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PACW

PacWest Bancorp has sold its Civic Financial Services unit to Roc360, a real estate lending firm. The deal closed on Tuesday, but the terms were not disclosed. This comes after PacWest's announcement in January to restructure Civic to improve profitability and risk profile.

Portfolio Pulse from Vandana Singh

May 24, 2023 | 1:20 pm

GOOG

GOOGL

ZM

AI startup Anthropic has raised $450 million in Series C funding led by Spark Capital, with participation from Alphabet Inc, Salesforce Ventures, Sound Ventures, and Zoom Ventures. The funding will be used to expand its product line, assist companies deploying Claude, and advance AI safety research.

Portfolio Pulse from Akanksha Bakshi

May 24, 2023 | 1:19 pm

AMAM

Ambrx Biopharma (NASDAQ: AMAM) has entered into a securities purchase agreement with Darwin Global Management for the sale of 5.4 million American Depositary Shares at $13.93 per share, raising $75 million. The proceeds will be used to fund R&D, working capital, and general corporate purposes.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 12:31 pm

MRVI

TriLink BioTechnologies is expanding its manufacturing capabilities with a new 32,000-square-foot, cGMP-grade facility nearing completion. This will boost the company's mRNA manufacturing capacity.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 12:19 pm

DOMH

Dominari Holdings Inc. (NASDAQ:DOMH) has appointed Kyle Wool as CEO of Dominari Securities LLC, its wholly-owned broker dealer and registered investment advisor. Wool previously spearheaded the acquisition of several divisions of Fieldpoint Private for Dominari Inc. in March.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 12:04 pm

CWH

Camping World Holdings (CWH) is initiating a review of its capital allocation strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 11:34 am

KMDA

Kamada Ltd. announced a $60 million private placement with FIMI Opportunity Funds, a leading Israeli private equity firm. The funds will be used to support Kamada's growth strategy and strengthen its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 11:07 am

BTCUSD

Global search interest in Bitcoin has reached its lowest level since 2021, with Google Trends data showing a decline from a peak score of 100 in May 2021 to 18 at the time of writing. This decline highlights the challenges faced by the cryptocurrency sector amid decreasing prices in 2022.

Portfolio Pulse from Mehab Qureshi

May 24, 2023 | 11:06 am

KMDA

Kamada Ltd. announced a $60 million private placement with FIMI Opportunity Funds. The funds will be used to support the company's growth and development plans.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2023 | 11:05 am

GD

HII

General Dynamics Electric Boat, a unit of General Dynamics Corporation (NYSE:GD), has won a $1.076 billion contract modification from the U.S. Navy for providing long-lead-time material and advanced construction for Virginia-class fast-attack submarines. The unit has been constructing these submarines in collaboration with Newport News Shipbuilding, a division of Huntington Ingalls Industries, Inc (NYSE:HII).

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2023 | 10:58 am