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ASMB

GILD

Assembly Bio has entered into a partnership with Gilead, receiving $100M, which includes an upfront payment of $84.8M and a $15.2M equity investment at a premium of 19.9%.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:43 am

ASMB

GILD

Gilead Sciences and Assembly Biosciences have announced a 12-year partnership to develop antiviral therapies, initially focusing on herpesviruses, Hepatitis B and D. Assembly Bio will receive a $100M upfront payment.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:41 am

DOW

EMN

SMG

Three high-dividend yield materials stocks, Dow Inc. (DOW), The Scotts Miracle-Gro Company (SMG), and Eastman Chemical Company (EMN), have been recommended by Wall Street's most accurate analysts. DOW has a dividend yield of 5.58%, SMG has a yield of 5.39%, and EMN yields 4.31%. Recent news for these companies include DOW's Q2 FY23 sales beating consensus, SMG's executive team reorganization, and EMN's agreement to sell its Texas City Operations for $490 million.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 11:41 am

TUP

Tupperware Brands has appointed Lori Bush, Paul Keglevic, and William Transier to its Board of Directors. This comes as Mark Burgess, Meg Crofton, Deborah Ellinger, and James Fordyce voluntarily step down from the Board.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:37 am

FTRE

Starboard Value has acquired an 8.7% stake in Fortrea Holdings Inc., as revealed by a 13F filing.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:37 am

TUP

Tupperware Brands has appointed Laurie Ann Goldman as its new President, CEO, and a Director of the Board, replacing Miguel Fernandez with immediate effect.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:35 am

CSIQ

Canadian Solar Inc. (NASDAQ:CSIQ) has successfully issued a JPY 18.5 billion green samurai private placement in Japan. The placement has a 3-year tenor with a mix of both semi-annual fixed (1.82% p.a.) and floating (circa 1.49% p.a.) coupons. The Japan Credit Rating Agency has assigned this structured bond with an investment grade rating of 'A-' and certified the issuer with the highest Green 1 rating under the Japanese Green Bond guidelines.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:13 am

KKR

Private equity firm KKR is acquiring a minority economic stake in life sciences company Catalio Capital Management. The terms of the deal were not disclosed. KKR will also invest in Catalio's funds.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:11 am

MAIN

Main Street Capital Corporation (NYSE:MAIN) has announced its preliminary Q3 2023 results, including net investment income (NII) of $0.98-$1.00 per share, distributable net investment income (DNII) of $1.03-$1.05 per share, and net asset value (NAV) of $28.30-$28.36 per share. The company's CEO, Dwayne L. Hyzak, highlighted the strong recurring operating results, a new record for NAV per share for the fifth consecutive quarter, and a return on equity of over 17%. The company also expects to pay a meaningful supplemental dividend in Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 11:09 am

ASAN

HHH

SRRK

Insider trades were noted in Howard Hughes Holdings Inc. (HHH), Scholar Rock Holding Corporation (SRRK), and Asana, Inc. (ASAN). HHH Director William Ackman acquired 116,536 shares for around $7.96 million. HHH plans to spinoff a new division, Seaport Entertainment, by 2024. SRRK's 10% owner Invus Public Equities Advisors LLC acquired 2,199,931 shares for around $15.09 million. SRRK priced its upsized $85 million public offering of 12,408,760 common shares at $6.85 per share. ASAN's President, CEO and Chair Dustin Moskovitz bought 347,802 shares for around $6.24 million. UBS initiated coverage on ASAN with a Neutral rating and a price target of $20.

Portfolio Pulse from Lisa Levin

October 17, 2023 | 11:05 am