Streetbeat News

Assets

ABEO

Abeona Therapeutics has a cash balance of $37.1M and is expected to raise an additional $25M from a registered direct offering. These funds are projected to support the company's operations until Q4 of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:47 am

TRDA

Entrada Therapeutics reported Q2 losses of $(0.78) per share, a 5.41% decrease YoY. The company has $377M in cash, cash equivalents, and marketable securities, providing a cash runway through 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:24 am

FUSN

Fusion Pharmaceuticals reported Q2 cash and investments of $226.5M, which is expected to be sufficient to fund operations into Q2 of 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:09 am

UA

UAA

Under Armour's inventory has increased by 38% to $1.3 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:57 am

ADT

ADT Inc. has announced the sale of its commercial business for $1.6 billion.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:56 am

BEAM

Beam Therapeutics anticipates that its cash, cash equivalents, and marketable securities of $1.1 billion will be sufficient to fund its operating expenses and capital expenditure requirements until at least 2025.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 10:36 am

FLR

Fluor Corp has priced a $500 million aggregate principal amount of 1.125% convertible senior notes due 2029 in a private offering. The company has granted the initial purchasers of the notes an option to purchase up to an additional $75 million principal amount of the notes. The net proceeds from the offering will be approximately $486.3 million. Fluor intends to use a portion of the net proceeds to pay the cost of the capped call transactions and the remainder to repurchase all or a portion of the company's outstanding 2024 notes.

Portfolio Pulse from Shivani Kumaresan

August 08, 2023 | 10:28 am

IGT

International Game Technology (IGT) has been granted U.S. Patent #11721160 for artificial intelligence (AI) implementations that modify user interface elements of a gaming device. This patent could potentially enhance the user experience and increase the competitiveness of IGT's gaming devices.

Portfolio Pulse from Charles Gross

August 08, 2023 | 9:34 am

VGT

VOO

VUG

27-year-old TikTok influencer and investor, Austin Hankwitz, aims to build a $2 million retirement portfolio in eight years, heavily favoring index funds. He has already accumulated $120,174 since starting his investment journey in January. His strategy includes a mix of individual stocks and index funds, with top picks including Vanguard 500 Index Fund ETF (VOO), Vanguard Information Technology Index Fund ETF (VGT), and Vanguard Growth Index Fund ETF (VUG).

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 8:56 am

SOL

SOLUSD

Decentralized exchange Cypher, backed by Solana, lost nearly $1 million in a security breach. The protocol's contracts have been frozen as contributors negotiate with the hackers for a fund return. Marginfi, a Solana trading protocol, clarified it was unaffected by the hack.

Portfolio Pulse from Benzinga Neuro

August 08, 2023 | 7:52 am