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U

Unity Software Inc. has announced that it will be making changes to the runtime fee policy it announced earlier this week, following backlash from its community, customers, and partners.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:58 pm

NVO

The FDA has reported quality control issues at Novo Nordisk's Clayton plant, a key site for the production of its weight-loss drug Wegovy and diabetes drug Ozempic. In response, Novo Nordisk has hired PCI Pharma Services to handle the assembly and packaging of Wegovy. The company's shares are down 3.26%.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 1:50 pm

AAPL

AMD

AMZN

GOOGL

MSFT

NVDA

SPY

TSLA

The article discusses the upcoming FOMC meeting and its potential impact on the market. It also provides an analysis of several stocks including SPY, AAPL, TSLA, GOOGL, AMZN, NVDA, AMD, and MSFT. The author suggests that the market is not expected to move significantly until the FOMC meeting on Wednesday. The dollar is expected to continue its upward trend. The author also provides specific price levels for each stock that could indicate a bullish or bearish trend.

Portfolio Pulse from Mando Trading

September 18, 2023 | 1:45 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has announced plans to spin out a majority of its equity interest in Sprout Organics, an organic baby food and toddler brand, to its shareholders. The move is part of a strategic plan to enhance the company's value and reduce operating costs and debt exposure. The spinout is subject to several conditions including legal and tax structuring analyses, financial analysis, regulatory approvals, and listing of Sprout shares on a stock exchange.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:42 pm

PCG

The Administrative Law Judges have issued a proposed decision and alternate proposed decision in Pacific Gas and Electric Company's 2023 general rate case. The decisions would authorize revenue requirements of $13.82 billion and $13.31 billion respectively for 2023, with increases for the following years. The utility would be allowed to collect approved revenue increases starting in 2024. The key differences between the two decisions relate to underground and overhead system hardening, and escalation.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:36 pm

LYFT

The Securities and Exchange Commission (SEC) has charged Lyft Inc. for failing to disclose a board director's role in a shareholder's sale of approximately $424 million worth of private shares of Lyft's stock prior to the company's IPO. The director arranged for a shareholder to sell its shares to a special purpose vehicle (SPV) set up by an investment adviser affiliated with the same director. Lyft approved the sale and secured a number of terms in the contract. Lyft failed to disclose this information in its Form 10-K for 2019. Lyft has agreed to a cease-and-desist order and to pay a $10 million civil penalty.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:17 pm

SAVA

Cassava Sciences, Inc. (NASDAQ:SAVA) announced a positive interim safety review of simufilam in ongoing Phase 3 clinical trials for Alzheimer's disease. The Data and Safety Monitoring Board (DSMB) recommended that both of Cassava Sciences' Phase 3 studies of simufilam continue as planned, without modification. Patient enrollment is expected to be completed for both Phase 3 studies by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:16 pm

MDRX

Veradigm Inc. (NASDAQ:MDRX) has announced that it will not be able to file its Annual Report on Form 10-K for the year ended December 31, 2022, or its Quarterly Reports on Forms 10-Q for the quarters ended March 31, 2023, and June 30, 2023, due to ongoing audit procedures related to previously disclosed accounting and internal control errors. The company expects to file these reports in Q4 2023. As a result, it anticipates receiving a delisting notice from Nasdaq but plans to request a hearing to stay any suspension or delisting action. Veradigm has also revised the estimated cumulative impact of the accounting errors down to approximately $20 million and updated its financial guidance for FY23.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:14 pm

RDHL

Redhill Biopharma's shares are trading higher following the announcement of the FDA's sNDA approval for Talicia.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:09 pm

CMI

HYLN

Hyliion Holdings Corp. (HYLN) and Cummins Inc. (CMI) have received a Dual Executive Order from the California Air Resources Board (CARB) for the Hypertruck ERX powertrain, which is paired with Cummins' ISX12N natural gas engine. This certification allows the companies to sell the powertrain in California, meeting key environmental requirements. The Hypertruck ERX powertrain qualifies as a near zero emission vehicle under CARB's Advanced Clean Truck and Advanced Clean Fleet rulings. Initial deliveries of the Hypertruck ERX powertrain with the ISX12N Cummins natural gas engine will occur before the end of the year.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 1:08 pm