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Pimco suggests that the Chinese economic weakness and falling prices are likely to affect global markets. This could be a near-term positive for Western Central Banks battling inflation.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:31 pm

AMTD

HKD

AMTD Digital Inc. (NYSE:HKD) expects to achieve over 50% increase in net profit for FY23, driven by new business approaches and expansion in media, entertainment, and culture. The company's growth is also attributed to the acquisition of The Art Newspaper and the expansion of L'Officiel Inc. SAS. AMTD IDEA Group's injection of its entire equity interest in AMTD Assets Group into AMTD Digital has also contributed to the company's growth.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:19 pm

SPY

USA Manufacturing Production for July increased by 0.5%, beating the estimate of 0.0% and improving from the previous month's decline of 0.5%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:17 pm

SPY

USA Industrial Production for July has decreased by 0.20% year-on-year, which is worse than the estimated decrease of 0.10% and the prior decrease of 0.43%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:17 pm

SPY

The USA Capacity Utilization Rate for July was reported at 79.3%, higher than the estimated 79.1% and the prior rate of 78.6%.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:16 pm

WINT

Windtree Therapeutics, Inc. (NASDAQ:WINT) is developing istaroxime, a treatment for acute heart failure and cardiogenic shock, and is advancing to the next stage of development after three successful phase 2 trials. The company is also developing a next-generation drug platform based on SERCA2a activators. Windtree recently raised $12.4 million in a public stock offering and received a patent allowance from the USPTO for its dual mechanism SERCA2a activators. The company's Q1 2023 R&D expenses were $1.5 million, down from $5.3 million in Q1 2022.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 1:05 pm

BCTX

BriaCell Therapeutics Corp. has been awarded a grant by the National Cancer Institute to advance its Bria-OTS immunotherapy for cancer. The terms of the grant were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:42 pm

GM

General Motors (GM) has invested in Mitra Chem, an AI-enabled battery materials innovator, as part of a Series B funding round. The investment is aimed at commercializing GM's EV battery production and reducing prices. GM plans to co-develop iron-based cathodes and additional cell chemistries with Mitra Chem. The startup will assist GM in developing lithium manganese iron phosphate (LMFP) cells and lithium iron phosphate (LFP) cells. The investment will also help Mitra Chem scale its operations and speed up the entry of its battery materials formulation into the market.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:40 pm

SPY

USA Housing Starts for July were reported at 1.452M, slightly above the estimated 1.448M and significantly higher than the prior figure of 1.398M.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 12:30 pm

BTCUSD

A dormant Bitcoin wallet containing 1,005 BTC (equivalent to $29.7 million) has become active after nearly 13 years of inactivity. This has sparked speculation that the wallet could be linked to Bitcoin's mysterious creator, Satoshi Nakamoto. The funds have been transferred to another address. At the time of writing, BTC was trading at $29,147, down 1.51% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 12:22 pm