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Apple Inc has signed a long-term deal with British chip designer Arm Ltd for chip technology that extends beyond 2040. Arm, backed by Softbank Group Corp, plans a $52 billion U.S. IPO in 2023. Apple uses Arm's technology to design custom chips for its devices. Taiwan Semiconductor Manufacturing Company Ltd, a leading contract chip maker and Apple supplier, is considering investing in Arm's IPO.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 12:31 pm

ALXO

ALX Oncology Holdings Inc. (NASDAQ:ALXO) has announced a realignment of its executive leadership team. Jason Lettmann, a member of the Board of Directors, will succeed Jaume Pons, Ph.D. as Chief Executive Officer, effective September 6, 2023. Dr. Pons will transition to the role of Chief Scientific Officer and remain President. The company is advancing its lead platform asset, evorpacept, to the later stages of clinical development.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:17 pm

HOG

Harley-Davidson, Inc. (NYSE:HOG) has announced an additional share repurchase authorization of up to 10 million shares of common stock. This is in addition to the existing share repurchase authorization approved in February 2020, of which 5.8 million shares remained as of June 30, 2023.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:01 pm

MDLZ

Mondelez International, Inc. (MDLZ) announced at the Barclays Global Consumer Staples Conference that it sees potential to at least double its store count in China. The company also plans to price at replacement cost and protect small unit price points in emerging markets.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:57 am

DWAC

Shareholders of Digital World Acquisition Corp. (DWAC) have voted in favor of an extension amendment.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:36 am

SJ

Scienjoy has announced a strategic investment of $3M to acquire a 30% equity interest in Dubai-based metaverse company DVCC. This acquisition marks a transformative chapter for Scienjoy as it embraces the metaverse evolution.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:27 am

MRSN

Mersana Therapeutics has announced that Martin Huber will take over as President and CEO, replacing Anna Protopapas who is set to retire. Both Huber and Protopapas will remain on Mersana's Board of Directors after the transition.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:06 am

TRVN

Trevena has announced the receipt of a $15 million non-dilutive tranche. This financial boost could potentially be used to fund the company's operations and growth strategies.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:02 am

RPD

Rapid7 has priced an upsized offering of $260 million convertible senior notes due 2025. The initial conversion rate for the notes is 13.6106 shares of common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $73.47 per share.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:56 am

SEED

Origin Agritech Ltd. (NASDAQ:SEED) has completed an agreement with Beijing Changping Technology Innodevelop Group (BC-TID) to convert approximately $19 million in debt into equity in a joint venture. The transaction does not involve any aspects of Origin's seed business and technology, nor does it result in the issuance of any new shares of Origin Agritech Ltd.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:52 am