Streetbeat News

Regulatory

BTCUSD

Max Keiser, a Bitcoin advocate, praised El Salvador's economic progress under President Nayib Bukele, highlighting its low inflation and safety. El Salvador, which adopted Bitcoin as legal tender, is seen as a model for economic freedom. However, challenges like high public debt and limited press freedom persist.

Portfolio Pulse from Aniket Verma

October 29, 2024 | 3:34 am

JPM

JPMorgan Chase & Co is suing customers who exploited a technical flaw to withdraw funds from ATMs before checks bounced, known as the 'infinite money glitch'. The bank has filed lawsuits in three federal courts and is investigating thousands of potential cases. JPMorgan's CEO, Jamie Dimon, also criticized recent regulatory efforts.

Portfolio Pulse from Benzinga Neuro

October 29, 2024 | 2:39 am

JNJ

MYCOF

PFE

The global psychedelic drugs market is projected to grow from $4.88 billion in 2023 to $10.2 billion by 2028, driven by increased mental health awareness and regulatory changes. Companies like Pfizer, Johnson & Johnson, and Mydecine Innovations Group are advancing in this sector.

Portfolio Pulse from Juan Spínelli

October 28, 2024 | 10:39 pm

TCNNF

The battle over cannabis legalization in Florida intensifies as Governor Ron DeSantis opposes Amendment 3, which aims to legalize recreational cannabis. The pro-legalization campaign, led by Smart & Safe Florida and heavily funded by Trulieve Cannabis Corp., has raised significant funds, making it the best-funded cannabis initiative in US history. DeSantis has used state resources to support his anti-cannabis stance, sparking controversy.

Portfolio Pulse from Maureen Meehan

October 28, 2024 | 10:21 pm

SNY

Sanofi announced that Beyfortus, the first long-acting antibody approved in Canada for preventing RSV in newborns and infants, will be available in Ontario, Quebec, Nunavut, Northwest Territories, and Yukon this fall.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:57 pm

GOOG

GOOGL

META

MSFT

Alphabet Inc. (GOOGL, GOOG) is set to report its Q3 earnings with expectations of $1.84 EPS and $86.31 billion in revenue. Meta Platforms Inc. (META) is developing an AI search engine, potentially challenging Alphabet's dominance. The DOJ is considering restructuring Alphabet to reduce its market dominance. Alphabet's stock shows strong bullish momentum, with analysts predicting a 27% upside.

Portfolio Pulse from Surbhi Jain

October 28, 2024 | 8:26 pm

CETX

Cemtrex has received an extension from Nasdaq to regain compliance with the minimum stockholder's equity requirement.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:19 pm

JPM

Jamie Dimon, CEO of JPMorgan Chase, criticized recent banking regulations, calling them 'stupid calculations' and urging for a regulatory overhaul. He expressed concerns over the Basel III reforms and their impact on banks, especially globally significant ones.

Portfolio Pulse from Michael Cohen

October 28, 2024 | 8:19 pm

SHPH

Shuttle Pharma has finalized agreements with six sites for a Phase 2 clinical trial of Ropidoxuridine, a radiation sensitizer for glioblastoma treatment. The drug has received Orphan Drug Designation from the FDA, which could provide marketing exclusivity upon approval.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:10 pm

HOOD

IBKR

ForecastEx, a CFTC Designated Contract Market, has approved Robinhood Derivatives as a new Clearing Member, allowing them to offer event contracts to hedge against political, economic, and climate events.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:53 pm