Streetbeat News

Assets

DCPH

Deciphera Pharmaceuticals' cash, cash equivalents, and marketable securities were $376.9 million as of September 30, 2023, compared to $389.4 million as of June 30, 2023. The company expects its current financial resources, along with anticipated product, royalty, and supply revenues, to fund its operations and capital expenditures into 2026.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:07 am

CSIQ

Canadian Solar is constructing a solar photovoltaic cell manufacturing plant in Jeffersonville, Indiana. The facility will have an annual output of 5 GW, equivalent to around 20,000 high-power modules daily.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 11:05 am

AMD

ARKQ

TSM

Ark Invest, founded by Cathie Wood, purchased 54,289 shares of Advanced Micro Devices, Inc. (AMD) and 3,046 shares of Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) on Friday. The AMD purchase was valued at $5.24 million, while the TSM purchase was valued at about $261,926. AMD is set to release its Q3 results on Tuesday, with analysts expecting a slight decline in earnings per share and revenues compared to the previous year.

Portfolio Pulse from Shanthi Rexaline

October 30, 2023 | 10:53 am

CLZNF

IFF

International Flavors & Fragrances Inc (IFF) is selling its Cosmetic Ingredients business unit to Clariant AG for $810 million. The unit, which generated about $100 million in revenue in the last 12 months, will help IFF reduce its outstanding debt and focus on its core businesses. The transaction is expected to close in Q1 2024.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 10:23 am

BTCUSD

HTZ

The Department of Defense plans to develop a new variant of the B61 gravity bomb, signaling a resurgence in US nuclear weapons production. Hertz Global Holdings Inc reported that costs associated with Tesla EVs have negatively impacted the company’s EBITDA. Bitcoin surged over 14% and hit fresh yearly highs at $35,000, despite the Nasdaq’s slump. The U.S. and China are working towards a high-level meeting between President Joe Biden and Chinese leader Xi Jinping. Gold closed the week at $2,016.30 an ounce, up 0.89% from the previous session.

Portfolio Pulse from Benzinga Neuro

October 30, 2023 | 10:03 am

BTCUSD

A pseudonymous crypto analyst, Credible Crypto, predicts a significant increase in Bitcoin's price, forecasting it to reach approximately $48,000 by mid-November. The prediction is based on the Elliott Wave theory, which considers crowd psychology to forecast future price movements. The analyst suggests that Bitcoin has found a local bottom at $33,400 and is preparing for a parabolic surge.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 8:40 am

CG

Abingworth, a life sciences investment group under Carlyle (NASDAQ:CG), has closed its new Clinical Co-Development Co-Investment Fund at $356 million, exceeding its target of $300 million. This, along with the Abingworth Clinical Co-Development Fund 2, means Abingworth has raised over $930 million in new funds since 2021 to invest in late-stage clinical programs globally.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 8:08 am

BTCUSD

DOGEUSD

ELONUSD

SHIBUSD

Dogelon Mars (CRYPTO: ELON), a cryptocurrency inspired by Dogecoin (CRYPTO: DOGE) and Elon Musk’s vision of human colonization on Mars, has seen a 6% increase in value over the past 24 hours, outperforming Shiba Inu (CRYPTO: SHIB) and Dogecoin. The rise in value can be attributed to the overall surge in meme coins, driven by Bitcoin’s (CRYPTO: BTC) climb to $34,000. An additional factor contributing to the momentum of Dogelon Mars is the introduction of an exclusive NFT collection designed specifically for the ELONgevity community.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 7:02 am

CCJ

Cameco has signed a confidential uranium supply agreement with China Nuclear International Corporation. The contract volumes are included in the 215 million pounds of uranium Cameco reported having under long-term contracts as of April 27, 2023, and the reported average annual delivery volumes of 28 million pounds per year from 2023 through 2027.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 5:59 am

BTCUSD

DOGEUSD

Billy Markus, co-creator of Dogecoin, criticized Bitcoin ATMs as ripoffs. The number of Bitcoin ATMs in the US is growing at a rate of 3.7 per day, with approximately 27,032 currently in operation. However, security risks have been highlighted, such as a hacker gaining access to sensitive information from Bitcoin ATM manufacturer General Bytes. Markus also expressed hope for Bitcoin's price to surge to a trillion dollars, revealing he holds 0.01 bitcoin.

Portfolio Pulse from Mehab Qureshi

October 30, 2023 | 5:54 am