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Equity Actions

VRAX

Virax Biolabs Group Limited (NASDAQ:VRAX) has appointed Dr. Nigel McCracken as its new Chief Operating Officer (COO). Dr. McCracken, who has over 10 years of experience in diagnostics and has held operational roles at multinational healthcare companies including Abbott Laboratories, will succeed Mr. Cameron Shaw. Shaw is moving to Virax's Advisory Board. Dr. McCracken will lead the company's growth initiatives, including the expected near-term research-use-only launch of ViraxImmune™. Mark Ternouth, Virax's current Chief Technology Officer, will be joining the company's Board of Directors.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 11:48 am

WBA

Walgreens Boots Alliance's CEO, Rosalind Brewer, has announced her immediate resignation. The current Lead Independent Director, Ginger Graham, will serve as the interim CEO.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 11:34 am

AVGO

DELL

MDB

NTNX

OXM

QQQ

SPY

U.S. stocks are expected to open higher on Friday, with optimism surrounding a potentially favorable non-farm payrolls report. Tech earnings released after Thursday’s close elicited mixed reactions. Energy stocks may see some strength as oil prices continue to rise. The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.34% to $451.89 and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.16% to $378.59 in premarket trading. Stocks in focus include Nutanix, Inc. (NASDAQ:NTNX), Broadcom, Inc. (NASDAQ:AVGO), Dell Technologies, Inc. (NYSE:DELL), MongoDB, Inc. (NASDAQ:MDB), Oxford Industries, Inc. (NYSE:OXM), PagerDuty, Inc. (NYSE:PD), and SentinelOne, Inc. (NYSE:S).

Portfolio Pulse from Shanthi Rexaline

September 01, 2023 | 11:25 am

ORGS

Orgenesis has agreed to issue and sell 2 million shares at $0.50 per share in a private placement. The company has received gross proceeds of $1 million from this transaction.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 11:10 am

HITI

High Tide Inc. has announced an at-the-market equity offering program of up to C$30 million. The program is intended to fund strategic initiatives and will replace the previous program.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 10:05 am

LIZI

LIZHI INC. (NASDAQ:LIZI), an audio-based social and entertainment platform, has announced plans to change the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares from 1:20 to 1:200. This change will have the same effect as a one-for-ten reverse ADS split for LIZHI's ADSs holders. The change is expected to take effect at the opening of business on September 20, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:34 am

ARMK

Citigroup analyst James Ainley has upgraded Aramark (NYSE:ARMK) from Neutral to Buy and raised the price target from $45 to $47.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 9:15 am

AVGO

DELL

LULU

MDB

NTNX

Dell, Lululemon, MongoDB, Broadcom, and Nutanix reported better-than-expected earnings, with Dell, Lululemon, and MongoDB raising their outlooks. However, Broadcom issued a weak forecast for the current quarter. Nutanix announced a $350 million share repurchase program.

Portfolio Pulse from Lisa Levin

September 01, 2023 | 8:00 am

ADTX

Aditxt has announced a $10M private placement priced at-the-market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 5:32 am

STLA

The U.S. Department of Energy has announced a $15.5 billion funding package to help automakers upgrade their factories for electric vehicle (EV) production. The package includes $2 billion in grants, $10 billion in loans, and $3.5 billion for EV battery manufacturing. The announcement comes after United Auto Workers (UAW) members from Ford Motor Co, General Motors Co, and Stellantis NV authorized a potential strike for fair transition to EVs.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 3:06 am