Streetbeat News

Regulatory

AZN

BMY

NVS

SNY

Despite rising US-China tensions, major pharmaceutical companies like AstraZeneca, Novartis, Bristol Myers Squibb, and Sanofi are pursuing deals in China to strengthen their drug pipelines. AstraZeneca acquired Gracell Biotechnologies for $1.2 billion, and Novartis bought the remaining shares of SanReno Therapeutics. This trend continues despite geopolitical risks and economic challenges.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 7:42 am

TRTL

TortoiseEcofin Acquisition Corp. III (TRTL) has received a delisting notice from the NYSE and will move its securities to OTC Markets. The company plans to request a review of the delisting determination by a Committee of the Board of Directors of NYSE.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:42 am

BTCUSD

Senator Cynthia Lummis hinted at significant upcoming news related to Bitcoin, sparking speculation about potential political moves involving Bitcoin. Her cryptic message has stirred the crypto community, especially amid rumors of Donald Trump potentially declaring Bitcoin a strategic reserve asset if re-elected.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 6:10 am

BTCUSD

COIN

The U.S. government moved 58.74 BTC, worth nearly $4 million, to Coinbase Prime, sparking speculations about the motivation behind the transfer. This is part of a larger trend in 2024, where the government has moved 6,261 BTC, worth $392 million, mostly after a price rise in February. The funds were seized from Ryan Farace, convicted for selling Xanax on darknet marketplaces. Speculation grows that Bitcoin may be announced as a strategic reserve asset by Donald Trump.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 5:58 am

CLSK

CORZ

HOOD

IREN

MARA

MSTR

RIOT

Bernstein analysts predict that a potential Trump victory in the 2024 elections could significantly impact the cryptocurrency market, particularly Bitcoin. They highlight seven key cryptocurrency stocks that could benefit from a positive shift in regulations if Trump is reelected. These stocks include Riot Platforms Inc. (RIOT), CleanSpark Inc. (CLSK), Marathon Digital Holdings Inc. (MARA), Core Scientific Inc. (CORZ), Iris Energy Ltd. (IREN), Robinhood Markets Inc. (HOOD), and MicroStrategy Inc. (MSTR).

Portfolio Pulse from Aniket Verma

July 23, 2024 | 4:03 am

GOOG

GOOGL

Google's $23 billion acquisition of cloud security startup Wiz has been called off due to antitrust and investor concerns. Wiz will now pursue an IPO. The deal would have significantly boosted Google's cloud security capabilities, helping it compete with Microsoft and Amazon. Alphabet's stock saw a slight increase following the news.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 3:54 am

AMC

CRWD

NVDA

TSLA

Major U.S. indices closed higher on Monday, with notable movements in Nvidia, CrowdStrike, AMC, Verizon, and Tesla stocks. Nvidia rose due to new AI chip development, CrowdStrike fell after an IT outage, AMC increased following debt restructuring plans, Verizon dropped after missing sales estimates, and Tesla rose ahead of its earnings report.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 3:10 am

CRWD

MSFT

CrowdStrike CEO George Kurtz is set to testify before Congress regarding a recent global tech outage caused by a faulty update to CrowdStrike's security software. The incident affected millions of devices running on Microsoft's Windows OS, leading to significant disruptions across various industries. CrowdStrike's stock has dropped sharply, and analysts have downgraded the stock due to concerns over the company's handling of the situation.

Portfolio Pulse from Benzinga Neuro

July 23, 2024 | 3:00 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

Leading cryptocurrencies traded flat as the SEC approved spot ETFs for Ethereum. Bitcoin remained stable, while Ethereum saw selling pressure and a whale transferred $30 million in Ether to Binance. The market saw significant liquidations, and analysts suggest buying the dip in Ethereum.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 2:50 am

BLK

COIN

The SEC has approved the trading of spot Ethereum ETFs, marking a significant milestone for cryptocurrency investments. The approved ETFs include those from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy. Coinbase Global Inc. will act as the custodian for 8 of the 9 newly approved ETFs. Analysts project significant inflows and increased activity in the Ethereum ecosystem.

Portfolio Pulse from Aniket Verma

July 23, 2024 | 1:52 am