Streetbeat News

Regulatory

COIN

HOOD

SONY

Cryptocurrency markets are trading higher with Bitcoin, Ethereum, and Dogecoin starting July in the green. Miner selling is reportedly subsiding. Notable developments include Robinhood's acquisition of Pluto Capital, DOJ's partnership with Coinbase, and Sony's entry into crypto. Bitcoin's key metrics show a decline, but open interest is at a weekly high. The SEC is suing Silvergate for securities fraud.

Portfolio Pulse from Khyathi Dalal

July 01, 2024 | 8:57 pm

CRWD

KRUZ

NANC

Rep. Marjorie Taylor Greene has reported several stock transactions, including buying shares of CrowdStrike Holdings Inc., a stock also owned by Nancy Pelosi. This has raised concerns due to Greene's position on the Subcommittee on Cybersecurity, Information Technology, and Government Innovation. The news highlights the ongoing debate about whether Congressional members should be allowed to trade stocks.

Portfolio Pulse from Chris Katje

July 01, 2024 | 8:56 pm

SOUHY

TMQ

The Biden Administration has halted the Ambler Road project in Alaska to protect the environment and Native communities, impacting potential mining developments by Trilogy Metals and South32.

Portfolio Pulse from Stjepan Kalinic

July 01, 2024 | 8:22 pm

DLA

NYSE American has announced that it will begin delisting proceedings against Delta Apparel (DLA). Trading in the company's common stock will be suspended immediately.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:21 pm

SBFM

Sunshine Biopharma, Inc. (SBFM) has received a notification letter from Nasdaq granting an exception until August 26, 2024, to regain compliance with Nasdaq's minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:09 pm

Swedish Match is seeking FDA renewal for its Modified Risk Marketing Claim, presenting real-world evidence supporting reduced harm and population health benefits. The company proposes adjustments to increase switching from smoking and smokeless tobacco. Experts presented to TPSAC on June 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:06 pm

CCL

CUK

DJT

NCLH

NIO

RCL

XPEV

Cruise stocks fell due to Hurricane Beryl, the Supreme Court ruled on Trump presidential immunity, and Chinese EV companies reported their deliveries.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:04 pm

EIX

PCG

California is facing triple-digit temperatures this week, leading to blackout and fire risks. PG&E Corp (NYSE:PCG) may cut power to 12,000 homes and businesses, while Edison International (NYSE:EIX) is not planning any shutoffs. PG&E has faced significant liabilities from wildfires in the past and has invested heavily in updating its electrical grid.

Portfolio Pulse from Hayden Buckfire

July 01, 2024 | 8:03 pm

ARCT

Arcturus Therapeutics (NASDAQ: ARCT) provided mid-year updates on its ARCT-810 and ARCT-032 programs. The ARCT-810 Phase 2 study in Europe has completed enrollment, with data expected later this year. The U.S. Phase 2 program will expand to include patients with more severe disease. An IND for ARCT-032's Phase 2 study will be submitted within 60 days.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:02 pm

IYG

WMT

XLF

A federal judge's call for a revised $30 billion antitrust settlement for Visa and Mastercard is unlikely to materially impact their business models, according to JPMorgan. The judge argued that the initial settlement disproportionately benefited small merchants over larger retailers like Walmart. Despite the judge's opinion, JPMorgan remains optimistic about Visa and Mastercard's ability to maintain earnings growth. The news had a minor negative impact on Visa and Mastercard's stock prices, while ETFs IYG and XLF saw modest gains.

Portfolio Pulse from Michael Juliano

July 01, 2024 | 7:44 pm