Streetbeat News

Regulatory

BTCUSD

MSTR

El Salvador's President Nayib Bukele has proposed the establishment of a Bitcoin bank to attract significant Bitcoin investments and boost the nation's GDP. The initiative aims to capitalize on Bitcoin's legal tender status in El Salvador and diversify financing options for investors.

Portfolio Pulse from Murtuza Merchant

June 17, 2024 | 12:48 pm

TAK

Takeda Pharmaceutical Co Ltd (NYSE:TAK) announced that its anti-seizure treatment, Soticlestat, failed to meet primary endpoints in two Phase 3 studies for Dravet and Lennox-Gastaut syndromes. Despite some positive secondary outcomes, the primary goals were narrowly missed. Takeda plans to discuss the results with regulatory authorities.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 12:41 pm

BBY

QTTB

ZYME

Market-Moving News for June 17th includes significant updates for Best Buy Co (BBY), Zymeworks (ZYME), and Q32 Bio (QTTB). UBS upgraded Best Buy to Buy and raised its price target to $106. Zymeworks received FDA clearance for its Investigational New Drug application for Zw171, and Q32 Bio received a Buy rating from Guggenheim with a $100 price target.

Portfolio Pulse from ryanfaloona@benzinga.com

June 17, 2024 | 12:40 pm

ETHUSD

Crypto analyst Michaёl van de Poppe predicts a reversal in altcoin prices in the coming weeks, driven by potential Ethereum ETF approvals and easing dollar strength. Despite recent declines due to regulatory uncertainties and market events, Van de Poppe remains optimistic about a rebound.

Portfolio Pulse from Khyathi Dalal

June 17, 2024 | 12:38 pm

CVLY

ORRF

Orrstown Financial Services and Codorus Valley Bancorp have received the necessary regulatory approvals and waivers for their merger of equals.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:37 pm

TANH

Tantech Holdings Ltd (NASDAQ:TANH) has regained compliance with Nasdaq's periodic filing requirement under Listing Rule 5250(c)(1). Nasdaq has confirmed that the matter is now closed.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:34 pm

AVTE

Trading in AVTE was halted at 8:25:00 a.m. ET pending news. Investors should stay tuned for updates as trading halts often precede significant announcements.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:25 pm

MRCY

Mercury Systems and Green Hills Software have entered the verification phase to provide DO-178C and AC 20-193 airworthiness evidence for the INTEGRITY-128 tuMP safety-critical real-time operating system.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:17 pm

THAR

Tharimmune has reported a Type C meeting with the FDA regarding its Phase 2 program for TH104. This meeting is a significant step in the drug development process, potentially impacting the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:15 pm

BTCUSD

COIN

A significant Bitcoin and blockchain roundtable organized by U.S. Congressman Ro Khanna will take place in Washington D.C. in early July. The event will feature key officials from the Biden Administration, members of Congress, and Mark Cuban. This meeting is seen as a response to former President Donald Trump's recent endorsements of Bitcoin. The Biden Administration has historically taken a critical stance towards Bitcoin, but this roundtable could signal a potential shift in Washington's approach to the crypto industry.

Portfolio Pulse from Murtuza Merchant

June 17, 2024 | 12:10 pm