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Regulatory

QNRX

Quoin Pharmaceuticals has initiated a pediatric clinical study for Peeling Skin Syndrome in New Zealand. The company is also evaluating the possibility of opening additional clinical sites in other countries.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:03 am

BTCUSD

Donald Trump has proposed a state Bitcoin reserve, which could positively impact Bitcoin prices but expose investors to risks if the government sells its reserves. The U.S. government currently holds $11.1 billion worth of crypto, including 203,239 Bitcoin tokens. Experts are skeptical about the plan.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 8:59 am

CHDRY

LVMUY

Christian Dior SE (OTC:CHDRY), a subsidiary of LVMH (OTC:LVMUY), is under scrutiny for delayed UK supply chain disclosures and outdated certifications. The company has now published a 2023 modern slavery statement and claims to have ceased working with non-compliant suppliers. This comes as LVMH faces other challenges, including missed earnings expectations and a potential shift in CEO rankings.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 8:58 am

BTCUSD

Economist Justin Wolfers attributes recent market volatility to fears of insider knowledge and Federal Reserve decisions. He highlights the impact of potential Democratic VP nominee shifts and the Fed's decision not to cut rates, despite a fall in the 10-year bond yield. Former President Trump criticizes current U.S. leadership for the market sell-off, and speculation on a potential rate cut in September intensifies due to economic data.

Portfolio Pulse from Kaustubh Bagalkote

August 06, 2024 | 8:19 am

TSLA

YouTuber Adin Ross gifted Donald Trump a Tesla Cybertruck wrapped with an image of Trump at a Pennsylvania rally. During the stream, Trump praised Elon Musk but criticized electric vehicles (EVs) for their limitations. Musk endorsed Trump and mentioned that eliminating EV subsidies would have limited impact on Tesla but be devastating for competitors. Trump softened his stance on EVs, calling them 'fantastic' due to Musk's endorsement.

Portfolio Pulse from Anan Ashraf

August 06, 2024 | 7:45 am

WKEY

WISeKey has successfully renewed its WebTrust compliance for the OISTE/WISeKey Global Root of Trust, ensuring continued trust and security in its digital identity solutions.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:47 am

GNS

Genius Group has announced a 1-for-10 reverse stock split to comply with NYSE's minimum price requirement. The split will be effective on August 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:23 am

EWA

The Reserve Bank of Australia has decided to keep the interest rate unchanged at 4.35% for August. This decision may impact various financial instruments, including the iShares MSCI Australia ETF (EWA).

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:55 am

AMD

GOOGL

NVDA

PLTR

TSLA

On Monday, significant declines hit U.S. and Japanese markets due to concerns over a slowing U.S. economy, sparking a global sell-off. The Dow Jones Industrial Average fell 2.6%, while the S&P 500 and Nasdaq Composite also faced substantial losses. Japanese stocks experienced their biggest one-day drop since 1987. Key stocks on investors' radars included Palantir, Alphabet, Nvidia, AMD, and Tesla, with varying impacts on their share prices.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 4:10 am

NVDA

Nobel laureate Paul Krugman ridiculed Bitcoin's store of value narrative, comparing its volatility to NVIDIA Corp. (NASDAQ: NVDA). Krugman highlighted the growing correlation between Bitcoin and technology stocks, questioning Bitcoin's 'digital gold' thesis. Bitcoin was trading at $55,791.75, up 2.55%, while NVIDIA shares ended 6.36% down at $100.45.

Portfolio Pulse from Aniket Verma

August 06, 2024 | 3:48 am