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PRMW

Primo Water is set to merge with BlueTriton in an all-stock deal, projecting $1.5 billion in adjusted EBITDA. The merger is expected to generate $200 million in cost synergies and result in a combined company with $6.5 billion in net revenue. Primo Water plans to pay a special dividend of up to $133 million to its shareholders before the deal closes.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 10:06 am

VGK

Eurozone wages increased by 5.30% year-over-year in Q1, compared to a revised 3.20% in the previous period.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 9:29 am

GRFS

Grifols' subsidiary Biotest has received FDA approval for Yimmugo, an intravenous immunoglobulin therapeutic for treating primary immunodeficiencies. The U.S. launch is expected in the second half of 2024. This approval marks the first U.S.-approved medicine in Biotest's portfolio and is expected to significantly contribute to Grifols' future sales and growth strategy.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 8:26 am

FEMY

Femasys Inc (NASDAQ:FEMY), a biomedical company focused on women's healthcare, is at an inflection point and expects growth potential following the overturn of Roe v. Wade. The company offers several products, including FemaSeed, FemVue, FemCath, and FemCerv, and is developing FemBloc, a non-surgical permanent birth control. CEO Kathy Lee-Sepsick highlights the company's undervaluation and significant market opportunities.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 7:22 am

PTPI

Petros Pharmaceuticals (NASDAQ: PTPI) aims to transition its prescription erectile dysfunction (ED) therapy, Stendra (avanafil), to over-the-counter (OTC) status. This move could significantly expand the ED market, potentially tripling its size. The company is leveraging its expertise in the Rx-to-OTC switch market and has aligned with the FDA for a pivotal study review in 2H 2024.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 7:08 am

AAPL

HMC

TM

TSLA

TDK Corporation has announced a breakthrough in solid-state battery technology, which could significantly enhance the performance of devices like wireless headphones and smartwatches. The new material offers an energy density of 1,000 watt-hours per liter. However, challenges remain for mass production, especially for larger batteries. TDK plans to start shipping samples next year and aims for mass production thereafter. This development is closely watched by major clients like Apple and Tesla.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 6:24 am

NDAQ

The Indonesia Stock Exchange (IDX) is upgrading its trading technology with Nasdaq's systems, aiming to increase trading capacity fourfold. This partnership is expected to enhance the efficiency and reliability of IDX's trading operations.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:42 am

FXI

China's industrial production year-to-date (YoY) for May was reported at 6.2%, slightly down from the previous 6.3%.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:14 am

FXI

China's industrial production for May grew by 5.6% year-over-year, falling short of the estimated 6.2% and the previous month's 6.7%.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:14 am

FXI

China's Fixed Asset Investment (YoY) for May came in at 4.0%, below the estimated 4.2% and the prior 4.2%.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:13 am