Streetbeat News

Regulatory

BTCUSD

The U.S. Justice Department, in collaboration with international law enforcement, has seized websites of illegal cryptocurrency exchanges linked to Russian money laundering networks. This includes the indictment of Sergey Ivanov, who ran platforms like UAPS and PM2BTC, which were involved in laundering funds from criminal activities. The crackdown highlights the increasing vigilance of U.S. authorities against cryptocurrency-related crimes.

Portfolio Pulse from Aniket Verma

September 27, 2024 | 6:11 am

BAC

JPM

SPY

TSLA

Elon Musk's prediction of a market crash similar to 1929 has not materialized, as the S&P 500 has surged nearly 50% since his tweet. Despite initial turmoil from bank failures, the market has shown resilience.

Portfolio Pulse from Kaustubh Bagalkote

September 27, 2024 | 5:20 am

MSFT

Microsoft is investing $2.7 billion in Brazil to develop the AI ecosystem, marking its largest commitment in the country. This move contrasts with Elon Musk's companies facing legal challenges in Brazil.

Portfolio Pulse from Ananya Gairola

September 27, 2024 | 3:04 am

BA

UAL

Boeing 737 Max jets face new safety concerns due to potential jamming of steering pedals caused by moisture leakage. The NTSB has issued recommendations to Boeing and the FAA after an incident involving a United Airlines plane. This adds to the ongoing safety issues with the 737 Max, which was previously grounded after fatal crashes.

Portfolio Pulse from Benzinga Neuro

September 27, 2024 | 2:49 am

BMY

The FDA has approved Bristol-Myers Squibb's Cobenfy, a new antipsychotic drug for schizophrenia that targets cholinergic receptors, marking a shift from the traditional dopamine receptor approach.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 11:57 pm

NLSP

Trading for a company has been halted at 7:50:00 p.m. ET due to pending news. This could indicate significant upcoming announcements that may impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 11:50 pm

SEEL

Trading for SEEL has been halted as of 7:50:00 p.m. ET due to pending news. This indicates that significant information regarding the company is expected to be released soon.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 11:50 pm

SAVA

The SEC has charged Cassava Sciences and two former executives for misleading claims about an Alzheimer's clinical trial, resulting in a $40 million civil penalty. The company and executives have agreed to settlements without admitting or denying the allegations.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:56 pm

OVV

Ovintiv has received regulatory approvals to renew its share buy-back program, aligning with its capital allocation strategy to return at least 50% of post-dividend free cash flow to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:23 pm

ESTA

Establishment Labs has received FDA approval for its Motiva SmoothSilk Ergonomix and Motiva SmoothSilk Round breast implants, which can now be used in primary and revision breast augmentation procedures.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:22 pm