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CELC

Celcuity plans to initiate a Phase 3 clinical trial to evaluate Gedatolisib in combination with a CDK4/6 inhibitor and Fulvestrant. Additionally, the company has amended its existing debt facility agreement, securing an additional term loan of approximately $62 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:25 am

KSS

Kohl's has updated its 2024 financial outlook, expecting net sales to decrease by 2%-4% and comparable sales to decrease by 1%-3%. The company also revised its EPS guidance to $1.25-$1.85, down from the previous $2.10-$2.70. Capital expenditures are projected at $500 million, and a quarterly dividend of $0.50 per share has been declared.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:11 am

CM

CIBC's Q1 provision for credit losses increased to C$514 million, up C$76 million from the same quarter last year. The rise is attributed to higher provisions in U.S. Commercial Banking and Wealth Management, and Canadian Personal and Business Banking.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:34 am

BRKR

Bruker Corporation has announced the pricing of a public offering of 6 million shares of common stock. The company plans to use the proceeds to reduce its debt, particularly to repay part of its outstanding borrowings under a revolving credit agreement.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 6:21 am

MCHP

Microchip Technology has priced $1.1 billion of convertible senior notes due 2030. The notes will bear interest at 0.75% per year, payable semi-annually starting December 1, 2024. The notes will mature on June 1, 2030, unless earlier redeemed, repurchased, or converted. Microchip cannot redeem the notes before June 5, 2027.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:56 am

MDT

Medtronic, Inc. has priced an offering of €3 billion in senior notes with varying maturities and interest rates. The proceeds will be used for general corporate purposes, including debt repayment.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:13 pm

SLB

Schlumberger has issued $500 million of 5.000% senior notes due in 2034, as reported in their Form 8-K filing.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 8:38 pm

PLNT

Planet Fitness plans to refinance its debt by issuing $600 million in Series 2024-1 Fixed Rate Senior Secured Notes, with the potential to increase to $800 million depending on market conditions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 8:37 pm

SPY

TLT

The Federal Reserve's latest Beige Book indicates modest economic expansion from April to mid-May, with mixed results across various sectors. Key upcoming data releases include the second estimate of Q1 GDP and the PCE price index. Wall Street showed no major reaction, but rising Treasury yields impacted investor sentiment, leading to declines in the iShares 20+ Year Treasury Bond ETF (TLT) and the SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Piero Cingari

May 29, 2024 | 7:53 pm

HLTH

Cue Health Inc (NASDAQ:HLTH) shares plummeted by 24.9% to $0.07 after the company filed for Chapter 7 bankruptcy to wind down its business. The company also terminated its Loan and Security Agreement, which included a $100 million secured revolving credit facility and a $20 million letter of credit subfacility.

Portfolio Pulse from Henry Khederian

May 29, 2024 | 7:36 pm