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COP

ConocoPhillips expects court rulings on disputes related to its Willow oil project in November. The outcome of these rulings could impact the company's operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:43 pm

OTLK

Outlook Therapeutics Inc's stock is plunging after the company announced the completion of Type A Meetings with the FDA regarding the Complete Response Letter (CRL) for ONS-5010, a drug under development to treat Wet Age-Related Macular Degeneration. The FDA has requested an additional clinical trial for the approval of ONS-5010, which could delay the resubmission of the drug's Biologics License Application until the end of 2024 and approval until mid-2025.

Portfolio Pulse from Vandana Singh

November 02, 2023 | 4:30 pm

OTLK

Outlook Therapeutics' shares are trading lower after the FDA informed the company that an additional clinical trial would be required for the approval of ONS-5010 for the treatment of wet AMD.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:15 pm

ACXP

Acurx Pharmaceuticals Inc's stock is trading lower after the company published efficacy results from a Phase 2 trial. The company had decided to terminate the Phase 2b vancomycin-controlled trial segment early due to high observed clinical cure rate and no emerging safety concerns. The clinical cure rate for ibezapolstat, to treat C. difficile Infection (CDI), was projected to be at least 90%. Other factors, including the cost and the challenging enrollment due to the COVID-19 pandemic, also influenced the decision. The stock is down more than 31%.

Portfolio Pulse from Vandana Singh

November 02, 2023 | 4:12 pm

CANO

Cano Health, Inc. (NYSE: CANO) has completed a 1-for-100 reverse stock split of its Class A and Class B common stock, following approval by the company's stockholders and its Board of Directors. The reverse stock split is expected to enable the company's Class A common stock to regain compliance with the New York Stock Exchange's listing rules. The company's Class A common stock will begin trading on a split-adjusted basis on November 3, 2023. The total number of Class A and Class B common stock authorized for issuance will be reduced significantly. The company believes the reverse stock split will increase the price per share of the company's Class A common stock and make it more attractive to a broader range of investors.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:03 pm

KRON

Kronos Bio, Inc. (NASDAQ:KRON) has presented positive preliminary data from the phase 1 dose escalation portion of the ongoing phase 1/2 KB-0742 study at the Connective Tissue Oncology Society annual meeting. The data shows that KB-0742 demonstrated on-mechanism, single agent anti-tumor activity and a manageable safety profile in heavily pre-treated patients with transcriptionally addicted solid tumors. The preliminary analysis included 28 patients who received doses from 10 mg up to 60 mg. The most prevalent treatment-emergent adverse events included nausea, vomiting and fatigue, all of which were grade 1/2.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:02 pm

EIS

SPY

USO

VGK

The U.S. intelligence has reported that the Wagner Group, a Russian paramilitary group, may provide an air defense system, the SA-22, to Hezbollah, a Lebanese militia. The SA-22 system uses anti-aircraft missiles and air defense guns to intercept aircraft.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:53 pm

EIS

SPY

USO

Israeli Prime Minister Netanyahu has not made any decision about allowing fuel into Gaza, according to Reuters. The situation could potentially affect the energy sector and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:41 pm

ACB

CGC

TLRY

Senate Majority Leader Chuck Schumer plans to amend the Secure and Fair Enforcement Regulation (SAFER) Banking Act to include criminal justice provisions. The amendments will be borrowed from a separate federal legalization bill, the Cannabis Administration and Opportunity Act (CAOA), and will include measures such as resentencing for current federal cannabis prisoners. Despite uncertainties around the new GOP House speaker's stance on cannabis, key Senate Republicans are prepared to move forward with the legislation.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:16 pm

CDZI

Cadiz, Inc. (NASDAQ: CDZI/CDZIP) has entered into a binding agreement with San Bernardino County, Santa Margarita Water District (SMWD) and Fenner Gap Mutual Water Company to provide priority rights to water supply from the Cadiz Water Conservation and Storage Project (Cadiz Project) to public water systems serving San Bernardino County communities. The agreement amends a 2012 MOU and requires Cadiz to offer binding agreements for water supply from the Cadiz Project to public water systems serving San Bernardino County residents prior to exporting water for beneficial use outside of San Bernardino County.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:10 pm