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Regulatory

ITRG

Integra Resources Corp. (NYSE:ITRG) has filed an independent Preliminary Economic Assessment (PEA) technical report for the Wildcat and Mountain View projects in western Nevada. The PEA shows potential for a low-cost, high-margin, heap leach gold-silver operation with robust economics. The average annual production of Wildcat & Mountain View and the DeLamar Project is expected to exceed 200kozs of gold equivalent. The PEA results complement the 2022 Pre-feasibility Study for the DeLamar Project in southwestern Idaho.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:52 pm

EUDA

EUDA Health Holdings Limited has received a notice from Nasdaq for non-compliance with the minimum bid price requirement of $1.00 per share for continued listing. The company has 180 days to regain compliance. If it fails to do so, it may be eligible for an additional 180-day compliance period or face delisting. The company is considering its options to regain compliance.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:51 pm

NRG

NRG Energy, Inc. (NYSE:NRG) has announced a proposed offering of pre-capitalized trust securities redeemable 2028 to replace its existing pre-capitalized trust securities redeemable 2023. The proceeds from the sale will be invested in a portfolio of U.S. Treasury securities and will be used as collateral for certain banks that have agreed to provide letters of credit for NRG's account. The offering is only available to qualified institutional buyers.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:51 pm

GS

Goldman Sachs economists predict that the Federal Open Market Committee (FOMC) should initiate rate cuts in Q2 2024, aligning with a period when core PCE inflation is expected to drop below 3% YoY and fall below 2.5% on a monthly annualized basis. The rate cut cycle involves a gradual reduction of 25 basis points per quarter, but the pace remains uncertain. The funds rate is expected to stabilize within the range of 3-3.25%, surpassing the FOMC’s median longer-run projection of 2.5%. In the short term, the FOMC is expected to abstain from a rate hike during the September meeting.

Portfolio Pulse from Piero Cingari

August 14, 2023 | 12:50 pm

RMED

Ra Medical Systems, Inc. (NYSE:RMED) has received notification of allowance for the first patent for its LockeT product, a vessel closing device. This is the first of six patent applications on file in the US and several foreign countries. The company expects the product to be successful in the market for assisting in the closure of percutaneous wound sites.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:47 pm

BABA

FXI

KWEB

MCHI

Alibaba Group Holding Limited (BABA) stock is trading lower in line with Chinese ETFs IShares China Large-Cap ETF (FXI), KraneShares Trust KraneShares CSI China Internet ETF (KWEB) and IShares MSCI China ETF (MCHI). This is due to the ongoing agitation in China's broader sector amid government transparency regarding reforms to boost the economy after the intense regulatory crackdown and pandemic restrictions. Alibaba recently reported a 14% YoY revenue growth to $32.29 billion, beating the consensus of $31.20 billion. However, the company acknowledged the AI chips crisis hampering its ambitions.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:47 pm

GOOG

ICAD

iCAD, Inc. (NASDAQ:ICAD) has expanded its agreement with Google Health to integrate Google's AI technology with iCAD's ProFound Breast Health Suite for 2D Mammography. The technology will be used as an independent reader for breast cancer screening worldwide upon regulatory approval. The integration aims to address the global shortage of radiologists and improve efficiency in mammography reading. In a study, Google's AI system outperformed human readers in mammography reading, reducing the workload of the second reader by 88%.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:36 pm

DWAC

Congresswoman Marjorie Taylor Greene's investment in Digital World Acquisition Corporation (NASDAQ:DWAC), the SPAC planning to merge with Trump Media & Technology Group, has significantly decreased in value. Greene bought between $15,001 and $50,000 worth of DWAC shares at an average price of $94.20 in October 2021. However, the SPAC's shares have fallen 45% over the past year due to setbacks and investigations delaying the merger. If the deal is not finalized by the deadline, the SPAC may have to liquidate shares at net asset value, closer to the $10 level.

Portfolio Pulse from Chris Katje

August 14, 2023 | 12:31 pm

SEEL

Seelos Therapeutics, Inc. (NASDAQ:SEEL) has provided a clinical update for Q2 2023. The company expects to release top-line data for its studies on SLS-002 for Acute Suicidal Ideation and Behavior in adults with Major Depressive Disorder in Q3 2023, and SLS-005 in ALS in Q4 2023. Seelos has also regained compliance with Nasdaq Listing Rule 5500(a)(2).

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:24 pm

PBLA

Panbela Therapeutics has announced the issuance of a new patent in Europe for claims of a novel process for the production of SBP-101. This development could potentially enhance the company's intellectual property portfolio and its competitive position in the market.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 12:16 pm