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MKTX

MarketAxess Holdings Inc. (NASDAQ:MKTX) has announced its plans to acquire Pragma, a provider of quantitative trading technology. The acquisition is expected to accelerate the development of quantitative execution algorithms and data-driven analytics for fixed-income. Pragma's algorithmic trading platform and technology team will help MarketAxess enhance its execution algorithms and analytics across all fixed-income products. The transaction is expected to close in the fourth quarter.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:37 pm

IOBT

IO Biotech, Inc. (NASDAQ:IOBT) has announced a private placement financing deal expected to generate approximately $75 million in gross proceeds. The deal involves the sale of 37,065,647 shares of common stock and accompanying warrants at a price of $2.025 per unit. The proceeds will extend the company's cash runway into Q4 2025. Morgan Stanley and Piper Sandler acted as joint placement agents for the financing.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:33 pm

AAPL

GOOG

GOOGL

Apple Inc is increasing its focus on generative AI and is hiring for multiple roles across various locations to work on large language models for iPhones and iPads. The company aims to leverage cutting-edge AI technologies for mobile. Apple's CEO, Tim Cook, has emphasized the importance of AI and machine learning in their products. The company is also focusing on privacy-preserving AI experiences on mobile devices. Apple is reportedly working on AI tools that could compete with those of OpenAI Inc and Alphabet Inc.

Portfolio Pulse from Anusuya Lahiri

August 07, 2023 | 12:26 pm

QSI

Quantum-Si has announced that its Q2 cash and cash equivalents, and investments in marketable securities total $297.2M. This is expected to provide a financial runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:10 pm

BTCUSD

WTCUSD

A 2021 video from Worldcoin University is circulating on Reddit, arguing that Worldcoin (CRYPTO: WLD) is superior to Bitcoin (CRYPTO: BTC). The video claims that Worldcoin is more accessible than Bitcoin, which is often held by wealthy individuals. Worldcoin's transition out of beta saw a significant increase in weekly global World ID verifications, indicating growing interest. However, the project's use of iris scans for identification and its signup procedures have faced criticism.

Portfolio Pulse from Mehab Qureshi

August 07, 2023 | 12:05 pm

NEPT

Neptune Wellness Solutions Inc. has announced the second phase of its review process, which will consider all available alternatives, including the monetization of assets, partnerships, and/or acquisition of the remaining parts of Sprout Organics through an equity/debt transaction.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 12:04 pm

BTCUSD

ETHUSD

Veteran trader Peter Brandt predicts that 99.8% of altcoins will become worthless, similar to the fate of HEX coin. This follows a lawsuit by the SEC against Richard Schueler, alias Richard Heart, who is associated with HEX, PulseChain, and PulseX. The SEC alleges that Schueler conducted three unregistered securities offerings since 2019, raising over $1 billion. Schueler is accused of defrauding investors by misusing their funds for personal gain.

Portfolio Pulse from Mehab Qureshi

August 07, 2023 | 11:59 am

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) plans to acquire 113 acres of land in Denver for $33 million to expand its pilot training facility. The company is buying two parcels, one located just outside Denver International Airport with access to its Flight Training Center. The move is part of the company's 'big plans' to grow.

Portfolio Pulse from Nabaparna Bhattacharya

August 07, 2023 | 11:50 am

FFNTF

4Front Ventures Corp. (OTCQX:FFNTF) (CSE:FFNT) announced that CFO Keith Adams will leave the company effective July 31, 2023. Nicole Frederick will assume the CFO position on an interim basis. The company has recently reduced its annualized cost structure by approximately $9 million.

Portfolio Pulse from Vuk Zdinjak

August 07, 2023 | 11:49 am

NVST

Envista Holdings Corporation (NVST) has announced its intention to offer $435 million in aggregate principal amount of convertible senior notes due 2028 in a private offering to qualified institutional buyers.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 11:44 am