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On Thursday, September 14, U.S. markets ended higher with the Dow surging over 300 points, driven by strong performance of the U.S. consumer sector and recent retail sales data. Asian markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 recording gains, while China's Shanghai Composite and Shenzhen CSI 300 declined. European shares rose following the European Central Bank's indication of ending its rate hike cycle. Commodities were mixed, with Crude Oil WTI, Natural Gas, Gold, and Silver trading higher, while Copper declined. U.S. futures were mixed, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

September 15, 2023 | 11:40 am

ARM

Arm Holdings has seen its shares trading higher following its recent Initial Public Offering (IPO) on Thursday.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 11:32 am

KMPR

Kemper Corporation has appointed Bradley T. Camden, its Senior Vice President and Treasurer, as the interim Chief Financial Officer. The company is also initiating a formal search process for a permanent CFO.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 11:01 am

JNJ

NVS

PFE

Novartis AG's shareholders have approved the 100% spin-off of Sandoz, planned for October 4, 2023. Sandoz plans to introduce at least five additional biologic drugs to enhance its attractiveness to investors. The company aims to bring five biosimilars to market within the next two years. Sandoz is the world's second-largest biosimilar manufacturer, behind Pfizer Inc. The company's adjusted core profit margins for 2023 are expected to be 18%-19%, down from 21.3% in 2022, but aims to rebound to 24%-26% by 2028.

Portfolio Pulse from Vandana Singh

September 15, 2023 | 10:54 am

NI

NiSource Inc. plans to remarket its Series C Mandatory Convertible Preferred Stock as part of its 2021 Equity Units offering. The company states that this move aligns with its long-term financial plan.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 10:43 am

ARM

Instacart is considering revising its IPO target price upwards to $28 - $30 per share, following the successful IPO debut of Arm Holdings Plc. The company's shares are expected to start trading on the Nasdaq exchange under the ticker 'CART'. If the higher pricing is pursued, Instacart's fully diluted valuation could reach nearly $10 billion. This decision reflects the growing investor appetite for IPOs. The company's revenue grew by 31% to $1.5 billion, with advertising and other businesses contributing to about 24% of this growth.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 10:19 am

NVS

Novartis has announced a dividend-in-kind distribution where shareholders and ADR holders will receive one Sandoz share for every five Novartis shares or one Sandoz ADR for every five Novartis ADRs.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 9:49 am

NVS

Novartis shareholders have approved the proposed 100% spin-off of Sandoz. In connection with the spin-off, shareholders also approved a reduction of share capital.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 9:48 am

MNSO

MINISO Group has announced plans to repurchase up to $200 million in value of its outstanding ordinary shares and American Depositary Shares over a period of 12 months.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 9:21 am

KEYS

Morgan Stanley analyst Meta Marshall has upgraded Keysight Techs (NYSE:KEYS) from Equal-Weight to Overweight and announced a price target of $165.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 9:02 am