Streetbeat News

Regulatory

ABT

The FDA has announced that Abbott Medical has issued a correction for its HeartMate LVAS System Monitor due to screen issues that could potentially cause an unintentional pump stop.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 6:10 pm

BTCUSD

ETHUSD

Galaxy Research's Alex Thorn predicts minimal market impact from Mt. Gox Bitcoin distributions and is optimistic about Ethereum ETF inflows. He estimates only 64,000 BTC will be distributed, with minimal immediate selling. Thorn also projects $1 billion monthly inflows for Ethereum ETFs, potentially outperforming Bitcoin ETFs.

Portfolio Pulse from Khyathi Dalal

June 28, 2024 | 6:00 pm

COIN

Coinbase Global is set to launch new crypto derivatives contracts regulated by the CFTC through its subsidiary, Coinbase Derivatives.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:45 pm

SOLUSD

21Shares has filed for a Solana (SOL) spot ETF, following VanEck's similar filing. The ETF aims to track SOL's performance and will hold SOL, valuing shares daily based on a designated index. The filing includes a contingency plan for regulatory changes, highlighting ongoing uncertainty. If approved, the ETF would offer investors exposure to Solana without directly purchasing the cryptocurrency.

Portfolio Pulse from Murtuza Merchant

June 28, 2024 | 5:42 pm

MFG

MUFG

SMFG

Shares of Japanese banking stocks are trading higher due to strong economic data and the potential for rate hikes in July, driven by the weak Yen.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:32 pm

BKR

DIA

FSLR

KRE

NKE

QQQ

SPY

TAN

TLT

WOOF

XLE

XLU

Wall Street saw a mixed session with major indices slightly lower despite positive inflation data. The PCE price index fell to its lowest level since March 2021, aligning with economists' predictions and reinforcing expectations for potential interest rate cuts. Energy stocks outperformed, likely due to Trump's strong debate performance, while Treasury yields rose. Key movers included Nike, Petco, Baker Hughes, and First Solar.

Portfolio Pulse from Piero Cingari

June 28, 2024 | 5:31 pm

SAVA

A federal grand jury has indicted Hoau-Yan Wang, a Pennsylvania man, for defrauding the NIH of $16 million in federal grant funds by allegedly fabricating scientific data in grant applications for Alzheimer's research. Wang faces charges of major fraud, wire fraud, and false statements, and could face up to 55 years in prison if convicted.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:25 pm

COIN

ETHE

The SEC has filed a lawsuit against ConsenSys, alleging the firm failed to register as a broker. This legal action could have significant implications for the cryptocurrency market and related companies.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:21 pm

MRNA

Moderna, Inc. (NASDAQ:MRNA) stock is trending on Friday following the European Medicines Agency’s positive opinion on its RSV vaccine, mRNA-1345, for adults aged 60 and older. The vaccine showed an efficacy rate of 83.7% in a Phase 3 trial. Analysts have recently adjusted their price targets for Moderna.

Portfolio Pulse from Dylan Berman

June 28, 2024 | 5:15 pm

CMND

Clearmind Medicine Inc. (NASDAQ:CMND) shares surged after the company announced a patent approval in Hong Kong for its MEAI-based binge behavior regulator program. The stock saw heavy trading volume, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 5:11 pm