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VTGN

Citadel Advisors LLC has reported a 5.6% stake in VistaGen Therapeutics, according to a 13G filing. This news has led to an increase in VistaGen's share price.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:33 pm

CMMB

Chemomab Therapeutics Ltd has filed for a mixed shelf of up to $200 million, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:28 pm

ATVI

MSFT

Microsoft Corporation (MSFT) and Activision Blizzard, Inc. (ATVI) have announced the commencement of private exchange offers and consent solicitations in connection with their previously announced merger. Microsoft is offering to exchange any and all outstanding notes issued by Activision Blizzard for up to $3.65 billion aggregate principal amount of new notes issued by Microsoft and cash. Activision Blizzard is soliciting consents from eligible holders to adopt certain proposed amendments to each of the corresponding indentures governing the existing Activision Blizzard notes.

Portfolio Pulse from Happy Mohamed

October 16, 2023 | 8:21 pm

XXII

22nd Century Group, Inc. (XXII) has announced a proposed public offering. The terms of the offering have not been disclosed yet.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:06 pm

VTGN

Citadel Advisors LLC has reported a 5.6% stake in VistaGen Therapeutics, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 8:05 pm

ALL

Allstate's stock price is increasing after a report indicated that Trian Fund Management has acquired a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:54 pm

IQV

IQVIA Hldgs Inc.'s shares are currently trading at $198.31, marking a 0.53% decrease. Despite a 4.66% decrease over the past month, the stock has risen by 8.04% over the past year. The company's P/E ratio is 34.25, lower than the industry average of 64.34, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 7:45 pm

ALL

Trian Fund Management has acquired a stake in Allstate Corp, according to Reuters. The exact size and value of the stake have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:40 pm

CELJF

EIS

IZRL

SMWB

The ongoing Israel-Hamas conflict has led to a tense situation with US Secretary of State Antony Blinken and Israeli Prime Minister Benjamin Netanyahu seeking refuge in a bunker during their meeting due to air raid sirens. The Pentagon has issued 'prepare to deploy' orders to approximately 2,000 US troops. Iran has signaled readiness for a broader conflict. The humanitarian situation in Gaza is rapidly approaching catastrophe. The Israeli shekel has experienced its sixth consecutive decline, reaching an eight-year low. Israel-related stocks fell, with the iShares MSCI Israel ETF (EIS) falling 0.6% and the ARK Israel Innovative Technology ETF (IZRL) rising 0.6%. Similarweb Ltd. (SMWB) was the top performer among Israeli stocks, while Cellcom Israel Ltd. (CELJF) was the worst performing.

Portfolio Pulse from Piero Cingari

October 16, 2023 | 7:38 pm

ARKK

ARKQ

ARKW

GOOG

NVDA

TSLA

Ark Invest CEO Cathie Wood has expressed preference for Tesla over Nvidia as the top AI play for the next five years. Wood believes Tesla has more upside than Nvidia, despite the latter's 220% year-to-date increase in 2023. She sees potential for Tesla's revenue and margin expansion, particularly with future autonomous efforts. Wood also mentioned that Nvidia might face pressure on future growth due to its already realized margin expansion. Ark Invest sold its stake in Nvidia in January 2023, missing out on a significant move for the tech stock.

Portfolio Pulse from Chris Katje

October 16, 2023 | 6:58 pm