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ADXN

Addex Therapeutics (NASDAQ:ADXN) has announced a 1-for-20 reverse ADS split to regain compliance with the Nasdaq minimum bid price requirement. The change in the ADS ratio, from one ADS to six ordinary shares to a new ratio of one ADS to 120 ordinary shares, has been accepted by Nasdaq and will be effective on October 23, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 7:12 am

ARQT

Arcutis Biotherapeutics is selling 32.5 million shares of common stock at $2.50 per share and pre-funded warrants to purchase 7.5 million shares of common stock at $2.4999 per warrant. The offering is expected to raise $100 million.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:41 am

AXP

American Express Company (NYSE:AXP) is set to release its Q3 financial results on Oct. 20, 2023. Analysts predict earnings of $2.94 per share, up from $2.47 per share a year ago, and revenue of $15.37 billion, up from $13.56 billion. The company's shares fell 1.3% to close at $149.62 on Thursday. Several analysts have revised their ratings and price targets for the company ahead of the earnings call.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 6:33 am

USO

The U.S. Department of Energy’s Office of Petroleum Reserve announced plans to purchase up to 6 million barrels of oil for the Strategic Petroleum Reserve (SPR), with deliveries in December 2023 and January 2024. The purchases will be made when oil prices are below $79 per barrel. The announcement follows the Biden administration's sale of about 180 million barrels of oil from the SPR in 2022. The United States Oil Fund, LP (NYSE:USO), an ETF, rose 2.30% to $81.68 on Thursday.

Portfolio Pulse from Shanthi Rexaline

October 20, 2023 | 6:32 am

EWG

Germany's Producer Price Index (PPI) for September has decreased by 0.2%, missing the estimated 0.4% and lower than the prior 0.3%.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:04 am

EWU

UK retail sales for September have come in at -1% year-on-year, worse than the estimated -0.1% and the revised prior figure of -1.3%.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:03 am

EWU

UK retail sales for September fell by 0.9%, more than the estimated 0.2% decrease, and compared to a 0.4% increase in the previous month.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:02 am

FXI

The People's Bank of China has kept its loan prime rate unchanged at 3.45%. This decision could influence the performance of related assets, such as the iShares China Large-Cap ETF (FXI).

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 4:53 am

BBJP

DXJ

EWJ

Japan's National Consumer Price Index (MoM) has increased to 0.3% from the previous 0.2%.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 4:53 am

BBJP

DXJ

EWJ

Japan's National Core Consumer Price Index (YoY) for September was reported at 2.8%, slightly above the estimated 2.7% and below the prior 3.1%. ETFs BBJP, DXJ, and EWJ, which track Japanese equities, may be impacted.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 4:52 am