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Crypto trading platform Hotbit announced it will cease operations on May 22 due to worsening business environment, declining cash flow, and cybersecurity breaches. The fall of FTX (CRYPTO: FTT) and the USD Coin (CRYPTO: USDC) de-pegging event were cited as key factors.

Portfolio Pulse from Murtuza Merchant

May 22, 2023 | 5:40 pm

SPY

House Speaker McCarthy announced that they will continue working, according to a Bloomberg reporter.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 5:35 pm

AVTE

Aerovate Therapeutics presents nonclinical pharmacokinetic data supporting AV-101, a novel dry powder inhaled formulation of imatinib, at the American Thoracic Society 2023 International Conference. The data shows increased lung exposure compared to oral or IV dosing, suggesting potential for improved therapeutic profile in treating pulmonary arterial hypertension. Aerovate is currently recruiting for the IMPAHCT Phase 2b/Phase 3 trial.

Portfolio Pulse from Happy Mohamed

May 22, 2023 | 5:29 pm

SPY

House Rep. Speaker McCarthy reported that negotiators had a productive meeting this morning, and they will continue working towards a deal.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 5:25 pm

SPY

House Speaker Kevin McCarthy stated that there is no deal yet on the debt ceiling and decisions need to be made, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 5:15 pm

SPY

St. Louis Fed President Bullard expects two more rate hikes this year to tame inflation, stating that the labor market is slowing but not indicating a recession.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 5:12 pm

RUM

TikTok confirmed that its app source code is written by Chinese engineers, raising concerns over potential 'back door' access to Americans' data by the Chinese Communist Party. House Homeland Security Committee Chairman Mark Green expressed concerns about the security of users' data.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:54 pm

KRBP

Kiromic BioPharma has submitted an SEC filing for its Diamond Artificial Intelligence Platform, which aims to discover and develop cell therapies for lung cancer.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:49 pm

SPY

No further debt ceiling talks are planned before President Biden's meeting with House Speaker McCarthy later on Monday, according to two Republican lawmakers cited by CNN.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 4:40 pm