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CVX

PDCE

Chevron plans to sell its oil and gas assets in Congo for up to $1.5 billion to focus on more profitable production. The company recently signed a deal to acquire PDC Energy for $7.6 billion, including debt.

Portfolio Pulse from Nabaparna Bhattacharya

May 25, 2023 | 12:50 pm

RJF

Raymond James Financial (RJF) aims to exceed $2 trillion in assets under administration by 2030 in its Private Client Group and targets a common dividend of 20-30% of earnings.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:40 pm

RJF

Raymond James Bank reports that 95% of its deposits are FDIC insured, while 88% of total deposits for both Raymond James Bank and Tristate Capital Bank are FDIC insured.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 12:37 pm

BEAT

HeartBeam, Inc. (NASDAQ:BEAT) has received a notice of allowance from the US Patent and Trademark Office for a key patent relating to the AI capability in its HeartBeam AIMIGo System. The patent is for a hand-held device for automatic cardiac risk and diagnostic assessment.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:35 pm

AMTX

Aemetis, Inc. (NASDAQ: AMTX) has resumed production at its 65 million gallon per year capacity Keyes, California ethanol plant after completing extensive maintenance and system upgrades. The upgrades include a new Allen Bradley Decision Control System (DCS) with over 1,100 sensor connections to enhance automation and enable AI management of energy use. The company received $16.7 million in grants from the California Energy Commission and Pacific Gas & Electric for the upgrades.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:22 pm

CLNN

Clene, Inc. (NASDAQ:CLNN) has been awarded a grant from the National Multiple Sclerosis Society (NMSS) to advance the development of its lead drug candidate, CNM-Au8, in non-active progressive multiple sclerosis. The grant will fund Cohort 2 of the REPAIR-MS Phase 2 clinical study, which aims to determine the effects of CNM-Au8 on brain energy metabolites in patients with non-active progressive MS.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:20 pm

ILMN

Activist investor Carl Icahn is reportedly close to securing enough shareholder support to place his nominee, Andrew Teno, on Illumina Inc's board. Icahn, who holds a 1.4% stake in the company, has nominated three candidates for the board, potentially leading to the removal of CEO Francis deSouza and Chairman John Thompson. Icahn has previously called for management changes and the divestment of Grail Inc.

Portfolio Pulse from Vandana Singh

May 25, 2023 | 12:19 pm

BTCUSD

Mysterious Bitcoin wallets have transferred over $1 billion worth of Bitcoin to unknown wallets in six massive transactions over the past 24 hours. The identity of the parties involved remains unknown.

Portfolio Pulse from Mehab Qureshi

May 25, 2023 | 12:17 pm

FCEL

FuelCell Energy Opco Finance 1 secured a financing agreement with multiple banks for a term loan facility and a letter of credit facility totaling $87M. The funds will be used to repay existing debts, re-acquire projects, and provide $46.1M in unrestricted cash for FuelCell Energy, Inc.

Portfolio Pulse from Happy Mohamed

May 25, 2023 | 12:11 pm

CVX

Chevron has launched the sale of its oil and gas assets in Congo, which could raise up to $1.5 billion.

Portfolio Pulse from Charles Gross

May 25, 2023 | 11:38 am