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Regulatory

BTCUSD

Mark Cuban believes that former President Donald Trump's re-election won't directly impact Bitcoin's price. Instead, Cuban points to broader economic factors such as lower tax rates, tariffs, and global geopolitical uncertainties as potential catalysts for Bitcoin's price appreciation. He speculates that Bitcoin could become a global 'safe haven' asset if the U.S. dollar's dominance wanes.

Portfolio Pulse from Murtuza Merchant

July 17, 2024 | 5:41 pm

NVO

Novo Nordisk faces a setback as the Dutch Health Care Institute advises against including Wegovy in basic insurance coverage due to cost-benefit concerns. This decision could impact Novo Nordisk's market in the Netherlands, where Wegovy is not yet available. The institute also highlighted a global shortage of semaglutide, Wegovy's primary ingredient.

Portfolio Pulse from Vandana Singh

July 17, 2024 | 5:38 pm

GOOGL

MSFT

NVDA

Google and Microsoft are providing Chinese companies access to Nvidia AI chips through data centers outside China, despite U.S. restrictions. The Biden administration is imposing strict trade measures to prevent Chinese firms from using U.S. technology for AI. Nvidia continues to sell AI chips in China, with some being smuggled in despite export restrictions.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 5:22 pm

AMBA

MKSI

MTSI

NXPI

RMBS

SMTC

Shares of chip stocks are trading lower amid reports that President Biden is considering further restrictions on China. The sector is also impacted by soft guidance from ASML.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:03 pm

BTCUSD

ETHUSD

Crypto analyst Miles Deutscher outlines ten key catalysts for significant growth in the crypto market, including Bitcoin and Ethereum ETFs, the U.S. presidential election, and Goldman Sachs' tokenization projects. He believes this is one of the most bullish setups in his six years in crypto.

Portfolio Pulse from Khyathi Dalal

July 17, 2024 | 5:01 pm

ALK

SPR

The NTSB has scheduled 20 hours of hearings over two days to investigate the emergency involving an Alaska Airlines Boeing 737 Max 9 on January 5. The hearings will review FAA oversight of Boeing and Spirit AeroSystems.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:53 pm

LYRA

Lyra Therapeutics has been granted U.S. Patent #12036337 for 'Implantable Scaffolds for Treatment of Sinusitis'. This patent could enhance Lyra's product portfolio and strengthen its market position in the treatment of sinusitis.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:43 pm

AMAT

AMD

ARM

ASML

AVGO

INTC

LRCX

MRVL

NVDA

QCOM

SMH

SOXX

TSM

TXN

The semiconductor sector is experiencing a significant selloff due to potential tightening of U.S. regulatory restrictions on chip exports to China. Major ETFs and individual stocks in the sector have seen substantial declines.

Portfolio Pulse from Piero Cingari

July 17, 2024 | 4:42 pm

MULN

Mullen Automotive (NASDAQ:MULN) shares are trading lower despite the approval of its all-electric Class 1 cargo van, the 2024 Mullen ONE, for a $3,500 cash voucher under Massachusetts' MOR-EV program. This approval, combined with a federal tax credit, significantly reduces the effective cost of the van. The news highlights Mullen's commitment to making its commercial EVs more affordable and accessible.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2024 | 4:35 pm

KRO

Kronos Worldwide (KRO) shares have been halted pending news. Investors are awaiting further information to understand the reason behind the halt.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:20 pm