Streetbeat News

Revenues

KOS

Kosmos Energy announced the successful start-up of oil production at the Winterfell development in the Green Canyon area of the US Gulf of Mexico.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:58 am

CVAC

GSK

GSK and CureVac have restructured their collaboration into a new licensing agreement, with GSK taking full control of developing and manufacturing mRNA vaccines. CureVac will receive €400M upfront and up to €1.05B in milestones. The agreement allows both companies to focus on their respective mRNA development activities.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:57 am

AVNW

Aviat Networks expects its recent buyout to be immediately accretive to its gross margin and to positively impact adjusted EBITDA and non-GAAP EPS within the first year.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:57 am

CVAC

CureVac N.V. (NASDAQ:CVAC) is restructuring to focus on high-value mRNA projects, reducing its workforce by 30%. The restructuring follows a new licensing agreement with GSK, valued at up to €1.45 billion plus royalties. CureVac aims to streamline operations, prioritize oncology programs, and reduce operational expenses by over 30% from 2025 onward.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:56 am

CVAC

GSK

GSK and CureVac have restructured their partnership to focus on mRNA vaccine development. GSK will take full control of developing and manufacturing the candidate vaccines, while CureVac will receive significant financial compensation and retain rights to other targets.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 6:53 am

ZETA

Zeta Global has launched the Zeta Economic Index, an AI-driven tool that analyzes consumer behavior to provide a comprehensive view of U.S. economic growth. The index uses data from over 240 million American adults and integrates traditional economic indicators with high-frequency information.

Portfolio Pulse from Ananya Gairola

July 03, 2024 | 6:29 am

SPY

The S&P 500 has reached an all-time high, and wealth manager Ram Ahluwalia from Lumida Wealth predicts a bullish seasonality for the next two weeks. However, he warns of potential downside volatility following tech earnings and the Democratic National Convention. Ahluwalia also highlights the risk of market uncertainty if a new Democratic candidate emerges.

Portfolio Pulse from Shanthi Rexaline

July 03, 2024 | 5:55 am

MSFT

NVDA

Abnormal Security, an AI-powered cybersecurity startup, is set to be valued at $5 billion in its latest funding round, led by Insight Partners. The company, founded by ex-Twitter executive Evan Reiser, has seen a significant increase in valuation from $4 billion in 2022. The AI sector continues to attract substantial investments, with companies like Microsoft and Nvidia backing various AI initiatives.

Portfolio Pulse from Benzinga Neuro

July 03, 2024 | 5:22 am

F

Ford CEO Jim Farley emphasized the need for the company to shift focus from large 'monster vehicles' to smaller, more profitable electric vehicles (EVs). Ford plans to launch a low-cost EV by 2027, aiming for profitability in the EV segment. The company reported significant losses in its EV segment in the first quarter.

Portfolio Pulse from Chris Katje

July 02, 2024 | 10:47 pm

NNBR

NN Inc. (NNBR) has revised its FY24 revenue outlook from $485M-$505M to $465M-$485M, below the estimated $494.881M. Adjusted EBITDA and free cash flow projections have also been lowered. New business wins remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 9:52 pm