The market has been affected by the debt limit crisis and the FOMC Meeting Minutes, with SPY and NVDA mentioned.

Portfolio Pulse from Joe Benjamin

May 24, 2023 | 10:32 pm