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CSWI

TRC

Tejon Ranch Co. (NYSE:TRC) and Majestic Realty Co. have announced a new lease with RectorSeal, LLC, a subsidiary of CSW Industrials, Inc. (NASDAQ:CSWI), at the Tejon Ranch Commerce Center (TRCC). RectorSeal will occupy 240,000 square feet in a 480,000-square-foot industrial facility. This lease is part of a series of transactions at TRCC, which is a 1,450-acre master-planned commercial/industrial development. The move reflects RectorSeal's strategic relocation to be closer to customers and benefit from TRCC's location, amenities, and labor pool. TRCC hosts other major tenants like IKEA and L'Oréal and offers tax rebate incentives.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:31 pm

TCRX

TScan Therapeutics, Inc. (NASDAQ:TCRX) is set to host a virtual KOL event to discuss results from its ongoing Phase 1 trial of TSC-100 and TSC-101, presented at the 65th ASH Annual Meeting. The event will review the therapies designed to treat residual disease and prevent relapse in patients with certain leukemias and syndromes post-transplant. Featured speakers from TScan and City of Hope will participate, and a replay will be available on the company's website.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:22 pm

ALT

HRTS

LLY

NVO

PFE

Pharmaceutical companies are racing to develop obesity treatments, with Novo Nordisk and Eli Lilly seeing significant share price increases due to their obesity drugs. Pfizer's development setback has led to a share price decline, while Altimmune's successful drug tests boosted its shares. Roche acquired Carmot Therapeutics to enter the obesity drug market. The Tema Cardiovascular and Metabolics ETF (HRTS) was launched to track the performance of weight loss drugs and their producers.

Portfolio Pulse from Neil Dennis

December 04, 2023 | 9:20 pm

KAR

OPENLANE, Inc. (NYSE:KAR) has signed an agreement to acquire Manheim Canada from Cox Automotive for approximately $95 million USD. The acquisition includes the Manheim Montreal facility, auction sales, operations, and select staff, as Manheim Canada plans to exit the Canadian market. This move is set to enhance OPENLANE's digital strategy by expanding inventory, data, and customer base, and is expected to deliver accelerated cash flow through asset sale, cost, and operational synergies. The integration will consolidate operations and transition customers and business to OPENLANE's digital marketplace and vehicle logistics centers, excluding other Manheim Canada facilities. OPENLANE will also market and sell its existing Montreal facility to fund a significant portion of the acquisition.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:13 pm

PRPL

Purple Innovation reported sales gains in the high teens for its showroom and high single-digits for its e-commerce channels during the four days following Thanksgiving. The company also reiterated its FY23 revenue guidance of $510M-$520M, which aligns with the estimated $513.37M.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 9:12 pm

TVTX

Travere Therapeutics reported that the FDA indicated the Phase 3 DUPLEX study results for Sparsentan are not sufficient to support a supplemental New Drug Application (sNDA) for FSGS. The company plans to conduct additional analyses of the FSGS data and intends to re-engage with the FDA in 2024.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:11 pm

TVTX

Travere Therapeutics plans to submit a supplemental New Drug Application (sNDA) to the FDA in Q1 2024 for the conversion of the existing US accelerated approval of FILSPARI (Sparsentan) in IgA nephropathy (IgAN) to full approval.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:08 pm

NRIX

Nurix Therapeutics announced a webcast to review data from its Phase 1 clinical trials of BTK degraders, NX-5948 and NX-2127, presented at the 65th American Society of Hematology (ASH) Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 9:02 pm

META

TSLA

During Tesla Inc's (NASDAQ:TSLA) Cybertruck delivery event, a man was arrested for allegedly planning a 'mass casualty' attack. Paul Ryan Overeem, from Florida, made threats on Instagram, owned by Meta Platforms Inc (NASDAQ:META), indicating his intention to attack the event. Overeem was arrested in Austin, Texas, and held on a $300,000 bail. Despite the threat, the event proceeded smoothly, and Tesla confirmed over one million reservations for the Cybertruck, with an expected annual production of 250,000 units by 2025.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 9:01 pm

TTWO

Fans speculate on the release date of GTA VI based on cryptic numbers found in GTA V, with a potential trailer release date of Dec. 5, 2023, and a game launch date of April 1, 2025. Take Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar Games has not confirmed these dates. The company has a history of delaying game releases, as seen with Red Dead Redemption 2 and GTA V. Over 50 thousand people are waiting to watch the GTA VI trailer 17 hours before its release.

Portfolio Pulse from Franca Quarneti

December 04, 2023 | 8:45 pm