Streetbeat News

Regulatory

ABBV

AbbVie has received EU approval for SKYRIZI to treat moderately to severely active ulcerative colitis in adults. This marks the fourth approved indication for SKYRIZI in the EU, supported by data from two pivotal Phase 3 trials.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 6:48 am

AAPL

SSNLF

Epic Games announced that Fortnite will be available on Apple's iPhones and iPads in the EU, but will be pulled from Samsung's Galaxy Store. This move is part of Epic's strategy to protest against app stores that they believe are unfair to developers. The company will also make its games available on third-party stores like AltStore.

Portfolio Pulse from Ananya Gairola

July 26, 2024 | 6:11 am

THCH

TH International, the exclusive operator of Tim Hortons China, faces a delisting threat from Nasdaq due to non-compliance with the minimum bid price requirement. The company has until January 15, 2025, to regain compliance or potentially face delisting.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:26 am

BTCUSD

Presidential candidate Robert F. Kennedy Jr. proposes that the U.S. government should purchase Bitcoin equivalent to the nation's gold reserves, which are valued at nearly $579 billion. This move is seen as an endorsement of Bitcoin as an 'honest currency' and a hedge against inflation.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 4:30 am

BEN

EZBC

SBHGF

Franklin Templeton and Japan's SBI Holdings are launching a digital asset management company to prepare for potential Bitcoin ETFs in Japan. Franklin Templeton, with $1.6 trillion in assets, will hold a 49% stake, while SBI will hold 51%. The venture aims to offer crypto ETF products and digital asset securities once approved by Japan's Financial Services Agency.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 4:28 am

ABNB

AON

COIN

Chris Lehane, a former Clinton White House staffer and OpenAI executive, has joined the board of directors at Coinbase Global Inc. (NASDAQ:COIN). Lehane's appointment comes as the political landscape in the U.S. shifts in favor of cryptocurrencies. Investment bank Citi has upgraded Coinbase shares from neutral to buy, anticipating an improved regulatory environment. Shares of Coinbase rose 1.81% in after-hours trading following the announcement.

Portfolio Pulse from Aniket Verma

July 26, 2024 | 3:26 am

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) has been granted two licenses by Germany's Federal Institute for Drugs and Medical Devices, allowing it to expand its medical cannabis production and research in Germany. The company plans to cultivate additional products and trial new cultivars, positioning itself to capture a significant share of the growing German cannabis market.

Portfolio Pulse from Jelena Martinovic

July 26, 2024 | 3:06 am

BTCUSD

PLTR

Paul Krugman highlighted J.D. Vance's connections with the tech industry, particularly with figures like Peter Thiel, as Vance becomes Trump's running mate. Vance's venture capital background and his support from the tech community are under scrutiny.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 2:28 am

CLLS

Cellectis shares are trading higher after the company announced the FDA granted orphan drug and rare pediatric designation disease to UCART22.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:08 pm

GE

GE Vernova is under federal investigation for wind turbine failures, as reported by Bloomberg citing State House News.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:47 pm