Streetbeat News

Assets

CALC

CalciMedica, Inc. (NASDAQ:CALC) announced a private placement to raise up to approximately $55 million, including $20.4 million in initial funding and potential additional funding of approximately $34.2 million through warrant exercises. The proceeds will fund Phase 2 clinical trials for Auxora in acute pancreatitis (AP) and acute kidney injury (AKI), with the potential to cover subsequent pivotal trials. The private placement includes participation from new and existing healthcare investors and is expected to close in two stages, with the first on January 23, 2024, and the second on February 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:02 pm

CVX

HES

Chevron Corp (NYSE:CVX) is looking to sell its natural gas business in Canada's Duvernay Shale, which produces around 40,000 barrels of oil and gas daily. The sale is part of Chevron's strategy to streamline operations after several acquisitions, including deals with Hess Corp (NYSE:HES), PDC Energy, and Noble Energy. The assets could be worth up to $900 million. Chevron plans to divest $10 billion to $15 billion in assets by 2028. The company will report Q4 FY24 results on February 2, 2024. CVX shares saw a slight premarket decline.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 12:33 pm

MAR

Marriott International announced at The Americas Lodging Investment Summit significant growth in its global signings, with a 52% increase in organic rooms signed in 2023 compared to 2022. Additionally, the company achieved a net rooms growth of 4.7% in 2023.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:23 pm

CHRS

Coherus BioSciences has agreed to sell its Cimerli ophthalmology franchise to Sandoz for $170 million, plus an additional amount for inventory. This deal is likely to provide Coherus with a significant cash infusion.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:19 pm

CDE

Coeur Mining has announced an update on its exploration activities at the Silvertip polymetallic project in Northern British Columbia, reporting high-grade intersections of silver, lead, and zinc. The company provided a recap of its 2023 exploration program and offered a preview of its plans for 2024.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:17 pm

HLT

Hilton (HLT) reported the opening of 132 hotels and approximately 24,000 rooms in Q4 2023, leading to a total of 395 hotel openings and around 63,000 rooms for the year. This expansion resulted in a net unit growth of 4.9% for the company.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:15 pm

CHRS

SDZNY

Coherus BioSciences, Inc. (NASDAQ:CHRS) has agreed to sell its ophthalmology franchise, including CIMERLI and its commercial infrastructure, to Sandoz for $170 million in cash, plus additional payment for product inventory. The deal encompasses the CIMERLI biologics license application, sales and reimbursement teams, product inventory, and commercial software.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:15 pm

DOGEUSD

FLOKIUSD

Dogecoin (DOGE) experienced a surge of over 10% following buzz around a payment feature on Elon Musk's 'everything app' X. A verified account for X Payments has been created, fueling rumors that DOGE will be used as a universal payment method on the platform. Analyst Johnny predicts DOGE could reach $0.10, while Peppe has added DOGE to his portfolio due to these speculations. Interest in similar coins like FLOKI is also expected to rise, with FLOKI's market value increasing from $266 million to $300 million. Despite the excitement, Dogecoin's price fell 4%, with significant liquidations occurring.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 12:07 pm

WTI

W&T Offshore has finalized the acquisition of six fields in the shallow waters of the Gulf of Mexico for $72M, using the company's available cash.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:55 am

NGL

NGL Energy Partners LP (NYSE:NGL) announced the expansion of its Lea County Express Pipeline System, increasing capacity from 140,000 to 340,000 barrels of water per day by 2024. The LEX II Expansion includes a new 27-mile pipeline and additional facilities, supported by a contract with an investment grade oil and gas producer.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 11:33 am