Streetbeat News

Regulatory

GRUSF

Grown Rogue International Inc. (CSE:GRIN, OTC:GRUSF) is reorganizing its share capital to maintain its foreign private issuer status in the US. This move aims to defer additional reporting obligations and focus on operational goals, including new assets in New Jersey and Illinois. The reorganization will redesignate common shares as subordinate voting shares and create a new class of unlisted multiple voting shares. The record date is June 26, 2024, and the reorganization will be effective on June 27, 2024.

Portfolio Pulse from Nina Zdinjak

June 25, 2024 | 7:36 pm

SPY

The CDC has issued a health advisory warning the public about an increased risk of Dengue virus infections in the U.S. for 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 7:09 pm

AMAT

CVS

INTU

META

QCOM

VZ

Donald Trump's proposal to replace income taxes with tariffs on foreign goods has caused stocks dependent on Chinese suppliers to underperform. Companies like CVS Health, Verizon, and Intuit, which rely on U.S. suppliers, have outperformed those like Meta Platforms, Qualcomm, and Applied Materials, which rely on Chinese suppliers.

Portfolio Pulse from Hayden Buckfire

June 25, 2024 | 7:00 pm

GOOG

GOOGL

Google has outlined the potential costs and implications of allowing third-party app stores, such as the Epic Games Store, to operate within the Google Play Store. The integration would require 12 to 18 months and cost between $60 million to $137 million. Google emphasizes that financial costs are not the only concern, citing risks to user safety and its reputation. Epic Games will have the opportunity to challenge Google's estimates, with a final court hearing scheduled for August 14.

Portfolio Pulse from Franca Quarneti

June 25, 2024 | 6:35 pm

BTCUSD

Congressman Matt Gaetz has introduced a bill to allow federal tax payments in Bitcoin, aiming to amend the Internal Revenue Code of 1986. The bill proposes a framework for the U.S. Treasury to develop a system for Bitcoin tax payments, with immediate conversion to dollars. This move could integrate digital currencies into mainstream financial operations and promote innovation.

Portfolio Pulse from Murtuza Merchant

June 25, 2024 | 6:31 pm

ETHUSD

SPY

SEC Chair Gary Gensler declined to provide a timeline for the launch of a spot Ether ETF during the Bloomberg Invest event. This leaves the market uncertain about the future of such financial products.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:26 pm

ETHUSD

SEC Chair Gary Gensler stated that the approval process for a spot Ether ETF is progressing smoothly. This announcement was made at the Bloomberg Invest Event.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:24 pm

BTCUSD

ETHUSD

SPY

SEC Chair Gary Gensler emphasized significant noncompliance in the cryptocurrency sector during the Bloomberg Invest event, highlighting ongoing regulatory concerns.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:23 pm

SPY

SEC Chair Gary Gensler spoke at the Bloomberg Invest Event, stating that the SEC is currently assessing a recent 5th Circuit ruling on hedge fund regulation.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:17 pm

BTAI

BioXcel Therapeutics Inc (NASDAQ:BTAI) announced positive topline results from a post-marketing study of Igalmi (dexmedetomidine) sublingual film, showing no evidence of tachyphylaxis, tolerance, or withdrawal. The study involved 28 inpatient adults with bipolar disorders or schizophrenia and demonstrated improvement in agitation symptoms with favorable safety results.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 6:16 pm