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CPSH

CPS Technologies Corporation (NASDAQ:CPSH) has received a phase I SBIR award, valued at approximately $200,000, from the U.S. Department of Energy. This is the company's first grant from this agency and the fifth SBIR/STTR award since such work became a priority for CPS a little over a year ago. The study, entitled 'Modular Radiation Shielding for Transportation and Use of Microreactors,' will be led by Matthew Karnick, a materials scientist at the Company.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:21 pm

CNDT

HQY

Conduent Incorporated (CNDT) and HealthEquity, Inc. (HQY) have entered into an agreement to transfer BenefitWallet's Health Savings Account (HSA) portfolio to HealthEquity. The deal, worth approximately $425 million, includes the transition of about 665,000 customer accounts and their $2.7 billion of HSA assets. The transfer is expected to close in multiple tranches during the first half of 2024, subject to regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:17 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) has received approval to transfer its common shares listing from the Nasdaq Global Select Market to the Nasdaq Capital Market. This move is expected to allow the company an additional 180 days to regain compliance with the Nasdaq Listing Rule 5450(a)(1). Aurora also announced that it has agreed to repurchase an aggregate of roughly CA$13 million ($9.6 million) principal amount of its convertible senior notes. This is part of the company's strategy to reduce its debt and boost financial stability.

Portfolio Pulse from Jelena Martinovic

September 19, 2023 | 1:16 pm

KNTE

Kinnate Biopharma Inc (NASDAQ:KNTE) announced pipeline updates, a reprioritization plan, and workforce restructuring to extend the cash runway. The company is prioritizing the exarafenib combination, KIN-8741, and discovery efforts around its CDK4 selective program. Kinnate will pause the development of KIN-7136 and explore strategic alternatives for exarafenib monotherapy and KIN-3248. The company will also reduce its workforce by approximately 70% and take measures to reduce operating expenses. As of June 30, 2023, Kinnate had approximately $204.3 million in cash, cash equivalents and investments.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 1:15 pm

RVNC

Revance Therapeutics Inc has estimated total non-cash impairment charges from goodwill and other assets to be between $80M-$100M. The company anticipates completion of activities, including workforce reduction, by March 31, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:15 pm

RVNC

Revance Therapeutics Inc. anticipates recording a restructuring charge of up to $7M in connection with certain activities, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:14 pm

WMG

Warner Music Group Corp. (NASDAQ:WMG) has announced the appointment of Bryan Castellani as its new Executive Vice President and Chief Financial Officer, effective from October 16. Castellani, who has over two decades of experience at The Walt Disney Company, will succeed Eric Levin, who is retiring in January. Castellani's appointment is expected to bring new insights and strategies to WMG, given his extensive experience in media and finance.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:11 pm

GLDD

Great Lakes Dredge & Dock Corporation (GLDD) has announced the receipt of $177 million in awarded work, bringing its dredging backlog to approximately $1.1 billion to date.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:06 pm

DIS

Walt Disney Co is planning to accelerate and expand investment in its Direct-to-Consumer & International (DPEP) segment. The company believes that its financial condition is strong.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:01 pm

FXI

SPY

U.S. Treasury Secretary Janet Yellen stated that China has some policy space to address its economy, according to MSNBC. This statement could potentially impact the performance of ETFs like FXI and SPY.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:49 pm