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Assets

OCGN

Ocugen has reported having $39.5 million in cash and cash equivalents as of December 31, 2023. This financial update provides insight into the company's liquidity and financial health at the end of the year.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:06 pm

AIM

AIM ImmunoTech announced its financial position as of December 31, 2023, with cash, cash equivalents, and marketable investments totaling $13.1 million. This update provides insight into the company's liquidity and financial health.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:34 am

KSCP

Knightscope announced plans to significantly reduce its payroll expenses by over 30% in 2024 and consolidate its manufacturing operations from 13 facilities down to 1 to enhance process flow and efficiency. This strategic move aims to reduce real estate, inventory, and operating expenses.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:14 am

DNA

Ginkgo Bioworks has acquired Modulus Therapeutics' cell therapy platform assets, including CAR and switch receptor libraries. The terms of the acquisition were not disclosed.

Portfolio Pulse from Charles Gross

April 02, 2024 | 11:10 am

CVX

IYE

XLE

Chevron's joint venture with PDVSA, Petroindependencia, has launched a new drilling campaign in Venezuela, following the U.S. easing oil sanctions on Venezuela. This move is part of Chevron's plan to boost its Venezuela crude output by 65,000 barrels per day by the end of the year. The campaign includes drilling 17 wells, with the CMI14 well being the first. Investors can gain exposure to Chevron through SPDR Select Sector Fund – Energy Select Sector (XLE) and iShares U.S. Energy ETF (IYE). Chevron's stock closed higher by 0.85% at $159.08.

Portfolio Pulse from Lekha Gupta

April 02, 2024 | 11:08 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has become the largest private employer in Austin, Texas, with a workforce of 22,777, marking an 86% increase. The company's Giga Texas employees receive an average annual compensation of $47,147, or $35.75 per hour, with new hires starting at $30.14 per hour. Tesla mandates a minimum wage of $15 per hour for contract labor. This growth contrasts with the Detroit Three automakers, where post-strike agreements have led to projected top wages exceeding $42 per hour by 2028. Tesla's Texas factory, a key manufacturing hub, was developed from a derelict mining area into a sprawling facility.

Portfolio Pulse from Anan Ashraf

April 02, 2024 | 10:56 am

GLD

SPY

USO

On April 1st, U.S. stock markets ended mixed with the Dow and S&P 500 dipping due to concerns over Fed rate cuts timing, influenced by strong manufacturing data raising Treasury yields. The energy sector saw gains with rising crude oil prices, while real estate, healthcare, and utilities sectors declined. Asian and European markets were mixed, with commodities like crude oil and gold reaching new highs. U.S. futures pointed to a lower opening.

Portfolio Pulse from Akanksha Bakshi

April 02, 2024 | 10:44 am

CRDL

Cardiol Therapeutics reported having $34.9 million in cash and cash equivalents as of December 31, 2023, providing sufficient funding for its operations into 2026.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:39 am

CTRE

CareTrust REIT has expanded its portfolio by acquiring three Southern California Continuing Care Retirement Communities (CCRCs) for $60M. The acquisition includes Torrey Pines Senior Living in San Diego for $32.3M, which has been added to CareTrust's master lease with Bayshire. The annual cash rent for the first year is about $2.6M, rising to $3M in the second year, with CPI-based annual escalators thereafter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:11 am

EWU

The U.K. Manufacturing Purchasing Managers Index (PMI) for March was reported at 50.3, surpassing the estimated 49.9 and the previous month's 47.5. This indicates an expansion in the manufacturing sector, as a PMI above 50 signifies growth.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:31 am