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ANDE

BMY

COIN

SLB

Insider sales were reported at Bristol-Myers Squibb (BMY), Schlumberger (SLB), Coinbase Global (COIN), and The Andersons (ANDE). These sales could indicate concerns about the companies' prospects or overpricing of the stocks. BMY's Reblozyl was approved by the FDA for initial anemia treatment. SLB secured a five-year contract from Petrobras. COIN acquired an equity stake in Circle, the co-founder of the USD Coin. ANDE announced a Q4 2023 cash dividend.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:32 pm

GSAT

PDD

TIGR

PDD Holdings reported Q2 adjusted EPADS of $1.44, beating the $1.01 estimate, and sales of $7.21B, beating the $6.07B estimate. Globalstar appointed Dr. Paul Jacobs as CEO and announced an agreement to license XCOM Labs technology. UP Fintech Holding reported Q2 adjusted EPADS of $0.10, beating the $0.04 estimate, and sales of $66.05M, beating the $44.65M estimate.

Portfolio Pulse from ryanfaloona@benzinga.com

August 29, 2023 | 12:30 pm

TNET

TriNet Group, Inc. (NYSE:TNET) has announced the preliminary results of its fixed price tender offer to repurchase up to 5,981,308 shares of its common stock, representing approximately $640 million in value, at a price of $107.00 per share. The company also entered into a repurchase agreement with Atairos Group, Inc., its largest stockholder, to purchase at least 3,364,486 shares, representing approximately $360 million in value. The total shares to be acquired in the tender offer and the share repurchase represent approximately 16% of the company's outstanding shares.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:30 pm

GSAT

QCOM

Paul E. Jacobs, founder of XCOM Labs and former CEO and Executive Chairman of Qualcomm, has taken over as CEO of Globalstar.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:16 pm

GSAT

Globalstar, Inc. (NYSE:GSAT) has appointed Dr. Paul Jacobs, founder and CEO of XCOM Labs and former CEO of Qualcomm, as its new CEO. Globalstar has also licensed XCOM Labs' technology to enhance its terrestrial wireless efforts. The company aims to accelerate and expand its ability to develop commercial applications and enter a broader range of end markets. The licensing agreement will be paid with approximately 60 million shares of Globalstar common stock.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:13 pm

GOEV

GOOG

GOOGL

Canoo (NASDAQ:GOEV), an advanced mobility company, has chosen Google Cloud as its primary cloud service provider. Canoo will use Google Cloud's AI, data management, and security technologies to maximize the value of data from its electric vehicles. Canoo has also selected Onix as an implementation partner to optimize its manufacturing processes. The partnership will be further discussed at Google Cloud Next conference.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:12 pm

FXI

SPY

China has requested the U.S. to reduce export controls on technology and retract an executive order on outbound investment. However, the U.S. has rejected these requests, according to Reuters citing Raimondo.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 12:03 pm

WMPN

William Penn Bancorporation (NASDAQ CM:WMPN) has announced a new stock repurchase program to acquire up to 1,138,470 shares, or approximately 10% of the company's currently issued and outstanding common stock. The new program was authorized following the completion of the company's previous stock repurchase program on August 28, 2023. The repurchases will be conducted through open market purchases or privately negotiated transactions, depending on market conditions and other factors.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 11:58 am

SPIKE

TSLA

Tesla, Inc (NASDAQ:TSLA) showed signs of a potential new uptrend after forming a higher high on Monday, August 22. The stock had been trending lower since July 19 but reversed course on August 21. However, the stock market's reaction to this week's economic data could influence Tesla's trend. Traders can use MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), to play the potential volatility in the stock market.

Portfolio Pulse from Melanie Schaffer

August 29, 2023 | 11:47 am

OMGA

Omega Therapeutics, Inc. (NASDAQ:OMGA) has announced the appointment of Chris Schade as Chairman of the Board, succeeding Noubar Afeyan, Ph.D. Additionally, Michelle C. Werner will join Omega's Board to support the company's growth.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 11:30 am