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MBOT

Microbot Medical Inc. (NASDAQ:MBOT) has received a $440,000 grant from the Israel Innovation Authority to support the development of the manufacturing process for its LIBERTY Robotic Surgical System. This is the first time Microbot has received approval for a grant for 'transition from development to manufacturing' program.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:18 pm

BA

Boeing CEO Dave Calhoun stated that resolving supply chain constraints is frustratingly slow and aircraft will still be constrained 5 years from now due to demand from airlines. The 787 Dreamliner is sold through 2026, and it's hard to predict the eventual production rate for the 777x.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:17 pm

AMLI

American Lithium Corp reported a Q4 EPS of $(0.05) compared to $(0.03) YoY, and a FY23 EPS of $(0.17) compared to $(0.13) YoY. Total assets increased slightly, while total liabilities decreased.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:15 pm

CTRE

CareTrust REIT, Inc. (NYSE:CTRE) has acquired a 105-unit, two-facility memory care portfolio in Ohio and Michigan for approximately $21.1 million. The acquisition was funded using proceeds from the company's $600 million unsecured revolving credit facility.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:02 am

KBR

KBR has announced agreements to repurchase $100 million of its $350 million 2.50% convertible senior notes due November 1, 2023. The transactions will result in a net outflow of approximately $188 million and will contain the cost of this proportion of the ultimate Notes maturity in November 2023. After the repurchases, $250 million in aggregate principal amount of Notes will remain outstanding.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 10:02 am

EVOTF

Evotec SE has received a $1.7 million grant from Open Philanthropy to discover and develop RNA-targeting small molecules as potential first-in-class therapeutics against Henipaviruses.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 7:15 am

SHY

VGSH

Peter Schiff, chief economist at Euro Pacific Capital, warns investors that U.S. Treasuries will not provide a safe haven in current times. Treasury yields declined on Thursday, while iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) and Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) gained. Schiff also commented on the gold rally, suggesting the recent correction is over.

Portfolio Pulse from Bhavik Nair

June 02, 2023 | 5:16 am

DIS

WEN

Trian co-founder and CIO Ed Garden has stepped down from his position, while Nelson Peltz and Peter May will remain as CEO and President, respectively, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 01, 2023 | 9:02 pm

ACHC

Acadia Healthcare (NASDAQ: ACHC) has appointed Heather Dixon as its new CFO, effective July 10, 2023, succeeding David Duckworth who is stepping down. The company also reaffirmed its full year fiscal 2023 guidance.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:46 pm

DAR

Darling Ingredients announced that pending permits and execution of definitive agreements, construction of its new project is expected to begin in early 2024 and be completed in 2025.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:30 pm