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Revenues

MKGAF

MKKGY

RGEN

Repligen Corporation (RGEN) has agreed to acquire Sweden-based Metenova, a move that is expected to expand Repligen's market reach and enhance its capabilities in fluid management. The acquisition is projected to contribute significantly to Repligen's revenues and margins from 2023 onwards. The deal is also expected to give Repligen a competitive edge against rivals like Merck KGaA (MKGAF, MKKGY).

Portfolio Pulse from Vandana Singh

September 26, 2023 | 7:07 pm

HUM

SPY

UNH

XLV

The Centers for Medicare & Medicaid Services (CMS) has projected that the average monthly plan premium for all Medicare Advantage Plans will increase from $17.86 in 2023 to $18.50 in 2024.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:32 pm

OCUP

VTRS

The FDA has approved Ocuphire Pharma's Ryzumvi for reversal of mydriasis ahead of schedule. The first $10M milestone payment is expected from partner Viatris.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:18 pm

BABA

C

JPM

Alibaba's logistics arm, Cainiao Smart Logistics Network, has filed for a Hong Kong IPO, which could raise at least $1 billion. Citic Securities, Citigroup, and JPMorgan Chase are joint sponsors of the offering. Alibaba plans to retain over 50% of Cainiao's shares. Cainiao's revenue increased 34% Y/Y to $3.19 billion in Q1, with 30% of sales coming from Alibaba. Alibaba's shares traded lower by 1.46% at $85.95.

Portfolio Pulse from Anusuya Lahiri

September 26, 2023 | 5:31 pm

TBLA

Taboola.Com Ltd. (NASDAQ:TBLA) has extended its multi-year agreement with Advance Local to enhance user engagement and explore new monetization opportunities. Advance Local will use Taboola's products to expand its audience and increase revenue. The partnership, which began in 2015, will also see Advance Local incorporate Taboola in various user touchpoints and explore other Taboola offerings to enhance monetization.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 5:18 pm

SPY

The Dallas Fed Services Revenues for September have been reported at 8.7, a significant decrease from the previous figure of 16.2.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:30 pm

SPY

The USA New Home Sales (MoM) for August has been revised from 4.4% to 8.0%.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 2:05 pm

SDOT

Sadot Group Inc. (NASDAQ:SDOT) reported top line revenue of over $67.8 million for August 2023, marking the tenth consecutive month of revenues exceeding $45 million. This follows the company's first profitable quarter in Q2 2023. The results include the first trades from the newly-formed subsidiary, Sadot Latam LLC.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:26 pm

NUZE

NuZee, Inc. (NASDAQ:NUZE) has announced an expanded relationship with one of its largest customers, which could result in over $2 million in incremental annual revenue. The company will begin supplying additional products, including bagged coffee, to the customer starting in fiscal year 2024. This move is seen as a major step towards growing and diversifying NuZee's business.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:09 pm

AAPL

Gene Munster, founder of Deepwater Asset Management, predicts that Apple Inc. (NASDAQ:AAPL) will reduce its dependence on China over the next decade, shifting production to India. He anticipates that China's share of Apple's revenue will decline from 40-45% to 25-30% over the next five years, with India's revenue surpassing that of Greater China. Apple is also expected to start producing AirPods in India, with the overall value of products manufactured in the country projected to increase fivefold over the next four to five years, reaching $40 billion.

Portfolio Pulse from Shanthi Rexaline

September 26, 2023 | 1:08 pm