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SDIG

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) has reported a 43% growth in Bitcoin mining, with 626 Bitcoin mined in Q2 2023. The company has also energized 2,000 Avalon 1346 Bitcoin mining rigs as part of its Canaan Bitcoin Mining Agreement. Stronghold is evaluating opportunities to fill its remaining data center slots and expects to fill its existing 4 EH/s of data center capacity by Q3 2023.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:35 pm

SRPT

Sarepta Therapeutics, Inc. (NASDAQ:SRPT) has completed the sale of its Rare Pediatric Disease Priority Review Voucher (PRV) for $102 million. The PRV was awarded by the FDA following the approval of ELEVIDYS for the treatment of Duchenne muscular dystrophy. The proceeds from the sale will be invested into R&D efforts to support the development of more transformative therapies.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:32 pm

MGLD

The Marygold Companies, Inc. (NYSE:MGLD) has appointed Ian Gass as Chief Product Officer for its UK operations. The company plans to launch its mobile banking and financial services app in the UK in 2024 through its Marygold & Co. (UK) subsidiary. The app offers FDIC-insured accounts, contactless payment options, and other features. Gass has extensive experience in the fintech sector, having co-founded an open banking fintech business and held senior positions at Goldman Sachs and Bank of New York Mellon.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:21 pm

BG

CVX

Bunge (NYSE:BG) and Chevron's Renewable Energy Group Inc., a subsidiary of Chevron Corporation (NYSE:CVX), have acquired Argentina-based seed business Chacraservicios from the Italian-based Adamant Group. The acquisition will add a new oil source to Bunge and Chevron's global supply chains and help meet the growing demand for lower carbon renewable feedstocks.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:18 pm

HUDI

Huadi International Group Co., Ltd. (HUDI) has entered into an investment agreement with Songyang County Economic Development and Investment Group Co., Ltd. to build a 'Future Factory' in Zhejiang Province, China. The factory will occupy approximately 50 acres with a total investment of approximately RMB1 billion. The project is expected to produce 60,000 tons of stainless steel seamless tubes and special alloy steel products annually. The Songyang County local government will provide supportive policies for the construction of the project, including infrastructure construction subsidies and equipment investment incentives.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:16 pm

BA

EADSY

Airbus SE is investing in its U.K. innovation capabilities with the opening of a new Wing Technology Development Centre at its Filton site in southwest England. The facility will help Airbus design wings for next-generation aircraft. This follows Boeing's plans to launch an elongated, ultra-light concept called Transonic Truss-Braced Wings. Airbus, however, is facing challenges in bringing down costs.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2023 | 12:15 pm

BIG

Big Lots, Inc. (NYSE:BIG) has entered into a $318M sale and leaseback agreement with Blue Owl Capital for its distribution center in Apple Valley, CA, and 26 owned store locations. The transaction is expected to close within 45 days. The company plans to use the net proceeds to pay down its synthetic lease on the Apple Valley distribution center and to pay down debt on its asset-based lending revolving credit facility.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:11 pm

ARVL

NKLA

PTRA

RIDE

TSLA

Nikola Corp's stock is trading lower following reports of its plans to liquidate the assets of battery maker Romeo Power, which it bought less than a year ago. The company has been struggling with high commodity costs and limited access to capital. Other EV startups, including Arrival and Lordstown Motors, are also facing challenges. In contrast, Tesla has exceeded market expectations for Q2 deliveries.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 11:54 am

BABA

BIDU

IQ

TCEHY

Alibaba Group is conducting a strategic review of its video streaming platforms Youku and Tudou, considering options to inject the assets into Alibaba Pictures Group Ltd. This comes amidst rivalry with Baidu, IQIYI, and Tencent Holdings. Alibaba's digital media and entertainment business narrowed its losses in the first quarter following Youku's investment in content and production capability.

Portfolio Pulse from Anusuya Lahiri

July 05, 2023 | 11:48 am

DUK

Duke Energy has sold its commercial distributed generation business to Arclight for $364 million.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 11:39 am