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LGST

Tevogen Bio Inc. is set to become publicly listed on the NYSE through a business combination with Semper Paratus Acquisition Corporation. The transaction is expected to provide Tevogen Bio with access to capital markets and accelerate the development of its product, TVGN 489, a COVID-19 therapeutic solution. The combined company will be named Tevogen Bio Holdings Inc. and is expected to be listed on the NYSE under the ticker symbol 'TVGN'. The pro forma equity value of the combined company is expected to be approximately $1.2 billion, with the merger expected to be completed in Q4 2023.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:09 pm

LGST

Shares of Semper Paratus Acquisition Corp have been halted due to pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 12:08 pm

TSP

TuSimple Holdings Inc (NASDAQ:TSP) is exploring strategic alternatives for its U.S.-based operations, which has led to a decrease in its stock price. The company has engaged Perella Weinberg Partners to explore possible transactions. This comes after TuSimple's plans to reorganize its U.S. operations by reducing the global workforce by about 30%, leading to an expected annual cash compensation expense savings of ~$64 million - $68 million.

Portfolio Pulse from Anusuya Lahiri

June 29, 2023 | 12:05 pm

SYM

UBS analyst Chris Snyder has downgraded Symbotic (NASDAQ:SYM) from Buy to Neutral, while raising the price target from $34 to $40.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 12:05 pm

AMZN

MICS

The Singing Machine Company, Inc. (NASDAQ: MICS) has announced a partnership with Vendo Commerce to maximize sales opportunities through Amazon's online platform. Vendo is a digital growth company specializing in e-commerce strategies for Amazon and Walmart.com.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:04 pm

TUYA

Tuya Inc. has announced a $50 million share repurchase program. This move is typically seen as a sign of confidence in the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:03 pm

WMG

Analysts have provided various ratings for Warner Music Gr (NASDAQ:WMG) in the last quarter, with 2 bullish, 5 somewhat bullish, and 4 indifferent. The company has an average 12-month price target of $31.91, representing a 13.05% decrease from the previous average price target of $36.70.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 12:02 pm

VZIO

VIZIO Holding (NYSE:VZIO) has received various analyst ratings in the last quarter, with 2 bullish, 2 somewhat bullish, and 2 indifferent. Over the past 3 months, 6 analysts have offered 12-month price targets for VIZIO Holding, with an average price target of $11.5, a decrease of 9.23% from the previous average price target of $12.67.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 12:02 pm

SNDR

In the last quarter, Schneider National (NYSE:SNDR) received 1 bullish, 2 somewhat bullish, and 2 indifferent ratings from analysts. The company's average 12-month price target is $32.4, representing an 8.29% decrease from the previous average of $35.33.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 12:01 pm

ROIV

Analysts have provided bullish ratings for Roivant Sciences (NASDAQ:ROIV) within the last quarter. According to 8 analysts offering 12-month price targets in the last 3 months, Roivant Sciences has an average price target of $15.56, an increase of 3.73% from the previous average price target of $15.00.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 12:01 pm