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Regulatory

BTCUSD

Florida's Chief Financial Officer, Jimmy Patronis, is advocating for the state's pension fund to explore crypto investments, emphasizing the long-term viability of digital assets. Patronis believes Florida's strong fiscal reserves make it well-positioned to diversify into crypto, aligning with recent state legislation against federal overreach and CBDCs.

Portfolio Pulse from Murtuza Merchant

October 31, 2024 | 6:10 pm

EOLS

Evolus has received EU approval for its Estyme Injectable Hyaluronic Acid Gels under the new Medical Device Regulation, with a broader launch planned for late 2025.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:02 pm

SMCI

Super Micro is facing potential risks due to the resignation of its auditor, which could lead to trading suspension or delisting. The U.S. government may block Chinese acquisitions if the company faces survival challenges, and there could be executive changes or corporate consolidation.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:01 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) shares fell sharply after poor Q3 results, with analysts divided on its future. Goldman Sachs maintained a Neutral rating, Needham raised its price target, and H.C. Wainwright lowered its target but remained bullish. Analysts noted potential positive regulatory changes.

Portfolio Pulse from Hayden Buckfire

October 31, 2024 | 5:40 pm

KPTI

Karyopharm Therapeutics shares rose after the company announced a change in the co-primary endpoint of its Phase 3 SENTRY Trial, following FDA feedback.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:00 pm

BTCUSD

Bitcoin is trading near $70,450 as traders anticipate market swings linked to the 2024 U.S. election. Analysts predict increased volatility, with potential price targets ranging from $76,000 to $125,000 depending on election outcomes. Institutional adoption and policy shifts are expected to support Bitcoin's upward trend post-election.

Portfolio Pulse from Murtuza Merchant

October 31, 2024 | 4:09 pm

BAX

Baxter's North Cove manufacturing site, impacted by Hurricane Helene, has restarted its highest-throughput IV solutions line. The company is working to restore full production and ensure supply continuity, with support from various partners and regulatory bodies.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:15 pm

ISPR

MSOS

SMG

TCNNF

TLRY

YOLO

The upcoming U.S. election is impacting cannabis stocks, with both Trump and Harris supporting cannabis reform. Stocks like Trulieve, AdvisorShares ETFs, Tilray, Ispire Technology, and Scotts Miracle-Gro are experiencing volatility. Investors are cautious due to uncertainty about Trump's genuine stance on cannabis reform.

Portfolio Pulse from Rolando García

October 31, 2024 | 3:06 pm

MA

VGK

Mastercard received a formal request for information from the European Commission in August regarding an investigation into alleged anti-competitive behavior of certain card scheme services in the EU/EEA.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:38 pm

BFRI

Biofrontera Inc. announced successful Phase 3 study results for its Ameluz-Photodynamic Therapy in treating superficial basal cell carcinoma (sBCC) in the US. The study met all primary and secondary endpoints with high statistical significance, aligning with European data.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:33 pm