Streetbeat News

Assets

TSM

Deep-pocketed investors are showing significant interest in Taiwan Semiconductor (NYSE:TSM) with a mix of bullish and bearish options activities. The options activity suggests a potential price range of $120 to $250. TSM's stock is currently up 0.96% at $173.08, with RSI indicators hinting at an overbought condition.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 2:04 pm

BTCUSD

MSTR

MicroStrategy has acquired an additional 18,300 BTC, achieving a 4.4% BTC yield quarter-to-date and 17.0% year-to-date. The company's total Bitcoin holdings now amount to 244,800 BTC.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:19 pm

CTOR

RDY

Dr. Reddy's Laboratories has agreed to defer a milestone payment from Citius Oncology, Inc. related to the FDA approval of LYMPHIR, as per their 2021 Asset Purchase Agreement. The payment, originally due on September 9, 2024, will be deferred without penalty pending further discussions.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:40 pm

INMB

INmune Bio Inc. (NASDAQ:INMB) announced a $13M registered direct offering involving the sale of common stock and warrants to institutional investors and insiders. The proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:30 pm

LFSWF

Lifeist Wellness Inc. has sold its CannMart business to Simply Solventless Concentrates Ltd. to focus on its core mission of transforming human wellness. The sale includes a $500,000 cash payment, 2 million units of Simply Solventless, and a $1.7 million promissory note. Lifeist aims to allocate more resources towards growing Mikra while benefiting from Simply Solventless' success.

Portfolio Pulse from Nina Zdinjak

September 13, 2024 | 12:19 pm

NCNC

noco-noco Inc (NASDAQ:NCNC) has entered into a standby equity line of credit with Arena Investors, allowing it to issue and sell up to $150 million in shares. This move enhances financial flexibility and supports the commercialization of X-SEPATM.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:04 pm

DZSI

DZS announced that Misty Kawecki will step down as CFO at the end of September, with Brian Chesnut named as the interim CFO. The company has completed its financial restatement and is focusing on its regional strategy in North America, EMEA, and ANZ.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:01 pm

EIPX

HAP

SHEL

Shell PLC is facing a $310 million compensation claim from Nigerian communities for allegedly violating a court order by selling its onshore assets in the Niger Delta. The communities have petitioned the Federal High Court in Abuja to halt the sale until a compensation lawsuit is resolved.

Portfolio Pulse from Lekha Gupta

September 13, 2024 | 11:55 am

GOLD

Barrick Gold (NYSE:GOLD) plans to complete a feasibility study for expanding its Lumwana copper mine by the end of the year, with construction starting in 2025. The expansion aims to double plant throughput and increase copper output, enhancing Barrick's position in the copper market. The project is expected to significantly boost cash flow and yield a high internal rate of return.

Portfolio Pulse from Stjepan Kalinic

September 13, 2024 | 11:50 am

ELAN

Elanco anticipates minimal supply disruption in 2024 despite the insolvency of its contract manufacturing partner, TriRx. Elanco is collaborating with administrators to maintain operations and ensure employee payments at the Speke site.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 11:35 am