Streetbeat News

Equity Actions

AKU

INVO

LICY

LMDX

RVMD

XRTX

US stocks traded lower with the Dow Jones index falling over 100 points. The Chicago Fed National Activity Index increased to +0.02 in September from -0.22 in the prior month. LumiraDx Limited, INVO Bioscience, and Akumin Inc. saw their shares rise after various strategic collaborations and agreements. Li-Cycle Holdings Corp., Revolution Medicines, and XORTX Therapeutics saw their shares drop due to halted projects and clinical trial data.

Portfolio Pulse from Lisa Levin

October 23, 2023 | 1:43 pm

DSX

Diana Shipping Inc. (NYSE:DSX) has announced its participation in a joint venture to own and operate offshore wind vessels. The venture has ordered two Commissioning Service Operation Vessels (CSOVs) from VARD and holds the option to acquire two more. Partners in the venture include Blue Star Group GmbH & Cie. KG, SeaRenergy Offshore Holding GmbH and SeraVerse GmbH. The transaction is subject to negotiation of definitive documentation and satisfaction of customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:23 pm

ASO

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) announced a change in its executive leadership. Sam J. Johnson, the current Executive Vice President of Retail Operations, will become President, succeeding Michael P. Mullican, who is stepping down to pursue other opportunities. Johnson's responsibilities will include oversight of retail operations, real estate & construction, and logistics & supply chain. Eric Friederich has been promoted to Senior Vice President of Retail Operations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:20 pm

CVX

HES

In a recent CNBC interview, Hess CEO John Hess stated that the company's deal with Chevron is the right long-term decision for shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:19 pm

HARP

Harpoon Therapeutics Inc's stock is trading higher after the company announced updated data from a trial evaluating its cancer drug, HPN328. The drug showed a confirmed response rate of 35% across all tumor types. The company also announced a private placement of PIPE equity of up to $150 million, expected to result in initial gross proceeds of $100 million with an additional $50 million available upon exercise of warrants.

Portfolio Pulse from Adam Eckert

October 23, 2023 | 1:18 pm

FATH

Fathom Digital Manufacturing has appointed Carey Chen as its new CEO, effective immediately. He replaces Ryan Martin, who is no longer serving as the company's CEO or as a member of the board. Martin's last day will be October 31, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:17 pm

LIN

Linde has announced a new $15 billion buyback program.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 1:12 pm

AMTD

AMTD Idea Group has announced that AMTD Group and the executive officers of AMTD IDEA and AMTD Digital will not sell any equity securities. Additionally, the Chairman of AMTD Group has confirmed that he will not sell any of his holdings in the open market for the next 5 years.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:54 pm

AMTD

HKD

AMTD IDEA Group (NYSE:AMTD) and AMTD Digital Inc. (NYSE:HKD) announced that they have received commitments from relevant parties, including AMTD Group and their executive officers, not to sell any equity securities they own in AMTD IDEA and AMTD Digital in the open market for three years. Dr. Calvin Choi, through his holding company Infinity Power Investments Limited, has committed not to sell any of his holdings for five years. The companies are committed to their 'IDEA' strategy and are confident in their core values and long-term sustainability.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:46 pm

TM

Toyota Motor Corp (NYSE:TM) has urged the Indian government to reconsider tax rates on hybrid vehicles, which are currently taxed at 43% compared to 5% for electric vehicles (EVs). Toyota argues that hybrid vehicles are less polluting than petrol cars and should receive better policy treatment. The company is looking to increase its production of hybrids in India, but the current tax structure and the high cost of hybrid parts make production expensive. The news comes as the Indian government is pushing for more EV production with financial incentives.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 12:37 pm