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Benzinga

September 18, 2019

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they’re withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors.

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Benzinga

September 13, 2019

Fibrocell Spikes 60% After Receiving Cash Bid From Castle Creek Pharma

Castle Creek Pharmaceutical Holdings announced it will acquire Fibrocell Science, Inc.
FCSC, a cell and gene therapy company in a $3 per share cash. Castle Creek Pharmaceuticals is a privately held company developing therapies for patients with rare, serious or debilitating dermatologic conditions.

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Benzinga

September 11, 2019

GE Will No Longer Be Baker Hughes Majority Owner

GE’s ownership stake of Baker Hughes stands at around 522 million shares, or 50.4% of the company. GE will sell up to 120.75 million Baker Hughes shares in a secondary offer and Baker Hughes will buy $250 million worth of shares from GE in a separate transaction, according to Reuters.

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Benzinga

September 10, 2019

What To Expect From Apple’s Product Event On Tuesday

Apple Inc. AAPL will host its annual product launch on Tuesday and consumers are likely to be greeted with incremental improvements in new devices. Apple’s annual tradition of hosting a product launch event will likely be consistent with prior years, according to CNBC. Management introduces new products and explains new features and Tuesday’s event will likely include incremental improvements from past generations.

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Benzinga

September 9, 2019

10 Industrials Stocks Moving In Monday’s Pre-Market Session

Gainers: Frontline, Inc. FRO stock moved upwards by 4.1% to $8.84 during Monday’s pre-market session.; Ballard Power Systems, Inc. BLDPshares rose 2.2% to $4.71. The market cap seems to be at $506.8 million. According to the most recent rating by Roth Capital, on July 01, the current rating is at Sell.

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Benzinga

August 29, 2019

Gold’s Rally Has Miners ETFs Strutting Their Bull Market Stuff

Gold’s recent rally is providing predictable benefits to some other popular exchange traded funds, those being miners products, including the VanEck Vectors Gold Miners ETF (GDX). Bullion is being bolstered by global central banks on multiple fronts. Not only are central banks, in both developed and emerging markets, seemingly racing to lower interest rates, many of those banks are also gobbling up gold.

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Benzinga

August 27, 2019

A Top Amazon Finance Exec Departs

Jeff Bezos is the face of Amazon.com, Inc. AMZN. But working quietly behind the scenes was Kurt Zumwalt, Amazon’s global treasurer who quit his post after 15 years, CNBC reported. Zumwalt’s LinkedIn page says he “built and scaled” Amazon’s treasury department, which he oversaw as the company grew from $5 billion in revenue to more than $200 billion.

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Benzinga

August 26, 2019

10 Biggest Price Target Changes For Monday

Credit Suisse lowered Pivotal Software Inc PVTL price target from $20 to $15. Pivotal Software shares closed at $14.88 on Friday.Morgan Stanley boosted Intuit Inc. INTU price target from $244 to $260. Intuit shares closed at $278.74 on Friday.

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Benzinga

August 19, 2019

Don’t Ignore This Low Volatility ETF

Low volatility exchange traded funds are getting plenty of attention (and assets) from investors these, but the ones on the receiving end of the most adulation are, not surprisingly, large-cap funds like the Invesco S&P 500 Low Volatility ETF SPLV. As is often the case, low volatility or otherwise, mid-cap stocks and ETFs are going overlooked.

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Benzinga

August 16, 2019

Another Way To Play Declining Interest Rates

With Treasury yields on a seemingly unabated decline in the U.S. and market participants expecting more interest rate cuts by the Federal Reserve, there is plenty of chatter about investment strategies for a low rate environment. At the industry level, one of the prime beneficiaries of lower interest rates are homebuilders stocks.

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Benzinga

August 12, 2019

CannTrust Plummets 25% After Non-Compliance Ruling From Health Canada

Shares of cannabis company CannTrust Holdings Inc (NYSE: CTST) fell 25% early Monday after the company said it accepts a new negative Health Canada ruling. CannTrust said in a press release that it failed a Health Canada inspection during the period of July 10-16. The company said it accepts the findings and actions to fix its wrongdoings are underway.

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Benzinga

August 6, 2019

A Vegan ETF Is Happening, But It May Not Look The Way You Expect

One of those unique funds is the U.S. Vegan Climate ETF, which will traded under the ticker “VEGAN” and is slated to debut next month. It has been a long wait for VEGAN. Beyond investing, the fund’s issuer, filed plans for the ETF almost a year ago and it was expected to debut in January.

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Benzinga

July 24, 2019

Wanda Sports IPO: What You Need To Know

Even as the Sino-U.S. trade issue hangs in a limbo, a Chinese sports event marketing company that is part of Dalian Wanda Group Co, a conglomerate owned by billionaire Wang Jianlin, is eyeing a U.S. listing. Beijing-based Wanda Sports Group Company Limited has filed with the SEC to offer 33.33 million ADSs, representing 50 million Class A ordinary shares, in an IPO.

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Benzinga

July 22, 2019

The Most Actively Traded Securities On OTC Markets In June

There are over 10,000 securities traded on the OTC Markets, 1,430 of which trade on the market’s top two tiers, OTCQX and OTCQB.But when it comes to the most actively traded of those securities, there is a clear top eight. As of the end of June, there were eight securities—four on OTCQX, four on OTCQB—that had traded more than $1 billion in volume in 2019. No other security has traded more than $900,000 of volume.

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Benzinga

July 18, 2019

Italy Chooses Aurora Cannabis To Supply Medical Marijuana

Aurora Cannabis Inc. ACB announced Thursday it has won the Italian government’s public tender to supply medical marijuana in Italy. The company was the winner among five companies that participated in the tender and it’s expected to sign the contract this fall.

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Benzinga

July 17, 2019

Stock Wars: GM Vs. Ford Vs. Tesla Vs. Toyota

It has been a rough five-year stretch for large auto stocks Toyota Motor Corp TM, General Motors Company GM, Ford Motor Company F and Tesla Inc TSLA. Despite a booming market and an overall 52.4% gain for the S&P 500, none of these big automakers has managed to produce a double-digit return for investors over the past five years.

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Benzinga

July 11, 2019

Tesla-Heavy ETF Gets A New Look

An exchange traded fund once known for its large weight to Tesla Inc. TSLA is getting a new look while maintaining its robust exposure to shares of the electric automobile manufacturer.The ETF previously known as the VanEck Vectors Global Alternative Energy ETF is now the VanEck Vectors Low Carbon Energy ETF SMOG. SMOG tracks the Ardour Global Index.

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Benzinga

July 3, 2019

As Facebook Prepares To Launch Libra, Regulators Are Watching

Facebook, Inc. FB’s bold move into the cryptocurrency space with the planned launch of Libra in 2020 is certain to draw the attention of regulatory authorities. The Cambridge Analytica data scandal in 2018 involved the harvesting of personal data of millions of people’s Facebook profiles without their consent for the purpose of political advertising.

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Benzinga

June 27, 2019

Wells Fargo Downgrades Parsons On Valuation

Technology-focused defense company Parsons Corp (PSN) went public in early May at $27 per share and is now trading north of Wells Fargo’s price target. Ed Caso downgraded Parsons from Outperform to Market Perform with an unchanged $36 price target.

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