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PFE

Pfizer, Inc.'s (NYSE:PFE) plant in Rocky Mount, North Carolina, has reportedly suffered heavy damage from a tornado. The company is assessing the impact on production. The site is one of the largest sterile injectable product facilities. The company's employees at the site are safe. PFE shares are trading higher by 0.14% to $36.49 in the premarket session on the last check Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 12:58 pm

AAL

American Airlines expects to take delivery of 23 new mainline aircraft in 2023, all of which are now financed. The company anticipates its total capital expenditure in 2024 to be between $3B-$3.5B.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:44 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) has announced a series of strategic cost-saving measures, including a 33% reduction in workforce, to improve its financial performance and accelerate its path to profitability. The company expects to realize annual run-rate cost savings of over $5.0 million. The measures also include streamlining operations, reducing non-essential expenses, and optimizing use of existing resources.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:43 pm

PGY

Pagaya has announced an asset-backed security (ABS) worth approximately $800 million, bringing its total raised this year to $3.9 billion. This is the first PAID transaction to achieve an AA-rating. To date, Pagaya has raised over $17 billion in ABS funding, making it the leading issuer of personal loan ABS transactions in the U.S.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:40 pm

WKSP

Worksport Ltd. (NASDAQ:WKSP) has completed its first assembly line and is set to start production in three weeks. This is the first of five planned assembly lines, each of which will increase the company's capacity. The company's CEO, Steven Rossi, stated that this achievement is a testament to the team's dedication and the groundwork laid at their West Seneca, New York facility. The next three weeks will see a flurry of activity as newly hired personnel undergo their final phase of training.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:17 pm

LGVN

Longeveron (LGVN) has announced the appointment of Lisa Locklear as its new Executive Vice President and Chief Financial Officer, effective from July 31.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:15 pm

CTLT

Elliott Investment Management has acquired a significant stake in Catalent Inc (NYSE:CTLT) and is advocating for a major overhaul of the board. This comes during a challenging period for Catalent, which has faced setbacks including the departure of its CFO, unexpected costs, operational challenges, and a 19% decline in revenue. In response, Catalent has appointed a new CFO and is implementing cost-cutting measures.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 12:08 pm

RKDA

Arcadia Biosciences (NASDAQ:RKDA) has initiated a strategic review to explore potential transactions and strategies to maximize long-term shareholder value. Options may include an acquisition, company sale, merger, business combination, asset sale, joint venture, licensing arrangement, capital raise or other strategic transaction. The company anticipates Q2 revenue of $1.3M-$1.5M and has $18.8M in cash and cash equivalents. Arcadia is also streamlining operations and exiting body care brands ProVault and SoulSpring, expected to save $3M-$4M annually.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 12:08 pm

CASI

CASI Pharmaceuticals has acquired all rights and global intellectual property rights related to CB-5339 from Cleave Therapeutics. CASI will also assume responsibility for the US CB-5339 Investigational New Drug Application.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 12:07 pm

CAMP

NATI

NEON

PBTS

WKEY

The article lists five tech stocks that are currently oversold, according to the Relative Strength Index (RSI), and may present a buying opportunity. The companies are National Instruments Corporation (NATI), CalAmp Corp. (CAMP), WISeKey International Holding AG (WKEY), Neonode Inc. (NEON), and Powerbridge Technologies Co., Ltd. (PBTS). The stocks have RSI values below 30, indicating they may be undervalued.

Portfolio Pulse from Lisa Levin

July 20, 2023 | 11:24 am