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PBLA

Panbela Therapeutics Inc (NASDAQ:PBLA) has divested certain assets in its eflornithine pediatric neuroblastoma program to US WorldMeds 1 (USWM). Panbela is set to receive up to approximately $9.5 million in non-dilutive funding for the sale. Payments will be made upon USWM's successful completion of milestones related to eflornithine's clinical development, regulatory approval, and commercial sales. Following the news, PBLA shares rose by 24.90%.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 4:18 pm

AMRN

AQMS

CVNA

HROW

MTB

PBLA

SEV

U.S. stocks traded higher with the Nasdaq Composite gaining around 0.5%. M&T Bank Corporation reported better-than-expected Q2 results with a revenue of $2.60 billion, beating the consensus of $2.39 billion. Harrow Health, Panbela Therapeutics, and Carvana Co. saw their shares rise after various positive announcements. However, Sono Group, Amarin Corporation, and Aqua Metals saw their shares drop due to negative news.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 4:18 pm

HROW

NVS

Harrow Health Inc (HROW) has agreed to acquire the U.S. and Canadian commercial rights for Vevye, a drug for dry eye disease, from Novaliq GmbH. The company has also agreed to acquire certain U.S. and Canadian commercial rights for several branded products from Santen Pharmaceutical Co Ltd. In December last year, Harrow acquired exclusive U.S. commercial rights to five FDA-approved ophthalmic products from Novartis AG (NVS). Harrow raised $60 million via equity and expects Q2 2023 revenues in excess of $31.0 million. HROW shares are up 22.90%.

Portfolio Pulse from Vandana Singh

July 19, 2023 | 4:16 pm

PNFP

Pinnacle Financial Partners reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:15 pm

DIS

Walt Disney Co (NYSE:DIS) CEO Bob Iger is facing criticism over his comments on the ongoing media industry strike over wages and working conditions. Iger, who recently extended his contract through 2026, called the strike disruptive and suggested that the strikers' expectations might not be realistic. His comments have been met with backlash, especially considering his own wealth and spending habits. Disney shares have fallen since Iger reassumed the CEO position, and the strike could further impact the company's financial future.

Portfolio Pulse from Chris Katje

July 19, 2023 | 4:13 pm

AVCO

Avalon GloboCare has announced that Laboratory Services MSO has signed an exclusive Master Service Agreement with GeneX Laboratory Professional Corp. This has led to a rise in Avalon GloboCare's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 4:09 pm

NOK

Nokia (NYSE:NOK) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an earnings per share (EPS) of $0.08. Last quarter, the company missed EPS by $0.02, resulting in a 0.48% increase in the share price. Nokia's shares were trading at $3.88 as of July 18, with a 52-week return of -23.63%.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:02 pm

FFBC

First Financial Bancor (NASDAQ:FFBC) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $0.69. The company's past performance shows a trend of beating EPS estimates, which has led to increases in share price. The stock is currently trading at $23.05, up 11.96% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:02 pm

INDB

Independent Bank (NASDAQ:INDB) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $1.36. The bank's past performance shows a trend of share price drops following earnings misses. The bank's shares are currently trading at $51.63, down 35.31% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:02 pm

COF

Capital One Financial (NYSE:COF) is set to release its quarterly earnings report on July 20, 2023. Analysts estimate an EPS of $3.22. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $1.61, resulting in a 1.36% increase in share price the next day. The stock is currently trading at $116.07, up 2.93% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 4:02 pm