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ARWR

Arrowhead Pharmaceuticals has secured a $500M strategic financing facility with Sixth Street, including $400M funded at close and an additional $100M available. This non-dilutive capital will strengthen Arrowhead's balance sheet and support the advancement of its RNAi therapeutics pipeline.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:03 pm

RGNNF

Renergen Limited (OTC:RGNNF), a South African energy company, has announced the full operational status of its liquid helium production train. The facility, which began operations on July 19, positions South Africa among the few countries capable of producing liquid helium for the international market. The company has optimized processes to significantly reduce startup and cooldown timelines. A helium specialist from the United States has been collaborating with Renergen’s team to improve plant performance. The first batch of liquid helium is set for delivery later this month.

Portfolio Pulse from Michael Cohen

August 08, 2024 | 9:00 pm

AXDX

Accelerate Diagnostics, Inc. (NASDAQ:AXDX) announced the successful completion of its WAVE pre-clinical trial, which aims to deliver rapid antimicrobial susceptibility testing (AST) directly from positive blood culture bottles and bacterial isolated colonies. The WAVE system can report accurate results within 4.5 hours, potentially improving patient outcomes, reducing hospital costs, and combating antimicrobial resistance.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:00 pm

AKEMF

Alaska Energy Metals (OTC:AKEMF) has discovered a significant nickel deposit in Alaska, which also includes copper, cobalt, platinum, and palladium. This find could reduce the U.S.'s reliance on imported nickel, crucial for stainless steel and EV batteries. The company is expediting development to meet rising demand driven by electrification.

Portfolio Pulse from Abbey Higginbotham

August 08, 2024 | 8:56 pm

INDI

indie Semiconductor (INDI) expects Q3 2024 revenue to increase by 0%-5%, with a midpoint of 2.5%. The company also anticipates gross margins of approximately 50% and projects a return to industry-leading growth in 2025 and beyond due to its Radar and Vision programs.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:54 pm

FOSL

Fossil Group has reiterated its FY24 worldwide net sales outlook of approximately $1.2 billion. The company expects a negative impact of around $100 million due to the exit from its smartwatch business and the closure of owned retail stores. The fiscal year adjusted operating margin is projected to be between -3% to -5%, but the company anticipates generating positive free cash flow, including $57 million in tax refunds received in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:53 pm

AMPX

Amprius Technologies announced plans to spend an additional $1M-$2M on equipment to support their up to 2 MWH line in Fremont. This investment includes necessary tools to have the cathode line operational by Q4.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:35 pm

LYFT

Analysts have mixed views on Lyft Inc. (NASDAQ:LYFT) following its Q2 earnings report. While some see potential in strategic initiatives like the Price Lock feature, others are cautious due to competitive pressures and pricing effects. Price targets have been revised downwards by Truist Securities, RBC Capital Markets, and J.P. Morgan, reflecting concerns about Lyft's ability to meet long-term growth targets.

Portfolio Pulse from Vaishali Prayag

August 08, 2024 | 8:25 pm

CEG

Whales have shown a bullish stance on Constellation Energy (NASDAQ: CEG) with 62% of recent options trades being bullish. The stock price is currently $187.03, up 4.1%. Analysts have set an average price target of $217.67, with ratings ranging from Overweight to Buy.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 8:19 pm

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UNP

The Park Fire, California's fourth-largest wildfire, has burned over 426,000 acres in Northern California, affecting companies in the insurance, utilities, and logistics sectors. Hanover Insurance Group, Mercury General, PG&E, California Water Service Group, and Union Pacific could face impacts.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 8:11 pm