Streetbeat News

Regulatory

META

Jack Dorsey, CEO of Block Inc. (NYSE:SQ) and co-founder of Twitter, warned about the future challenges of distinguishing reality from deepfakes. He emphasized the need for personal verification of information. Elon Musk responded by questioning if we are already living in a simulated reality. The rise of AI and deepfakes has raised concerns about misinformation, with companies like Meta Platforms Inc. (META) addressing AI-generated fake news.

Portfolio Pulse from Ananya Gairola

June 24, 2024 | 7:09 am

TAK

Takeda (TAK) presented positive Phase 2b trial results for mezagitamab (TAK-079) in treating primary immune thrombocytopenia (ITP). The study showed significant improvements in platelet response and reduced bleeding events. Takeda plans to initiate a global Phase 3 trial in FY2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 7:09 am

AVGO

MRVL

NVDA

TSM

ByteDance is collaborating with Broadcom to develop a 5-nanometer AI chip, compliant with U.S. export restrictions, with manufacturing outsourced to Taiwan Semiconductor. This partnership aims to secure a stable supply of high-end chips amid U.S.-China tensions.

Portfolio Pulse from Benzinga Neuro

June 24, 2024 | 6:18 am

BTCUSD

ETHUSD

Nate Geraci, president of The ETF Institute, anticipates approvals for spot Ethereum ETFs this week, potentially shaking up the cryptocurrency market. This follows his earlier prediction and comments from the SEC. Analysts predict a potential 60% rally in Ether's price if the ETFs are approved.

Portfolio Pulse from Aniket Verma

June 24, 2024 | 4:18 am

BTCUSD

ETHUSD

Anthony Scaramucci, CEO of SkyBridge Capital, predicts significant surges in Bitcoin and Ethereum values if President Joe Biden wins the upcoming election. He anticipates Bitcoin could reach $170,000 to $250,000 and Ethereum $10,000 to $12,000. Scaramucci believes institutional adoption and Bitcoin being declared an asset class will drive these increases.

Portfolio Pulse from Bibhu Pattnaik

June 23, 2024 | 2:34 pm

BTCUSD

ETHUSD

SHIBUSD

This week in cryptocurrency saw significant events including Donald Trump's vow to end Joe Biden's 'war on crypto,' a surge in Shiba Inu's burn rate, and Worldcoin outperforming Bitcoin and Ethereum. Additionally, Argentina's President endorsed Bitcoin, and Martin Shkreli alleged that Barron Trump initiated TrumpCoin.

Portfolio Pulse from Benzinga Neuro

June 23, 2024 | 9:09 am

BTCUSD

COIN

The Winklevoss twins donated Bitcoin exceeding the legal limit to Trump's presidential campaign, resulting in a refund. The twins, who manage Winklevoss Capital Management and operate the Gemini crypto exchange, are known for their pro-Bitcoin stance. Trump is actively courting the crypto industry for his 2024 campaign.

Portfolio Pulse from Bibhu Pattnaik

June 22, 2024 | 7:09 pm

FSR

GOEV

KARS

NKLA

TSLA

This week in the EV sector, Tesla analysts lowered their expectations ahead of Q2 deliveries, Fisker filed for bankruptcy, Nikola confirmed a 30-for-1 reverse stock split, and Canoo announced a secondary offering. Additionally, Canada is considering tariffs on Chinese EV imports.

Portfolio Pulse from Shanthi Rexaline

June 22, 2024 | 1:15 pm

AAPL

DJT

GME

NVDA

TSLA

Benzinga reviewed the prospects of popular stocks and assets, highlighting bullish and bearish sentiments. Key mentions include Nvidia, GameStop, Trump Media, Apple, and Tesla. The S&P 500 and Nasdaq 100 hit record highs, while oil prices rebounded, boosting energy stocks.

Portfolio Pulse from Michael Cohen

June 22, 2024 | 12:55 pm

AAPL

Apple Inc. (NASDAQ:AAPL) will exclude three major features from its upcoming iOS 18 and macOS Sequoia for EU customers due to regulatory concerns related to the Digital Markets Act (DMA). The features are Apple Intelligence, iPhone Mirroring to macOS Sequoia, and SharePlay Screen Sharing.

Portfolio Pulse from Rounak Jain

June 22, 2024 | 8:21 am