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VBIV

VBI Vaccines shares are trading lower after the company was granted protection under Canada's CCAA by the Ontario Superior Court. The company received approval for a DIP loan, and Ernst & Young was appointed as the monitor during the restructuring process.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:21 pm

VBIV

VBI Vaccines has been granted protection under Canada's Companies' Creditors Arrangement Act (CCAA) by the Ontario Superior Court. The company has also received approval for a debtor-in-possession (DIP) loan, and Ernst & Young has been appointed as the monitor during the restructuring process.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:55 pm

RCL

Royal Caribbean Cruises Ltd. (NYSE:RCL) has announced the pricing of an upsized $2 billion offering of 6.000% senior unsecured notes due 2033. The proceeds will be used to refinance certain senior notes due 2029. The issuance is expected to close around August 12, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:31 am

GOVT

The U.S. national debt has reached a record high of $35.01 trillion, increasing by over $7.2 trillion since President Joe Biden took office. Economist Peter Schiff highlighted the rapid debt accumulation compared to previous administrations. The iShares U.S. Treasury Bond ETF (GOVT) saw a slight increase in its price.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 6:36 am

USHY

Investors are pouring capital into junk corporate bonds, betting on Federal Reserve rate cuts. The iShares Broad USD High Yield Corporate Bond ETF (USHY) has seen record inflows, but stretched valuations pose risks if rate cuts don't materialize.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 8:40 pm

SPY

The US government has reduced its borrowing estimate for the July-September quarter to $740 billion from the previously projected $847 billion.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 7:05 pm

TWOU

2U, Inc. (NASDAQ:TWOU) shares are trading higher after the company filed for Chapter 11 bankruptcy protection last week. The company has reached a deal to cut its debt by 50% and secure $110 million in new capital. Despite the bankruptcy filing, the stock is rebounding on heavy volume.

Portfolio Pulse from Erica Kollmann

July 29, 2024 | 5:13 pm

FXB

FXY

This week, the Federal Reserve, Bank of Japan, and Bank of England are set to meet, with potential interest rate changes on the horizon. The Federal Reserve is expected to keep rates unchanged but may signal future cuts. The Bank of Japan might proceed with a small rate hike, while the Bank of England faces a tight decision between holding rates steady or enacting a rate cut.

Portfolio Pulse from Piero Cingari

July 29, 2024 | 4:16 pm

NFLX

Netflix has filed for a debt shelf with the SEC, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:19 pm

SGML

Sigma Lithium Corporation (NASDAQ:SGML) has secured a $22.4 million low-interest export financing deal with Banco do Brasil. This financing will help Sigma reduce its recurring interest expenses and improve its competitiveness.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:05 am