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NRXP

NRx Pharmaceuticals, Inc. (NRXP) announced a $1.5M underwritten public offering of common stock at $0.30/share, with an additional investor commitment of $1M. The offering, managed by EF Hutton LLC, aims to raise funds for working capital, general corporate purposes, and servicing current debt obligations. The company highlighted the offering's accretive nature to shareholder value and its strategy to avoid dilutive transactions common in the biotech sector. Proceeds will also support the launch of HOPE Therapeutics, with first revenue expected by the end of Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:57 pm

GIFI

Gulf Island Fabrication, Inc. (GIFI) has successfully sold excess property, resulting in net cash proceeds of approximately $8.5 million.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:46 pm

MCK

McKesson's (NYSE:MCK) short interest has decreased by 5.51%, now representing 1.2% of its float with 1.57 million shares sold short. It would take approximately 2.37 days to cover these short positions. This decline in short interest could indicate a more bullish sentiment towards MCK among traders. Additionally, compared to its peers, McKesson has a lower short interest percentage of 1.2% against an average of 5.04%, suggesting it is performing well relative to its industry counterparts.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 1:45 pm

EW

Edwards Lifesciences (NYSE:EW) has seen a decrease in short interest, with the short percent of float falling 8.29% to 1.66% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The company's short interest is also lower than its peer group average of 3.89%, suggesting a relatively more positive outlook compared to its peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 1:45 pm

SPY

The Durables Excluding Defense for January showed a significant decrease of 7.3%, a stark contrast to the previous month's slight increase of 0.1%. This indicates a substantial drop in demand for durable goods excluding defense-related items.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:31 pm

SPY

USA Durable Goods Orders for January decreased by 6.1%, which is more than the estimated decrease of 4.9% and a significant drop from the previous month's decrease of 0.3%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:30 pm

SPY

Core Durable Goods Orders for January decreased by 0.3%, contrary to the expected increase of 0.2%.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:30 pm

BCS

Barclays PLC and Blackstone Credit & Insurance have announced an agreement where Barclays Bank Delaware will sell approximately $1.1 billion of credit card receivables to Blackstone's Asset Based Finance group. This sale is part of Barclays' strategy to reduce risk-weighted assets and increase lending capacity. The transaction includes a long-term servicing arrangement, with BBDE continuing to service the accounts. The deal is expected to release about GBP£1.0 billion of RWAs for Barclays and is set to fund in Q1 2024. Barclays Bank PLC also acted as the structuring advisor and liquidity provider for the transaction.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:13 pm

GLD

SPY

USO

U.S. stock markets closed lower on Monday, with the S&P 500, Dow Jones, and Nasdaq all experiencing declines amid a focus on upcoming economic indicators. Asian and European markets, however, saw gains in various sectors. Crude oil prices slightly decreased, while gold and other commodities rose. U.S. futures indicated a positive opening for the next trading day. Economic data showed a drop in U.S. building permits but an increase in new single-family home sales.

Portfolio Pulse from Akanksha Bakshi

February 27, 2024 | 1:13 pm

DNLI

Denali Therapeutics has announced a $500 million private placement equity financing. This significant financial move is aimed at bolstering the company's capital, potentially to fund research, development, and possibly expand its operations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 1:03 pm