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VCYT

Veracyte, Inc. (NASDAQ:VCYT) announced significant findings from 14 studies presented at AUA 2024, demonstrating the effectiveness of its Decipher Prostate and Decipher Bladder Genomic Classifiers in providing better prognostic information for prostate and bladder cancer patients. The studies also highlighted the utility of the Decipher GRID tool in advancing disease understanding. These findings underscore Veracyte's commitment to evidence-based diagnostics and its potential to improve patient outcomes through personalized care.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:30 pm

MWA

Mueller Water Products has announced the appointment of Marietta Edmunds Zakas as its new Chief Executive Officer. This leadership change could signal a new strategic direction for the company, potentially impacting its future growth and operational focus.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:30 pm

WMB

Williams (WMB) projects its Adjusted EBITDA for 2025 to be between $7.2B-$7.6B, with growth capex of $1.65B-$1.95B and maintenance capex of $750M-$850M, including $100M for emissions reduction and modernization. For 2024, it expects Adjusted EBITDA in the top half of $6.8B-$7.1B, with growth capex of $1.45B-$1.75B and maintenance capex of $1.1B-$1.3B, including $350M for similar initiatives. The leverage ratio midpoint for 2024 is anticipated at 3.85x, and the dividend has been increased by 6.1% to $1.90 from $1.79 in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:27 pm

UPS

UPS announced the departure of Chief Financial Officer Brian Newman and is currently searching for a new CFO. This change in leadership could impact UPS's financial strategy and investor confidence in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:15 pm

FTHM

Fathom Holdings Inc. (NASDAQ:FTHM) has sold its insurance business, Dagley Insurance, to its founder Nathan Dagley for $15M, aiming to strengthen its financial position and support growth. The deal includes $8M upfront and $7M over 24 months. Dagley Insurance will continue supporting Fathom Realty's agent network in 47 states, ensuring no change in service for Fathom Realty's agents. This strategic move is expected to provide Fathom with capital to navigate future challenges and pursue growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:13 pm

CVX

Chevron CEO, at the Milken Conference, stated that the energy transition will have inflationary impacts, suggesting potential cost increases in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:42 pm

SONY

PlayStation faced significant backlash after announcing a requirement for Helldivers 2 players on PC to link their Steam accounts to a PlayStation Network (PSN) account, leading to over 14,000 negative reviews on Steam and a review score drop from "mostly positive" to "mixed". Following community outrage, PlayStation reversed the decision, canceling the planned account linking update.

Portfolio Pulse from Franca Quarneti

May 06, 2024 | 7:28 pm

CVX

PXD

XOM

At the Milken Conference, Exxon Mobil's CEO Darren Woods discussed the need for a market-based system for carbon reduction and highlighted that the acquisition of Pioneer will enable Exxon to produce more oil at a lower cost. Chevron's CEO Mike Wirth expressed concerns about the IRA rules, stating they complicate making multi-billion dollar investments and are slowing down processes.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:27 pm

HAP

HJEN

SHEL

Shell plc plans to divest the majority of its shareholding in its South African downstream unit, SDSA, following a comprehensive review of its global businesses. The decision aims to reshape Shell's downstream portfolio. Despite the divestiture, Shell intends to maintain SDSA's operational capabilities and brand presence during the sale process. Shell, with over a century of presence in South Africa, continues to explore offshore opportunities in the country amidst environmental opposition. Additionally, Shell is in discussions to sell its gas station business in Malaysia to Saudi Aramco. Shell's stock has seen a ~19% increase over the past year, and it is featured in the Direxion Hydrogen ETF (HJEN) and VanEck Natural Resources ETF (HAP).

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 6:03 pm

SPY

Citadel's CEO Ken Griffin expressed his hope for having two great presidential candidates in 2028, indicating a focus on the future political landscape.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:53 pm