Streetbeat News

Regulatory

ARKB

ETHV

FBTC

FETH

GBTC

Standard Chartered predicts Bitcoin could reach $125K if Trump wins the 2024 election, or $75K under Kamala Harris. Regulatory progress and a steepening U.S. Treasury curve are seen as positive for Bitcoin. Bitcoin and Ethereum ETFs show mixed fund flows, with notable outflows from Ark & 21Shares and Grayscale, but inflows for Fidelity.

Portfolio Pulse from Murtuza Merchant

September 12, 2024 | 2:28 pm

PLNH

Planet 13 Holdings Inc. is expanding its presence in Nevada by acquiring a Las Vegas-based cannabis dispensary for $6.9 million. This acquisition is part of their strategy to increase scale and profitability in Nevada. The deal includes a medical and recreational license and is expected to close after regulatory approvals. Planet 13 is also expanding in Florida, with plans to open more stores by 2024.

Portfolio Pulse from Jelena Martinovic

September 12, 2024 | 2:24 pm

NVDA

SPY

VOO

Nvidia's AI chips may soon be exported to Saudi Arabia as the U.S. reconsiders its semiconductor sanctions. Despite a recent unimpressive quarterly report, Nvidia remains a key player in AI, with analysts maintaining bullish ratings. Nvidia's stock has risen 161% over the past year, and it is included in major ETFs like SPY and VOO.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 2:14 pm

JNJ

Johnson & Johnson is seeking its first EU approval for Nipocalimab, a treatment for antibody-positive generalized myasthenia gravis. This move could expand J&J's presence in the European pharmaceutical market.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:12 pm

SPY

USO

The U.S. Treasury Department has issued new sanctions related to Venezuela. These sanctions could impact various sectors, including energy, due to Venezuela's significant oil reserves.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:11 pm

NAVI

Navient has agreed to pay a $20 million penalty and provide $100 million in relief to borrowers as determined by the CFPB. The company will not re-enter federal student loan servicing or acquire more FFELP loans, but does not expect these restrictions to impact its business plans.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:52 pm

FBLG

FibroBiologics has filed a patent application for a new technology that generates three-dimensional organoids using fibroblast cell-based technology. This development could have significant implications for the biotech industry.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:33 pm

SPY

The U.S. Treasury has proposed rules for a 15% corporate alternative minimum tax targeting companies with $1 billion in annual profits. This tax is expected to generate over $250 billion from about 100 of the largest U.S. companies over 10 years, with $20 billion anticipated in 2025.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:10 pm

YGMZ

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) and Oxylus Global Inc have mutually agreed to terminate their proposed acquisition due to regulatory approval uncertainties. MingZhu plans to explore alternative options for business diversification and growth.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:08 pm

YGMZ

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) and Oxylus Global Inc have mutually agreed to terminate their proposed acquisition due to regulatory approval uncertainties. MingZhu plans to explore alternative options for business diversification and growth.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 1:08 pm