Streetbeat News

Regulatory

RDY

Dr Reddy's Laboratories announced that the USFDA completed a GMP inspection at their API manufacturing facility (CTO-6) in Srikakulam, issuing a Form 483 with four observations.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:27 pm

BTCUSD

Bitcoin experienced a sharp drop of $1,300 following the release of the U.S. employment report, which showed higher-than-expected non-farm payrolls and a slight increase in the unemployment rate. Despite this, institutional investors are driving significant Bitcoin accumulation, with new whale wallets adding around $1 billion in BTC daily. The demand for Bitcoin from large investors is growing, and holdings in Bitcoin spot ETFs in the USA have increased. However, the growth of stablecoin liquidity, particularly Tether's USDT, has slowed, which could hinder a sustained price rally.

Portfolio Pulse from Murtuza Merchant

June 07, 2024 | 1:25 pm

ESOA

Energy Services Of America Corp (ESOA) has filed for a mixed shelf offering with the SEC. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:11 pm

VERO

Venus Concept shares are trading higher due to continued upward momentum after the stock regained Nasdaq compliance.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:05 pm

NRXS

NeurAxis has submitted an application to the FDA to expand the label for its IB-Stim device. Additionally, the company has provided compliance with NYSE guidelines.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:03 pm

CEADW

Trading halt status was updated at 9:00:00 AM ET, with a quotation resumption announced. The news and resumption times are provided.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:00 pm

ASXC

Asensus Surgical shares have been halted pending news. Investors are awaiting further information that could significantly impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:47 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) has seen a significant stock price increase following its acquisition of cryptocurrency exchange Bitstamp Ltd. for $200 million. The deal, expected to close in the first half of 2025, expands Robinhood's market presence globally. Robinhood's stock has risen 151.86% over the past year and 80.30% year-to-date, with strong technical indicators suggesting continued bullish momentum. However, the company is also facing potential regulatory actions from the SEC.

Portfolio Pulse from Surbhi Jain

June 07, 2024 | 12:41 pm

CDXC

ChromaDex shares are trading higher after the company received exclusive FDA Orphan Drug Designation and Rare Pediatric Disease Designation for Nicotinamide Riboside Chloride in the treatment of Ataxia Telangiectasia.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:37 pm

SPY

The Federal Reserve swaps market no longer fully prices in a rate cut before December, indicating a shift in market expectations regarding monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:36 pm