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VHNA

Shares of Vahanna Tech Edge Acquisition I Corp. have resumed trading.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 2:08 pm

BrightView Holdings announced it received a $500 million strategic investment in convertible preferred stock from an affiliate of One Rock Capital Partners. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 2:08 pm

Mastercard Incorporated (NYSE:MA) has entered a memorandum of understanding with the UAE's Artificial Intelligence, Digital Economy, and Remote Work Applications Office. The partnership aims to increase artificial intelligence capabilities in the region and supports the National Artificial Intelligence Strategy 2031. Mastercard's shares are trading higher by 0.57% to $405.10.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 2:07 pm

AGIL

BEEP

FFIE

GDC

KIM

NVCR

RPT

US stocks opened higher with the Dow Jones gaining over 250 points. Kimco Realty Corp (KIM) is set to acquire RPT Realty (RPT) in an all-stock transaction for around $2 billion. Mobile Infrastructure Corporation (BEEP) shares shot up 76%, GD Culture Group Limited (GDC) shares rose 59% after announcing the launch of a live-streaming e-commerce business on TikTok. Hersha Hospitality Trust (HT) shares were up 57% after announcing a merger with KSL Capital Partners. AgileThought (AGIL) shares dropped 37% after being downgraded from Buy to Sell. NovoCure Limited (NVCR) shares were down 32% after its Phase 3 trial did not meet its primary endpoint. Faraday Future Intelligent Electric Inc. (FFIE) fell 20% after announcing a 1-for-80 reverse stock split.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 2:06 pm

BMY

JNJ

LLY

MRK

The U.S. government is set to negotiate prices for 10 drugs as part of President Joe Biden's Inflation Reduction Act, which could lead to significant savings for taxpayers but challenge the profit margins of pharmaceutical companies. Johnson & Johnson's Xarelto and Eli Lilly's Jardiance are expected to be on the list. The new act could lead to approximately $36.5 billion in savings for the U.S. between 2026-2028. However, drug manufacturers warn that limited profits might stifle innovation.

Portfolio Pulse from Vandana Singh

August 28, 2023 | 2:05 pm

BTCUSD

ETHUSD

Bitcoin (BTC) and Ethereum (ETH) recorded slight gains, trading above $26,000 and $1,600 respectively. dYdX (DYDX) emerged as the top gainer over the past 24 hours, while Sui (SUI) was the biggest loser. The global crypto market cap rose to $1.05 trillion, recording a 24-hour gain of 0.3%.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 2:03 pm

VHNA

Shares of Vahanna Tech Edge Acquisition I Corp. were halted on a circuit breaker due to a sharp downside move. However, the stock is now up by 25.3%.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 2:03 pm

BSX

Boston Scientific Corporation (NYSE:BSX) released 12-month results from the pivotal ADVENT trial of the FARAPULSE Pulsed Field Ablation (PFA) System, a nonthermal treatment for patients with atrial fibrillation. The study demonstrated that the FARAPULSE PFA System was non-inferior to standard-of-care therapies, meeting the primary efficacy and safety endpoints. The potential FDA approval of Farapulse might bolster Boston Scientific's position in the electrophysiology market. BSX shares are up 5.54% at $53.57.

Portfolio Pulse from Vandana Singh

August 28, 2023 | 2:02 pm

VHNA

Shares of Vahanna Tech Edge Acquisition I Corp. have resumed trading.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 2:02 pm

BOX

Box (NYSE:BOX) is set to release its latest quarterly earnings report on Tuesday, 2023-08-29. Analysts estimate an earnings per share (EPS) of $0.35. The company's past performance shows a pattern of beating EPS estimates. Shares of Box were trading at $30.5 as of August 25, with a 52-week increase of 17.34%.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:01 pm