Streetbeat News

Regulatory

BTCUSD

Macro investor Lyn Alden highlights Bitcoin's transformative potential, emphasizing its role in closing the gap between fast transactions and slow settlements. She is optimistic about open-source projects like Fedimint and Nostr, which enhance Bitcoin's ecosystem and privacy features.

Portfolio Pulse from Khyathi Dalal

August 22, 2024 | 4:21 pm

AZTR

Azitra shares rise following FDA approval for Phase 1/2 clinical study of ATR-04.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:18 pm

YHGJ

Yunhong Green shares are declining following a Nasdaq Non-Compliance notice due to the late filing of its Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:12 pm

AAPL

VGK

Apple is allowing iPhone users to delete native apps like Safari, App Store, Camera, Photos, and Messaging to comply with EU digital competition laws.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:09 pm

EWJ

Japan is tightening disclosure rules for companies reclassifying cross-shareholdings to ensure transparency and prevent misleading practices. This move aims to address concerns about companies concealing their true intentions and to satisfy institutional investors' demands for unwinding strategic shareholdings.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:07 pm

RIO

Rio Tinto anticipates disruptions in raw material supply and product shipments due to a rail stoppage in Canada. The company has contingency plans to mitigate the impact.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:49 pm

CNI

EWC

Canadian Prime Minister Justin Trudeau has acknowledged the significant impact of a rail stoppage across Canada and emphasized the need for a quick solution. This situation could affect companies like Canadian National Railway (CNI) and the iShares MSCI Canada ETF (EWC), which are linked to the Canadian economy and infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:43 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) has signed a letter of intent to supply DEA-approved cannabis extracts and psychedelics to Benuvia Operations, an FDA-registered pharmaceutical company. This agreement positions Bright Green as a leading supplier of plant-based raw materials for cannabinoid, psychedelic, and opioid-based drugs in the USA.

Portfolio Pulse from Nina Zdinjak

August 22, 2024 | 3:39 pm

EWT

FXI

SPY

Taiwan's top security officials have made a secret trip to the US for talks, highlighting the sensitive nature of current relations between Beijing and Taipei.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:22 pm

COST

CVS

WBA

WMT

The article contrasts two retail models: membership-only stores like Costco and Sam's Club, which are thriving, and open-to-all stores like CVS and Walgreens, which are struggling. Costco's stock has risen over 60% in the past year, while Walgreens' has fallen by the same percentage. The article discusses potential regulatory challenges for Costco and suggests hedging strategies for its stock.

Portfolio Pulse from David Pinsen

August 22, 2024 | 2:59 pm