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TM

Toyota Motor Corporation (TM) plans to sell 20% of its stake in KDDI, a deal worth approximately $1.8 billion. The move is part of Toyota's strategy to streamline its assets and focus on its core business.

Portfolio Pulse from Charles Gross

July 28, 2023 | 9:07 am

SNY

Sanofi has revised its full-year 2023 business EPS guidance upward, now expecting it to grow by mid-single-digit at CER, barring unforeseen major adverse events. This includes an estimated €400 million of expected one-off COVID vaccine revenues in the second half of the year. However, the currency impact on 2023 business EPS is estimated between -6.5% to -7.5%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 7:08 am

INZY

Inozyme Pharma has priced its public offering of 12.5 million common stocks at $4.80 per share.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 6:28 am

TNXP

Tonix Pharmaceuticals has priced its public offering of 7 million common shares at $1 per share. The closing of the public offering is expected to occur on or about August 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 6:15 am

EWQ

VGK

France's consumer spending for June increased by 0.9%, surpassing the estimated 0.1% and the prior 0.6%.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 5:32 am

F

GM

TSLA

Despite a 30% YoY decrease in the resale value of used Tesla vehicles, CEO Elon Musk remains unconcerned. Analysts suggest this trend could drive buyers towards competitors like Ford and GM. Tesla continues to lead the market, breaking quarterly production and delivery records while reducing prices. However, industry experts believe Tesla's challenges could intensify over time, potentially driving buyers towards competitors.

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 3:41 am

ACCD

ARKF

ARKG

SOFI

SURF

Ark Invest, led by Cathie Wood, purchased 133,191 shares of SoFi Technologies Inc (NASDAQ:SOFI) worth $1.2 million, despite Morgan Stanley's recent downgrade of the company. The purchase was made through Ark Fintech Innovation ETF (NYSE:ARKF). Ark Invest's ARK Genomic Revolution ETF (BATS:ARKG) also bought 25,078 shares of Accolade Inc (NASDAQ:ACCD) and sold 916 shares of Surface Oncology Inc (NASDAQ:SURF).

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 1:43 am

WM

Waste Management, Inc. (NYSE:WM) has priced a public offering of $2 billion aggregate principal amount of senior notes. The notes, guaranteed by Waste Management Holdings, Inc., have been assigned ratings of A- by Standard & Poor's, BBB+ by Fitch and Baa1 by Moody's. The offering is expected to close on August 3, 2023. The proceeds will be used to repay borrowings and for general corporate purposes.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 10:37 pm

AJRD

MSGS

Madison Square Garden Sports (MSGS) is set to replace Aerojet Rocketdyne (AJRD) in the S&P SmallCap 600, effective prior to the opening of trading on Tuesday, August 1.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:05 pm

FIXX

Homology Medicines is planning to evaluate strategic options and has reduced its workforce by 87%. The company's drastic downsizing could be a sign of financial distress.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:33 pm