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DIS

EWS

Disney's unit Lucasfilm's Industrial Light & Magic is set to close its VFX and animation facility in Singapore due to economic factors affecting the industry.

Portfolio Pulse from Charles Gross

August 15, 2023 | 11:59 am

CS

A Russian court has frozen the local assets of Credit Suisse, according to TASS. The details of the case and the potential impact on Credit Suisse's operations are not specified.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:46 am

SPY

VGK

An explosion at a gas station in Russia's Dagestan region has resulted in 35 deaths and dozens of injuries. The incident could potentially impact global energy markets.

Portfolio Pulse from Charles Gross

August 15, 2023 | 11:19 am

AIM

AIM ImmunoTech reported Q2 losses of $(0.10) per share, beating the analyst consensus estimate of $(0.11) by 9.09 percent. The company's cash, cash equivalents, and marketable securities of $28.4M are expected to provide a cash runway into 2024.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:47 am

DFS

Discover Financial Services (NYSE:DFS) shares are down by around 6% following the announcement of CEO and President Roger C. Hochschild's resignation. John Owen, a member of the Discover Board since June 2022, will serve as Interim CEO and President from August 14. Hochschild will remain in an advisory role until the end of the year. J. Michael Shepherd has also joined the company's Board of Directors.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 10:20 am

SDRL

Seadrill Ltd reported a Q2 2023 operating revenue of $414 million, up 56% Q/Q, with economic utilization of 93%. The company also announced contract additions of around $203 million of order backlog during the quarter, bringing the total to roughly $2.6 billion. Seadrill also disclosed the potential sale of three jackup rigs and related stake in its 50:50 joint venture with Gulf Drilling International and sold its three tender-assist units to certain affiliates of Energy Drilling Pte. Ltd. for proceeds of around $85 million. The company authorized a share repurchase program to buy back up to around $250 million.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 9:53 am

ATHE

Alterity Therapeutics Limited has received a A$4.74 million cash refund from the Australian Taxation Office under the Australian Government’s Research and Development Tax Incentive Scheme. The refund is related to the cost of eligible research and development activities conducted during the financial year ended 30 June 2022. The funds will be used to further Alterity’s clinical development and research activities, including the ongoing Phase 2 clinical trials for the Company’s lead drug candidate ATH434 in Multiple System Atrophy.

Portfolio Pulse from Charles Gross

August 15, 2023 | 8:54 am

WK

Workiva Inc. (NYSE:WK) has announced the pricing of its offering of $625 million principal amount of its 1.250% Convertible Senior Notes due 2028. The aggregate principal amount of the offering was increased from the previously announced offering size of $525 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 7:48 am

TSLA

Tesla Inc. (NASDAQ:TSLA) may soon announce a battery material factory in Indonesia, according to Indonesian officials. However, the company's actual plans for the country remain unclear, and circulating rumors have varied significantly. Earlier, Indonesian officials had made similar claims about Tesla’s investments in the country, which didn’t materialize.

Portfolio Pulse from Benzinga Neuro

August 15, 2023 | 3:41 am

PMN

ProMIS Neurosciences' cash and cash equivalents have decreased from $5.9M as of December 31, 2022, to $1.2M as of June 30, 2023.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 9:51 pm