Streetbeat News

Assets

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

CVNA

PBLA

T

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

BTCUSD

The article discusses the potential gains if someone had invested $100 in Bitcoin (BTC) during its crash in 2013, which could now be sufficient to pay off their student debt loans. The cost of college education has steadily increased over the past three decades, leading to a rise in student loan balances. The article also mentions the current trading price of Bitcoin.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 12:08 pm

CISS

MCOM

SOS

UP

Four industrials stocks, C3is Inc. (CISS), Micromobility.com Inc. (MCOM), SOS Limited (SOS), and Wheels Up Experience Inc. (UP), are considered oversold with their RSI values below 30, indicating potential for growth in Q3. Recent developments include C3is's acquisition of an Aframax Tanker, Micromobility's permit renewal in Palermo, SOS Limited's FY22 revenue report, and Wheels Up's licensing rights acquisition by Portside.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 11:47 am

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB), a rival to Dogecoin (CRYPTO: DOGE), has seen a rise in the crypto market throughout 2021, despite a significant decline from its all-time high. Owning less than $10 worth of SHIB can get you over a million SHIB tokens. The Shiba Inu protocol has seen a sharp increase in whale transactions, with a surge of 25.72% within the past week. The burn rate of Shiba Inu has also spiked significantly, with a 300% increase over the past 24 hours due to the burning of 109 million SHIB tokens.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 11:32 am