Streetbeat News

Regulatory

ORCL

Advanced Info Service (AIS) has partnered with Oracle to launch Thailand's first locally owned hyperscale cloud. AIS Cloud will offer over 100 Oracle Cloud Infrastructure services, addressing regulatory and data sovereignty requirements.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:02 am

GOOG

GOOGL

META

Google, a subsidiary of Alphabet Inc., has introduced new measures to combat explicit deepfake content in its search results. The company aims to simplify the removal of such content and prevent it from ranking highly. This move follows similar actions by Meta Platforms Inc. and Elon Musk's X to address the issue of AI-generated explicit content.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 5:48 am

PHAR

Pharming Group projects 2024 revenues between $280M and $295M, reflecting 14% to 20% growth. The company plans to expand its patient base for Joenja® therapy, increase ex-U.S. revenues, complete clinical trials, and seek regulatory approvals in multiple regions. Operating costs will be managed without significant cash burn, and potential acquisitions are being considered.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:44 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced sharp declines amid escalating geopolitical tensions between Iran and Israel. Bitcoin's price dropped significantly, causing a ripple effect on other major altcoins. The market sentiment shifted from 'Greed' to 'Neutral,' and significant liquidations occurred. In contrast, US stock indices surged following dovish comments from Federal Reserve Chair Jerome Powell.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 2:42 am

BTCUSD

Senator Cynthia Lummis introduced the BITCOIN Act to establish a U.S. strategic Bitcoin reserve, aiming to strengthen the U.S. dollar and address national debt. The bill proposes a $1 million purchase program to acquire 5% of Bitcoin's total supply over five years, with a minimum holding period of 20 years.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 1:36 am

EVOK

Trading for EVOK was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:50 pm

QQQY

Trading has been halted for an unspecified reason at 7:50:00 p.m. ET, with news pending. The halt affects QQQY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:50 pm

CVX

HES

Hess and Chevron have announced that the arbitration merits hearing regarding the applicability of the Stabroek ROFR to their merger has been scheduled for May 2025. Despite their request for an earlier date, the hearing was delayed due to scheduling conflicts. Both companies remain confident that the arbitration will confirm that the Stabroek ROFR does not apply to the merger.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:52 pm

GNLN

Greenlane Holdings, Inc. (NASDAQ:GNLN) announced a 1-for-11 reverse stock split of its Class A common stock, effective August 5, 2024. The move aims to comply with Nasdaq's minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 9:25 pm

EIS

Crude oil prices surged 4.9% to $78.41 per barrel, marking the largest one-day increase since October 2023, due to escalating geopolitical tensions in the Middle East. Iran's supreme leader has ordered retaliation against Israel, raising fears of disruptions in the oil supply chain. The UN Security Council held an emergency meeting to address the situation. The Israeli shekel fell 1% against the dollar, while the iShares MSCI Israel ETF (NYSE:EIS) closed 0.2% higher.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 9:20 pm