Streetbeat News

Regulatory

CNC

Centene expects to report Q2 GAAP EPS of $2.16 and adjusted EPS of $2.42, surpassing estimates of $1.96. The Centers for Medicare and Medicaid Services published the final risk adjustment transfers for the 2023 benefit year, resulting in a $0.0 billion receivable for Centene. As of March 31, 2024, Centene had recorded a $1.3 billion 2023 risk adjustment payable on its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:14 am

AAPL

BIDU

Apple and Micron executives visited Beijing to meet with senior Chinese officials amid increasing U.S. semiconductor sanctions against China. Apple is expanding its presence in China, while Micron is seeking to overcome challenges from a ban on its products in critical infrastructure.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 10:12 am

AAPL

Apple COO Jeff Williams and Micron President Sanjay Mehrotra visited Beijing amid increasing US tech curbs. This visit highlights the importance of the Chinese market for both companies and their efforts to navigate geopolitical tensions.

Portfolio Pulse from charles@benzinga.com

July 23, 2024 | 9:02 am

META

The EU has warned Meta Platforms Inc. (NASDAQ:META) about its 'pay or consent' model for Facebook and Instagram, citing potential consumer protection law violations. Meta has until September 1, 2024, to propose changes or face fines. The model requires users to either pay for ad-free usage or consent to data collection for personalized ads.

Portfolio Pulse from Ananya Gairola

July 23, 2024 | 8:07 am

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