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BYDDF

BYDDY

Chinese EV manufacturer BYD Co, backed by Warren Buffett, plans to invest $620 million in Brazil's Camaçari industrial complex. The company will start operations in three factories simultaneously, creating over 5,000 jobs. The factories, set to start operations in 2024, will produce electric buses and trucks, hybrid and electric automobiles, and focus on lithium and iron phosphate processing. This move is expected to boost domestic production in Brazil and provide more competitive local prices.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2023 | 12:39 pm

ABL

Abacus Life, Inc. (NASDAQ:ABL), a buyer of life insurance policies and alternative asset manager, has announced that its common stock and warrants will begin trading on Nasdaq under the symbols 'ABL' and 'ABLLW'. This follows the completion of its business combination with East Resources Acquisition Company (ERES). The company's management team will participate in an opening bell ceremony at Nasdaq on July 13, 2023.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:36 pm

CMC

NX

PGTI

SNOW

Insiders at Commercial Metals Company (CMC), Snowflake Inc. (SNOW), Quanex Building Products Corporation (NX), and PGT Innovations, Inc. (PGTI) have recently sold significant amounts of shares. While insider sales can sometimes indicate concern about a company's prospects, they can also be part of a preplanned sale. Each of these companies has had recent notable events, such as better-than-expected results or new partnerships.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 12:31 pm

EFSH

1847 Holdings LLC announced the pricing of a $1.869 million public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 12:29 pm

ASST

Asset Entities Inc. (NASDAQ:ASST), a provider of digital marketing and content delivery services, has entered into a common stock purchase agreement with Triton Funds LP for an investment of up to $1 million. The agreement allows Asset Entities to sell its class B common stock to Triton through September 30, 2023. The proceeds will be used for general corporate and working capital purposes.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:17 pm

MDXG

MiMedx Group, Inc. (NASDAQ:MDXG) has appointed Doug Rice as its new Chief Financial Officer, effective immediately. Rice replaces Pete Carlson, who has resigned from the position. Rice brings with him a wealth of experience, having served as CFO for Orthofix Medical and Vision Source, among others. The company expects Rice's appointment to drive its continued momentum and capitalize on strategic opportunities.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:14 pm

TRSSF

TerrAscend Corp. (OTCQX:TRSSF) (TSX:TSND) has started trading its common shares on the Toronto Stock Exchange under the ticker symbol 'TSND'. The company believes this will provide greater access to a broader group of investors. Additionally, TerrAscend has closed its third and final tranche of private placements, raising approximately $21 million in total.

Portfolio Pulse from Vuk Zdinjak

July 05, 2023 | 12:10 pm

TLIS

Talis Biomedical Corporation (NASDAQ:TLIS) has announced a 1-for-15 reverse stock split of its common stock, effective at 5:00 p.m. Eastern time on July 5, 2023. The move is primarily intended to increase the company's per share market price to regain compliance with the minimum per share bid price requirement for continued listing on The Nasdaq Capital Market. The reverse stock split will reduce the number of issued and outstanding shares of the company's common stock from approximately 26.9 million to approximately 1.8 million.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 12:06 pm

TRNR

Bradley Wickens, a notable hedge fund manager and founder of Broad Reach Investment Management, has increased his stake in Interactive Strength Inc. (NASDAQ:TRNR), a premium digital smart home fitness company. Wickens, who started with a 10% ownership stake, has made a series of purchases since the company's IPO in May, recently acquiring 20,000 shares at an average price of $5.71. This insider buying is often viewed as a positive sign for the company's future growth and share price. Another UK-based investment firm, Block.one, also recently purchased TRNR shares.

Portfolio Pulse from shashankjacob@benzinga.com

July 05, 2023 | 12:00 pm

EWG

INTC

SOXX

Germany's Finance Minister Olaf Scholz has indicated that there are other chip projects in the works by German and other companies. The specific companies involved were not mentioned in the article.

Portfolio Pulse from Charles Gross

July 05, 2023 | 11:29 am