Streetbeat News

Assets

RDHL

RedHill Biopharma has announced additional U.S. Government funding for the development of Opaganib nuclear countermeasure. This news has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:45 am

RDHL

Redhill Biopharma's Opaganib, a medical countermeasure for gastrointestinal acute radiation syndrome, has been awarded an additional $1.7M in US government funding. The funding comes via a Small Business Innovation Research grant to its partner, Apogee Biotechnology.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 11:06 am

FXI

SPY

China's State Financial Regulatory Administration has announced that it will remove restrictions preventing overseas non-financial institutions from investing in financial asset management firms. It will also abolish the total asset requirement for overseas financial institutions as investors of financial asset management companies.

Portfolio Pulse from Charles Gross

July 21, 2023 | 9:25 am

EWJ

Japan's Nikkei 225 index closed lower by 0.57% at 32,304.25. The country's consumer inflation increased slightly from 3.2% to 3.3% in June. The USD/JPY exchange rate was up 0.04% to 140.12.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 6:51 am

RTX

Collins Aerospace, a unit of Raytheon Technologies (RTX), has opened a $14 million expansion of its additive manufacturing center in West Des Moines, Iowa.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:40 am

IBRX

ImmunityBio has announced a $40M equity financing deal with institutional investors. The funds will be used to provide further working capital for the company.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 5:36 am

PAYC

PRGS

Paycom Software is currently evaluating the impact of a vendor incident, which includes certain remediation expenses and other potential liabilities.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:35 pm

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), is currently the world's richest person, with the majority of his wealth coming from his stake in Tesla. Musk's wealth is now estimated at $255 billion. To equal 1% of Musk's wealth, an investor would need to own 9,460,379.93 shares of Tesla, which currently trade at $264.26. This would represent around 0.3% of Tesla, currently valued at $838.5 billion. As of December 2022, Musk owned 423,622,432 shares of Tesla, around 13.4% of the company.

Portfolio Pulse from Chris Katje

July 20, 2023 | 9:25 pm

FUL

H.B. Fuller plans to close three manufacturing facilities and redistribute production as part of a strategic restructuring. The restructuring will begin in Q3 2023 and is expected to be completed by 2026. The restructuring costs are estimated at $20 million pre-tax, which will be spread across several fiscal quarters. The restructuring is expected to result in annualized cost savings of approximately $20 million pre-tax, with most charges and savings recognized in fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 9:17 pm

MAPS

WM Technology has announced the appointment of Mary Hoitt as Interim CFO on July 16.

Portfolio Pulse from Charles Gross

July 20, 2023 | 8:55 pm