Streetbeat News

Regulatory

JBLU

The U.S. Transportation Department has fined Emirates $1.5 million for operating flights in restricted airspace with JetBlue's code. This violation occurred between December 2021 and August 2022, breaching a previous consent order from 2020.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 12:47 pm

GLUE

Monte Rosa Therapeutics presented preclinical data at EULAR 2024 for MRT-6160, a VAV1-directed molecular glue degrader (MGD) for treating rheumatoid arthritis. The data shows MRT-6160 inhibits disease progression, pro-inflammatory cytokines, and autoantibody production. A Phase 1 SAD/MAD study is expected to start in mid-2024, with initial clinical data anticipated in Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:46 pm

ONMD

OneMedNet has announced a customer data license agreement with a leading U.S.-based global clinical trial design and software company. The agreement will provide regulatory-grade real-world data, including EHRs, lab results, and medical imaging.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:45 pm

SPY

Federal Reserve's Mester stated that the current monetary policy is well-positioned, indicating confidence in the economic outlook. This could impact market sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:42 pm

SPY

Federal Reserve's Mester emphasized the importance of not delaying rate cuts, suggesting potential future monetary easing. This could impact market sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:41 pm

SPY

Federal Reserve's Mester comments on the latest inflation data, noting that inflation is starting to move down again after stalling. She emphasizes the need for inflation to fall further and acknowledges that monetary policy is impacting the economy. Mester also mentions that the neutral interest rate fluctuates.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:39 pm

BTCUSD

COIN

Tether co-founder William Quigley criticizes the Biden administration for allowing the SEC to take an aggressive stance towards crypto companies, particularly under Chairman Gary Gensler. He suggests that a Trump presidency might result in less aggressive regulatory actions. Quigley also projects Bitcoin could reach up to $300,000 in 2025 based on historical patterns.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 12:33 pm

CLPS

CLPS Inc. has received a notification from Nasdaq regarding its failure to meet the minimum bid price requirement. The company now has a compliance period to regain compliance with Nasdaq's listing rules.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:32 pm

GRI

GRI Bio has announced a 1-for-13 reverse stock split effective June 17, 2024. The company aims to regain compliance with Nasdaq listing requirements. Trading on a split-adjusted basis will begin on June 18, 2024, under a new CUSIP.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:07 pm

GBTC

IBIT

Bitcoin ETFs saw a net outflow of $226 million on June 13, with Grayscale's Bitcoin Investment Trust (GBTC) experiencing a $61.53 million outflow. However, BlackRock's iShares Bitcoin Trust (IBIT) saw a net inflow of $18.23 million. Market analysts attribute the outflows to miner capitulation and regulatory uncertainty. Despite this, Bitcoin's price rose to $67,000. Ethereum may present an accumulation opportunity ahead of a potential spot ETH ETF approval in late summer.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 11:59 am