Streetbeat News

Regulatory

ICE

Intercontinental Exchange, Inc. (ICE) has confirmed the cessation of U.S. dollar LIBOR by September 2024, as announced by the U.K. Financial Conduct Authority. The FCA will not compel ICE Benchmark Administration to continue publishing synthetic U.S. dollar LIBOR settings beyond this date.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 9:03 am

EMCG

Embrace Change has received a warning from Nasdaq due to a delay in filing its quarterly report. The company plans to submit the report by the end of September.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:01 am

IMVT

Immunovant, Inc. reported positive Phase 2a trial results for its Graves' Disease drug, batoclimab, and received FDA clearance for a pivotal trial. The company highlighted unmet needs in the market for ATD-treated patients.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:59 am

EYEN

Formosa Pharma and Eyenovia are set to launch a new FDA-approved ophthalmic drug, APP13007, in the US. The drug, developed using Formosa's APNT® nanotechnology, offers a convenient dosing regimen and targets a $1.3 billion market.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 7:02 am

FBTC

Asian-origin Bitcoin and Ethereum ETFs in Hong Kong have underperformed due to market volatility and US regulatory uncertainty. The ChinaAMC Bitcoin ETF and Bosera HashKey Bitcoin ETF have seen declines, with Ethereum-based ETFs experiencing even larger losses. The US election season is contributing to market turbulence, affecting both Asian and US-based cryptocurrency funds.

Portfolio Pulse from Aniket Verma

September 09, 2024 | 6:13 am

GOOGL

Elon Musk expressed disbelief over YouTube's decision to restrict access to certain health and fitness videos for teens, a move by Alphabet Inc.'s platform to protect teens from negative self-perceptions. This decision aligns with growing concerns about social media's impact on teen mental health.

Portfolio Pulse from Ananya Gairola

September 09, 2024 | 5:32 am

BTCUSD

Donald Trump's upcoming cryptocurrency project, World Liberty Financial, raises concerns about potential conflicts of interest if he is re-elected as U.S. President. The project, which promotes DeFi and stablecoins, could lead to favorable regulations for Trump's interests, drawing criticism even from his allies.

Portfolio Pulse from Aniket Verma

September 09, 2024 | 3:18 am

ANCTF

SVNDY

Alimentation Couche-Tard is pursuing talks with Seven & i Holdings after its $38.5 billion acquisition bid was rejected. The Canadian company is willing to make divestitures to address antitrust concerns and is confident in securing financing for the deal.

Portfolio Pulse from Benzinga Neuro

September 09, 2024 | 2:38 am

TSLA

Donald Trump plans to appoint Elon Musk to lead a new government efficiency commission if he wins the election. This move raises questions due to recent controversies surrounding Musk's companies, including Tesla's recalls and discrimination lawsuits.

Portfolio Pulse from Bibhu Pattnaik

September 07, 2024 | 7:38 pm

AAPL

AMZN

GOOGL

NVDA

QQQ

SOXX

SPY

TSLA

The S&P 500, tracked by SPY, saw its largest weekly decline in 18 months due to a weaker labor market report. Tech stocks, tracked by QQQ, and the semiconductor sector, tracked by SOXX, experienced significant drops. Nvidia aims to expand beyond AI chips, Amazon's strong position in e-commerce and AWS is highlighted, and potential financial impacts on Alphabet due to a DOJ trial are discussed. Apple's iPhone 16 launch may initially disappoint, and Tesla's FSD timeline is criticized.

Portfolio Pulse from Michael Cohen

September 07, 2024 | 12:02 pm