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Bitcoin (BTC) traded lower, falling below the key $30,000 level, while Ethereum (ETH) traded above the key $1,900 mark. Stellar (XLM) was the top gainer over the prior 24 hours, while 1inch Network (1INCH) was the biggest loser. The global crypto market cap rose to $1.2 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 1:41 pm

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The article reports on recent leadership changes in the US cannabis industry. The Cannabis Regulators Association (CANNRA) has announced new leadership and expanded membership. Maryland Governor Wes Moore has made key appointments to two new cannabis-related agencies. Minnesota is preparing for marijuana legalization with the appointment of a new director for its regulatory agency. The Arkansas Medical Marijuana Commission has a new member. There have been board changes at Decibel Cannabis Company, High Tide Inc., Cresco Labs, Glass House Brands, and Craftport Cannabis Corp. Scotts Miracle-Gro Company has appointed a new board member. Unrivaled Brands, iAnthus Capital Holdings, PharmaCielo, and MedMen Enterprises have also made key appointments.

Portfolio Pulse from Jelena Martinovic

July 19, 2023 | 1:29 pm

MTB

M&T Bank Corporation (NYSE:MTB) reported Q2 FY23 revenue of $2.60 billion, beating the consensus of $2.39 billion. Net income of $867 million was significantly higher than $218 million a year ago, largely due to the sale of its Collective Investment Trust (CIT) business which resulted in a pre-tax gain of $225 million. The bank's shares are trading higher by 2.02% at $137.48 in premarket trading.

Portfolio Pulse from Lekha Gupta

July 19, 2023 | 1:19 pm

PBLA

Panbela Therapeutics has sold certain assets in its Eflornithine Pediatric Neuroblastoma Program to US WorldMeds for $9.5 million, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:55 pm

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PBLA

Carvana (CVNA) has reached an agreement with noteholders to eliminate over 83% of 2025 and 2027 unsecured note maturities, reducing cash interest expense by over $430M per year for the next two years. Panbela Therapeutics (PBLA) will receive up to $9.5M for divesting assets within its Eflornithine Pediatric Neuroblastoma Program to US WorldMeds. AT&T (T) shares are trading higher after the company confirmed less than 10% of its nationwide copper-wire telecom network has lead-clad cables.

Portfolio Pulse from ryanfaloona@benzinga.com

July 19, 2023 | 12:33 pm

SPY

USA Housing Starts for June were reported at 1.434M, lower than the estimated 1.480M and the prior figure of 1.559M.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:31 pm

SPY

The number of building permits issued in the USA for June was 1.440 million, lower than the estimated 1.490 million and the prior figure of 1.496 million.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 12:30 pm

PBLA

Panbela Therapeutics (NASDAQ:PBLA) has divested certain assets in its eflornithine pediatric neuroblastoma program to US WorldMeds, a Kentucky-based specialty pharmaceutical company. Under the agreement, Panbela is entitled to receive up to approximately $9.5 million non-dilutive funding in exchange for the sale of these assets. Payments will be made upon USWM's successful completion of milestones related to eflornithine's clinical development, regulatory approval, and commercial sales.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:22 pm

ETHUSD

An Ethereum ICO participant deposited 61,216 Ethereum, worth $116 million, to the cryptocurrency exchange, Kraken, after 8 years of dormancy. The initial investment of $18,961.76 surged by approximately 619,009% due to Ethereum’s current market price of $1,918 per token. This large deposit could signify the intention to actively trade or convert the holdings, potentially impacting market liquidity and the overall price movement of Ethereum.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 12:20 pm

CISO

CISO Global, Inc. (NASDAQ:CISO), a managed cybersecurity and compliance provider, has acquired SB Cyber Technologies, LLC, a cybersecurity company specializing in emerging government and military grade capabilities. SB Cyber's CHECKLIGHT®, an Endpoint Detection and Response (EDR) technology, will be added to CISO Global's portfolio. This acquisition marks the seventeenth for CISO Global since its inception in 2019.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 12:16 pm