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BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading lower due to the U.S. government moving 10,000 BTC to an unknown wallet and the latest CPI data release. Bitcoin, Ethereum, and Dogecoin saw notable declines. Despite the price drop, experts remain bullish on Bitcoin, citing increased large transaction volumes and institutional accumulation.

Portfolio Pulse from Khyathi Dalal

August 14, 2024 | 8:20 pm

GOOG

GOOGL

The Department of Justice (DOJ) is investigating Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) for its dominance in the search market, with potential outcomes including a breakup or restructuring of the company. Analysts suggest that a breakup could be beneficial for shareholders, potentially leading to higher valuations for individual business units like YouTube. The legal process could take one to two years, and the stock has seen a 2.3% decline amid the news.

Portfolio Pulse from Chris Katje

August 14, 2024 | 8:11 pm

GOVX

SIGA

GeoVax Labs Inc. (NASDAQ:GOVX) and SIGA Technologies Inc. (NASDAQ:SIGA) shares surged after the WHO declared Mpox a global health emergency. GeoVax focuses on developing vaccines for infectious diseases, including Mpox, while SIGA's antiviral drug TPOXX is used to treat Mpox. The declaration has increased investor confidence and demand for these companies' products.

Portfolio Pulse from Vaishali Prayag

August 14, 2024 | 8:04 pm

SPY

Fed's Goolsbee suggests that rising unemployment may indicate a worsening job market and emphasizes a focus on employment if the job market weakens. He describes current policy as 'very restrictive' and notes that the economy is not overheating. Future economic conditions will determine the size of rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:59 pm

TSLA

The article discusses the political and social controversies surrounding Elon Musk, particularly his stance on immigration and his support for Donald Trump. It highlights the potential impact on Tesla (NASDAQ: TSLA) if Trump does not win the upcoming election, suggesting that Musk's companies could face increased scrutiny and legal challenges under a Kamala Harris administration.

Portfolio Pulse from David Pinsen

August 14, 2024 | 7:17 pm

INCY

The FDA has approved Axatilimab-CSFR for the treatment of chronic graft-versus-host disease. This approval is significant for patients suffering from this condition and could impact the companies involved in the development and distribution of this drug.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:07 pm

LLY

NVO

Eli Lilly (NYSE:LLY) has issued cease-and-desist letters to U.S. healthcare providers to stop promoting compounded versions of its weight-loss drugs, Mounjaro and Zepbound, as the supply of these medications has improved. The FDA is evaluating whether the supply meets the criteria for resolving the shortage. Novo Nordisk (NYSE:NVO) is also mentioned as having faced similar shortages. LLY stock is up 2.46%.

Portfolio Pulse from Vandana Singh

August 14, 2024 | 6:35 pm

BTCUSD

The latest CPI report shows inflation rising as expected, which may lead to Federal Reserve rate cuts. Experts believe this is bullish for Bitcoin and could stabilize the crypto market. Bitcoin is currently down to $59,200.

Portfolio Pulse from Murtuza Merchant

August 14, 2024 | 6:14 pm

KAYS

Kaya Holdings, Inc. (OTCQB:KAYS) criticizes the FDA's decision to reject MDMA for PTSD treatment and advocates for psilocybin as an alternative. KAYS operates The Sacred Mushroom, a psilocybin treatment facility in Oregon, and invites those seeking psilocybin therapy. CEO Craig Frank expressed disappointment with the FDA's decision and highlighted the potential benefits of psilocybin therapy, supported by recent studies.

Portfolio Pulse from Juan Spínelli

August 14, 2024 | 6:13 pm

ABT

EBS

MRNA

SIGA

The World Health Organization (WHO) announced that an expert committee will propose the adoption of Mpox vaccines under Emergency Use Listing around mid-September.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 5:55 pm