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COIN

Coinbase Global, Inc (NASDAQ:COIN) has been facing regulatory challenges in India, leading to the suspension of new user sign-ups and trading services. The company's CEO, Brian Armstrong, attempted to launch the exchange in India by adding support for the local UPI payment instrument, but the overseeing body refused to acknowledge Coinbase's launch. The company is also involved in a lawsuit with the U.S. SEC for allegedly operating an unregistered exchange.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 11:30 am

BA

Boeing (NYSE:BA) and Vietnam Airlines have announced a commitment for the airline to order 50 737-8 airplanes from the 737 MAX family to expand its single-aisle fleet. The deal was announced during a signing ceremony attended by President Joe Biden and other officials. The 737 MAX's enhanced fuel efficiency and environmental performance are expected to provide flexibility for Vietnam's growing aviation market.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:29 am

BABA

Alibaba Group Holding Limited (NYSE:BABA) is undergoing a leadership change in its cloud business, with Daniel Zhang stepping down as Chair and CEO. Eddie Wu has taken over as CEO and Joseph Tsai as Chair. Alibaba's cloud unit is preparing for an IPO estimated at $41 billion - $60 billion, expected to be completed by May 2024. Analysts have mixed views on the impact of Zhang's departure on Alibaba's share price and the timing of the cloud unit's spin-off.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 11:26 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are up over 6% in premarket trading, possibly due to a couple of catalysts. Morgan Stanley analyst Adam Jonas upgraded Tesla stock from ‘Equal-Weight’ to a 12-month price target of $400, a 60% boost, based on the potential of Tesla’s Dojo supercomputer. Local Chinese media reports also suggest that Tesla could raise Model Y prices next month.

Portfolio Pulse from Shanthi Rexaline

September 11, 2023 | 11:15 am

FXE

GLD

SPY

USO

US markets ended higher on Friday, September 8, driven by energy stocks following the decision by Saudi Arabia and Russia to extend supply cuts. However, key indexes saw weekly declines due to investor concerns over interest rates and upcoming US inflation data. Asian markets were mixed, with Japan's Nikkei 225 and Hong Kong's Hang Seng falling, while Australia's S&P/ASX 200 and China's Shanghai Composite rose. The European STOXX 600 index, Germany's DAX index, France's CAC 40, and the U.K.'s FTSE 100 all traded higher. The European Commission downgraded the Eurozone's economic growth outlook due to high inflation and Germany's recession. Commodities saw crude oil and natural gas fall, while gold, silver, and copper rose. US futures and the U.S. Dollar Index were down.

Portfolio Pulse from Akanksha Bakshi

September 11, 2023 | 11:13 am

BLRX

BioLineRx's American Depositary Shares (ADS) are set to resume trading at 7:30 AM ET.

Portfolio Pulse from Charles Gross

September 11, 2023 | 11:06 am

EYPT

EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) has announced positive interim masked safety data for its lead product candidate EYP-1901 from the ongoing Phase 2 PAVIA and DAVIO 2 trials. The trials are evaluating EYP-1901 as a potential treatment for non-proliferative diabetic retinopathy and wet age-related macular degeneration.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:05 am

IFRX

InflaRx N.V. (NASDAQ:IFRX) announced topline results from the single ascending dose (SAD) part of its Phase I trial of the orally administered C5aR inhibitor INF904. The results showed an excellent safety and tolerability profile, as well as a favorable pharmacokinetic and pharmacodynamic profile, confirming INF904's best-in-class potential.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 11:03 am

ETHUSD

SOL

SOLUSD

Analytics firm IntoTheBlock has suggested a potential $3 billion sell-off in the cryptocurrency market, possibly triggered by the impending liquidation of bankrupt crypto exchange FTX. The firm's digital asset portfolio, valued at around $3 billion, is under threat. Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have been singled out as significant parts of FTX's assets. The exact timeline for the liquidation remains unknown.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 11:00 am

BLRX

Shares of Bioline RX have been halted due to pending news. Further details are yet to be disclosed.

Portfolio Pulse from Charles Gross

September 11, 2023 | 10:57 am