Streetbeat News

Equity Actions

RDHL

RedHill Biopharma Ltd. (NASDAQ:RDHL) has announced a registered direct offering for the purchase and sale of 1,301,923 of the Company's American Depositary Shares (ADSs) at a purchase price of $1.35 per ADS. The company has also agreed to exercise its existing Class A warrants for 1,500,000 ADSs at a reduced exercise price of $1.35 per ADS. The transactions are expected to close on July 25, 2023, and are expected to generate approximately $3.8 million in gross proceeds.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:36 pm

CORN

SOYB

SPY

VGK

WEAT

Russia's Deputy Foreign Minister has stated that the country is ready to explore all possibilities regarding alternative grain export variants. This could potentially impact the global grain market.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:32 pm

VSTO

Vista Outdoor Inc has announced that it is on track to separate its Outdoor Products and Sporting Products segments into two publicly traded companies in 2023.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:07 pm

VSTO

Vista Outdoor Inc. (NYSE:VSTO) has appointed Eric Nyman, former COO and president of Hasbro Inc., as CEO of its Outdoor Products segment, effective Aug. 21. Nyman will lead the new Outdoor Products Company following a planned separation later this year. Interim CEO Gary McArthur will focus on the planned separation and become chairman of the board of the new company post-split.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:03 pm

TMP

Tompkins Financial Corporation has announced a stock repurchase program of 400,000 shares at $0.10 per share.

Portfolio Pulse from Benzinga Newsdesk

July 21, 2023 | 1:03 pm

SCLX

SRNEQ

Sorrento Therapeutics (OTC:SRNEQ) has launched a voluntary offering for dividend short holders of its non-debtor public subsidiary, Scilex Holding Company (NASDAQ:SCLX). The offering allows these holders to purchase restricted Scilex stock to cover their short positions. The deadline to participate is July 27, 2023. The offering is made pursuant to a Registration Statement on Form S-1 previously filed by Scilex and declared effective by the SEC.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 1:01 pm

AXP

American Express CFO has announced that the company expects double-digit growth in travel and entertainment spending for the rest of the year.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 12:44 pm

WSBC

WesBanco, Inc. (NASDAQ:WSBC) has announced that President and CEO Todd F. Clossin and Senior Executive Vice President and COO Jeffrey H. Jackson have entered into new and amended employment agreements as part of the company's CEO succession plan. Clossin, who has served as CEO since 2014, will become a Vice Chairman of the company's Board of Directors effective August 1, 2023, and will retire on December 31, 2023. Jackson, who joined WesBanco in August 2022, will take over as CEO and has entered into a new three-year revolving term Employment Agreement.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 12:32 pm

AAPL

AMZN

CMCSA

NFLX

PARA

SONY

Hollywood writers and actors are striking against studios and streamers over a fair labor contract. Mary Trump, the niece of former President Donald Trump, has voiced her support for the striking Hollywood workforce. The Screen Actors Guild and American Federation of Television and Radio Artists have been on strike since July 14, demanding higher pay amid inflation. Studios including Comcast Corp.'s NBCUniversal, Paramount Global, Apple, Inc., Netflix, Inc., Amazon, Inc. and Sony Group Corp.'s Sony Pictures Entertainment have failed to negotiate pay raises for performers.

Portfolio Pulse from Shanthi Rexaline

July 21, 2023 | 12:24 pm

AAPL

GOOG

GOOGL

MSFT

Microsoft CEO Satya Nadella's earnings have exceeded $1 billion, largely due to the company's stock surge and strategic investment in OpenAI's ChatGPT. Microsoft's shares have gained over 1,000% since Nadella became CEO in 2014, with a nearly 50% surge in 2023. A significant portion of Nadella's earnings comes from equity grants tied to performance and service time. Other tech CEOs, including Apple's Tim Cook and Alphabet's Sundar Pichai, have also seen significant paydays due to stock-based compensation plans.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 12:01 pm