Streetbeat News

Regulatory

GOOG

GOOGL

Alphabet Inc. CEO Sundar Pichai agrees with OpenAI CEO Sam Altman and Elon Musk on the need for AI regulation. Pichai emphasized the importance of policy frameworks and international cooperation between the U.S. and Europe to create robust regulations based on shared values.

Portfolio Pulse from Ananya Gairola

May 24, 2023 | 7:41 am

TSLA

Twitter opened its platform to cannabis advertising in March, but several months later, cannabis companies are struggling to benefit from the platform's vast reach due to strict rules and regulations. Twitter requires advertisers to be Twitter Blue or Verified Organization subscribers, which costs $1,000 a month, making it difficult for small cannabis businesses to afford.

Portfolio Pulse from Maureen Meehan

May 24, 2023 | 4:32 am

Ford Motor Co has decided to include AM radio in all 2024 Ford and Lincoln Motor models after speaking with policy leaders about the importance of AM broadcast radio as a part of the emergency alert system. Automakers have been excluding AM radio from their electric vehicles due to concerns about potential electromagnetic interference with the EV powertrain.

Portfolio Pulse from Aveek Bhowmik

May 24, 2023 | 4:07 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies are trading mixed as investors remain unsettled by ongoing regulatory concerns and macroeconomic uncertainties. Bitcoin and Ethereum experienced slight gains, while Dogecoin declined. Analysts foresee a potential 50% 'violent' surge for Bitcoin in the near future.

Portfolio Pulse from Mehab Qureshi

May 24, 2023 | 2:55 am

INTU

OCEA

PANW

TSLA

VFC

Tesla, Palo Alto Networks, Ocean Biomedical, Intuit, and VF Corp are drawing investor attention due to recent developments. Tesla faces concerns over its Autopilot system, Palo Alto Networks reported better-than-expected quarterly results, Ocean Biomedical announced a patent award for cancer immunotherapy, Intuit missed revenue estimates, and VF Corp reported a 3% decline in Q4 revenue.

Portfolio Pulse from Bhavik Nair

May 24, 2023 | 1:20 am

MNMD

PSIL

Terran Biosciences discovers new psilocybin compounds, MindMed's LSD study for anxiety treatment enrolls and doses 100 participants, and PharmAla receives Health Canada's approval for MDMA treatment. UK Parliament debates accelerating psychedelics research and psilocybin rescheduling.

Portfolio Pulse from Lara Goldstein

May 23, 2023 | 11:56 pm

GOOGL

MSFT

TSLA

Elon Musk expressed optimism towards Twitter's $44 billion acquisition and its potential for a comeback, emphasizing an overhaul in advertising relevancy. He also discussed the broader integration of the X app, combining messaging, finance, and other services. Musk addressed space travel, cryptocurrency, and the global AI race, giving the US the lead, followed by China and Europe.

Portfolio Pulse from AJ Fabino

May 23, 2023 | 9:31 pm

AZN

The FDA has approved a new treatment for pneumonia caused by certain difficult-to-treat bacteria. AstraZeneca's (AZN) new drug has the potential to address unmet medical needs.

Portfolio Pulse from Charles Gross

May 23, 2023 | 9:19 pm

SPY

US Republican debt negotiator Graves reports that substantial gaps remain in debt negotiations, including over the debt limit duration, but progress has been made on some issues.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:46 pm

SPY

Republican debt negotiator Graves reports no talks scheduled with the White House due to gaps in negotiations, potentially affecting the US debt ceiling and financial markets.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 8:42 pm