Streetbeat News

Assets

REE

REE Automotive Ltd. (NASDAQ:REE) reported a 30% growth in its initial order book value since August end, reaching a total combined order value of approximately $25 million. The company is expanding its Authorized Dealer Network with three new dealers in Wisconsin, Illinois, and California. REE is progressing towards full vehicle certification with expected first customer deliveries by the end of 2023 and a production plan of up to 300 P7 trucks in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

October 18, 2023 | 1:37 pm

ETHUSD

Carlos Vivas, director and senior principal engineer at The Depository Trust & Clearing Corporation (DTCC), will be a speaker at Benzinga's Future of Digital Assets conference on Nov. 14. Vivas has a vast experience in blockchain technology and has co-founded several tech companies. He will be part of the panel titled 'Digital Asset Security: Navigating the Institutional Landscape'.

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 1:30 pm

CELC

Celcuity Inc. (NASDAQ:CELC), a clinical-stage biotechnology company, has announced a private placement expected to generate around $50 million in gross proceeds. An institutional investor will purchase pre-funded warrants to buy shares of Celcuity's common stock at $8.699 per warrant. The proceeds will be used to advance clinical development of gedatolisib and for general corporate purposes. The closing of the private placement is expected to occur on October 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 1:16 pm

WBD

Warner Bros. Discovery's (NYSE:WBD) short percent of float has risen by 6.04% since its last report, with 97.53 million shares sold short, which is 4.04% of all regular shares available for trading. It would take traders 3.36 days to cover their short positions on average. The company's short interest is less than its peer group average of 7.37%.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 1:00 pm

DATS

DatChat (NASDAQ:DATS), a secure messaging, social media, and metaverse company, has received a Notice of Allowance from the U.S. Patent and Trademark Office for its patent application titled 'Technology platform for providing secure group-based access to sets of digital assets.' The patent will protect the core technology that will power DatChat's secure personal and enterprise data archive platform, expected to launch in early 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:34 pm

GFS

GlobalFoundries has been awarded $35 million in funding from the U.S. government to accelerate the manufacturing of next-generation GaN chips.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:32 pm

SPY

The Building Permits for September have decreased by 4.4%, compared to a 6.8% increase in the previous month.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:31 pm

SPY

USA Housing Starts for September increased by 7.0%, a significant improvement from the prior month's decrease of 12.5%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:31 pm

SPY

USA Housing Starts for September were reported at 1.358M, lower than the estimated 1.380M and higher than the prior figure of 1.269M.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:30 pm

ATH

ATI

ATI has announced its plans to purchase group annuity contracts from Athene Annuity and Life Company and Athene Annuity & Life Assurance Company of New York. This move will transfer approximately 85% of ATI's U.S. qualified defined benefit pension plan obligations to Athene.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 12:20 pm