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Regulatory

BTCUSD

Anthony Scaramucci, former White House Communications Director, stated that Donald Trump's pro-cryptocurrency stance is beneficial for the industry, despite labeling him as 'dangerous.' He criticized Elizabeth Warren and Gary Gensler for their anti-crypto positions, linking it to the FTX collapse. Scaramucci supports Kamala Harris for her potential positive regulatory impact on crypto.

Portfolio Pulse from Aniket Verma

August 28, 2024 | 3:08 am

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J.D. Vance criticized Kamala Harris and the Democratic Party for allowing a Chinese battery plant by Gotion in Michigan, linking it to the Inflation Reduction Act. The plant, a significant economic project, has faced opposition due to national security concerns. The issue highlights U.S.-China economic tensions and scrutiny over Chinese investments.

Portfolio Pulse from Benzinga Neuro

August 28, 2024 | 2:11 am

JAZZ

In 2023, São Paulo enacted a law allowing free access to CBD-based medicines, benefiting children with severe epilepsy. This reform was driven by Brazilian mothers advocating for their children's health. Jazz Pharmaceuticals' Epidiolex, an FDA-approved CBD medication, is highlighted as a significant development in treating epilepsy.

Portfolio Pulse from Nina Zdinjak

August 28, 2024 | 1:11 am

META

Vivek Ramaswamy praised Mark Zuckerberg for admitting to past censorship mistakes on Meta's platform, particularly regarding COVID-19 content moderation influenced by the Biden administration. Zuckerberg aims to avoid political involvement and will not donate to election infrastructure in 2024, unlike in 2020.

Portfolio Pulse from Shivdeep Dhaliwal

August 28, 2024 | 1:03 am

HITI

Canada's legal cannabis industry is facing a decline in sales and increased bankruptcy filings, attributed to federal government inaction. Omar Khan of High Tide Inc. criticizes the government's lack of engagement, while provinces like Ontario and Alberta take steps to boost legal cannabis accessibility. The federal-provincial disconnect and falling flower prices are contributing to the industry's struggles.

Portfolio Pulse from Patricio Liddle

August 28, 2024 | 12:57 am

VS

Versus Systems has received a notice from Nasdaq regarding a deficiency in meeting the minimum stockholders' equity requirement. The company has until October 7, 2024, to submit a compliance plan.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:45 pm

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URA

The Palisades nuclear power plant in Michigan is set to be the first U.S. plant to be recommissioned after being decommissioned, driven by the growing demand for carbon-free energy. Entergy Corp previously owned the plant, which was sold to Holtec International. The U.S. Department of Energy is providing $1.52 billion in loans for its restoration. The AI revolution is increasing electricity demand, with nuclear energy gaining renewed interest. The Biden administration is promoting nuclear power to reduce fossil fuel dependency. The VanEck Uranium and Nuclear Energy ETF and Global X Uranium ETF have shown recent gains.

Portfolio Pulse from Natan Ponieman

August 27, 2024 | 9:43 pm

AMC

GME

GameStop's recent meme stock surge in May 2023 did not attract the same level of retail investor interest as seen in 2021, according to SEC data. Retail participation was about half of what it was during the original frenzy. Despite a significant price increase in May, the stock closed down 2.90% at $20.74 on Tuesday.

Portfolio Pulse from Michael Juliano

August 27, 2024 | 9:40 pm

JEWL

Adamas One has received a notice from Nasdaq regarding non-compliance with listing rules, which could impact its stock listing status.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:29 pm

BTM

Bitcoin Depot has identified material weaknesses in its internal control over financial reporting, which have not been remediated as of June 30, 2024. The company has dismissed KPMG LLP as its independent auditor and appointed Wolf & Company, P.C. in its place.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 9:11 pm