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Crypto analyst predicts a 170% upside for Dogecoin by 2024. Google accidentally leaks a 360-degree view of the upcoming Pixel 8 Pro. Cathie Wood's Ark Invest continues to sell Shopify and Nvidia shares, while buying Spotify stock. Coinbase-incubated Base faces a major outage but assures no funds are at risk. Tesla, GM, Ford are among automakers targeted by NHTSA over faulty airbag inflators. Tesla raises the price of its Yoke steering wheel amidst recent Model S, X price adjustments.

Portfolio Pulse from Akanksha Bakshi

September 06, 2023 | 1:13 pm

RWT

Redwood Trust, Inc. (NYSE:RWT) has announced the launch of Aspire, its in-house home equity investment (HEI) origination platform. Aspire aims to expand Redwood's reach in the residential housing market by providing consumers access to their home equity with no additional monthly payment obligations. Redwood plans to directly originate HEI through its nationwide network of loan officers and direct to consumer origination channels. Since 2019, Redwood has purchased approximately $350 million in HEI and procured a $150 million dedicated HEI financing facility in 2022.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:57 pm

AAPL

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SFTBF

TROW

Arm Holdings, backed by SoftBank, has launched its roadshow for its IPO, aiming for a valuation of up to $52 billion. The roadshow started in Baltimore, the headquarters of T. Rowe Price, which has been a key player in significant IPOs. SoftBank plans to offer 95.5 million American depository shares of Arm for $47 - $51 each. Arm has secured Apple, Nvidia, and Alphabet as cornerstone investors in its IPO. The market will closely watch the IPO for how Arm manages its relationship with its China business amid ongoing technology tensions.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 12:52 pm

AMC

AMC Entertainment Holdings Inc. has entered an equity distribution agreement for up to 40 million shares at an at-the-market program, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 12:51 pm

ENZ

Enzo Biochem, Inc. (NYSE:ENZ) announced the resignation of its CEO, Hamid Erfanian, effective September 5, 2023. The company's COO, Kara Cannon, will assume the role of interim CEO. Erfanian led the company through the divestiture of Enzo Clinical Lab, Inc. Cannon, with over thirty years of experience in the healthcare sector, aims to expand the product line and grow sales at Enzo Life Sciences.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:47 pm

NYCB

New York Community Bancorp, Inc. (NYSE:NYCB) has promoted Julie Signorille-Browne to Senior Executive Vice President and Chief Operating Officer. She joined the company in 2021 and has over three decades of experience in bank operations, process improvement, and M&A integration. In her new role, she will be responsible for information technology and human resources and will oversee the Flagstar and Signature Bank conversions.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:42 pm

NTIP

ILiAD Biotechnologies has reported the first-ever demonstration of protection against B. pertussis colonization in a Phase 2b Human Challenge study of its BPZE1 vaccine. Network-1 Technologies, which has invested $7 million in ILiAD, announced the news. This investment represents approximately 6.8% of the outstanding units of ILiAD on a non-fully diluted basis.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:39 pm

AMC

AMC Entertainment Holdings, Inc. has entered into an equity distribution agreement to sell up to 40 million shares of its Class A common stock through an 'at-the-market' offering program.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 12:35 pm

AAPL

SFTBF

TSM

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