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AAPL

The U.S. government's debt has reached a record $33 trillion, with tax cuts from the Bush and Trump administrations costing an additional $10 trillion in revenue by the end of this year, according to the Center for American Progress. The current debt crisis could potentially affect the stock market and several industries. The government's debt is now over 12 times the market cap of Apple, the world's most valuable public company. If borrowing continues at the same pace, the debt could reach $50 trillion by the end of the decade.

Portfolio Pulse from Natan Ponieman

September 25, 2023 | 8:58 pm

WBD

Warner Bros. Discovery Inc. (NASDAQ:WBD) shares traded lower amid increased volatility after the Writers Guild of America (WGA) reached a tentative agreement with entertainment companies, including a significant increase in compensation for streaming content. The agreement could potentially speed up negotiations with SAG-AFTRA, which represents tens of thousands of actors.

Portfolio Pulse from Ryan Gustafson

September 25, 2023 | 8:48 pm

YTEN

Yield10 Bioscience Inc has received a notice from Nasdaq stating that the company is not in compliance with the minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:38 pm

DMS

The New York Stock Exchange (NYSE) has announced that it will begin delisting proceedings against Digital Media Solutions (DMS).

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:37 pm

SUNL

The New York Stock Exchange (NYSE) has announced that it will begin delisting proceedings against Sunlight Financial Holdings.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:35 pm

COTY

Coty Inc. has announced the launch of a global offering of 33 million shares of its Class A common stock. The offering will be made to the public in the United States and on a private placement basis outside of the United States. Coty has applied for the listing and trading of its Class A Common Stock on the professional segment of Euronext Paris. The company intends to use the net proceeds from the offering primarily to retire principal amount of outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:34 pm

COTY

Coty Inc. has announced that it has filed for a stock shelf offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:32 pm

AKA

a.k.a. Brands has announced a 1-for-12 reverse stock split, which will become effective on September 29.

Portfolio Pulse from Bill Haddad

September 25, 2023 | 8:32 pm

CLNN

Clene Inc. (NASDAQ:CLNN) has released long-term follow-up data for patients treated with CNM-Au8 30mg in the HEALEY ALS Platform Trial, showing significantly improved survival and a 49% decreased risk of death. In a pooled analysis of the HEALEY ALS Platform Trial and the RESCUE-ALS Trial, participants demonstrated a statistically significant 59% decreased risk of death compared to placebo patients. No serious adverse events have been related to CNM-Au8 treatment. The company's shares were up 0.22% at $0.46 on the last check Monday.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 8:25 pm

IMMX

Immix Biopharma Inc has filed for a shelf of up to 5.2 million shares of common stock by a selling stockholder, according to a SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 8:23 pm