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PGY

RITM

Rithm Capital has partnered with Darwin Homes to form Adoor Property Management, LLC, a single-family rental management technology platform. The platform will utilize Darwin's technology to enhance resident experience and drive management efficiencies. Additionally, Pagaya has onboarded Rithm Capital to its network through its B2B2C rental product operated by Darwin.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:33 pm

EWC

Canada's GDP for August remained unchanged at 0.0%, missing the estimated growth of 0.1%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:32 pm

PXMD

PaxMedica, Inc. (NASDAQ:PXMD) has acquired suramin research assets from Rediscovery Life Sciences (RLS). The assets will be used to support the submission for the approval of PAX-101, a treatment for African Sleeping Sickness. The acquisition follows PaxMedica's recent Type B meeting with the FDA and is expected to expedite the NDA submission process for PAX-101.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:10 pm

IMMP

Immutep reported its Q1 FY24 activities, highlighting a strong cash position of approximately $110.1 million as of 30 September 2023. The company has sufficient capital to reach key milestones for efti and IMP761. Cash receipts from customers in Q1 FY24 were $132k, compared to $16k in Q4 FY23. The net cash used in G&A activities was $1.61 million, while R&D activities used $9.72 million. Total net cash outflows used in operating activities were $12.86 million. The company also paid $328k for the acquisition of Intellectual Property.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:07 pm

BHP

BHP Group Ltd has approved an investment of C$6.4 billion for Stage 2 of the Jansen potash project, doubling its investment in potash. The company aims to build one of the world's largest potash mines and expects the construction to take around six years. The first production is planned for FY29. This follows BHP's approval of C$7.5 billion for stage one of the project in August 2021. BHP shares are trading lower by 1.04% at $56.95 premarket.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 12:00 pm

SPRC

SciSparc Ltd. (NASDAQ:SPRC) has been granted a patent by IP Australia for its technology that reduces opioid use in pain management. The patent is for a combination of opioids and N-Acylethanolamines for pain treatment. The global opioid market, valued at $22.8 billion in 2022, is expected to grow at a CAGR of 1.4% from 2023 to 2030. The company's technology allows for effective pain treatment with significantly lower opioid concentrations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:57 am

OKYO

OKYO Pharma has raised $5.84 million in cash and reduced its payables. The company has not disclosed the source of the funds or the extent of the payables reduction.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 11:26 am

CEIX

CONSOL Energy has provided its FY23 outlook, expecting PAMC coal sales volume to be between 25.5M-26.5M tons. It also anticipates the Itmann Mining Complex production volume to be between 300-400 thousand tons.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:52 am

EWU

FXI

GLD

SPY

UUP

On Monday, October 30th, U.S. stock markets closed significantly higher, with all 11 S&P 500 sectors ending in the green. Asian markets were mixed, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 closing higher, while China’s Shanghai Composite and Shenzhen CSI 300 declined. European markets were trading higher. Commodities saw crude oil and gold trading higher, while the U.S. Dollar Index declined.

Portfolio Pulse from Akanksha Bakshi

October 31, 2023 | 10:44 am

ZBRA

Zebra Technologies is executing on the 2022 Productivity Plan and a Voluntary Retirement Plan to generate cost efficiencies. The total charges are expected to be approximately $105 million, and the net annualized expense savings resulting from these actions is expected to total approximately $100 million, an increase from $85 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:38 am