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CGC

Canopy Growth Corporation (NASDAQ: CGC) announced that CEO David Klein will retire at the end of the fiscal year ending March 31, 2025. The company is initiating a search for a new CEO. Under Klein's leadership, Canopy Growth has seen significant transformation and growth, including a record quarter for Canadian medical marijuana. Despite a decline in consolidated net revenue, the company reported a 67% increase in gross profit. Canopy's shares traded 0.14% lower at $6.97 during the pre-market session on Friday.

Portfolio Pulse from Jelena Martinovic

August 16, 2024 | 1:27 pm

ADRT

Ault Disruptive Technologies shares are trading lower after the company delivered a termination notice to Gresham, notifying that it was exercising its right to terminate the merger agreement, effective August 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:24 pm

NDRA

ENDRA Life Sciences shares are trading lower after the company announced a 1-for-50 reverse stock split, effective on August 20.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:21 pm

CRK

KTOS

NVT

The article highlights notable insider trades in three companies: Kratos Defense & Security Solutions, Comstock Resources, and nVent Electric. Insider purchases often indicate confidence in the company's prospects. Kratos Defense & Security's CEO bought shares following strong quarterly results. Comstock Resources saw a significant purchase by a 10% owner despite a recent downgrade by Piper Sandler. nVent Electric's director made a purchase after the company reported disappointing second-quarter sales.

Portfolio Pulse from Avi Kapoor

August 16, 2024 | 1:21 pm

BNTX

MRNA

PFE

Pfizer and BioNTech's combined COVID-19/flu vaccine failed to meet one of its primary goals in a Phase 3 trial, showing lower efficacy against influenza B. The companies are evaluating adjustments to improve the vaccine. Moderna's similar vaccine showed positive results in June. Pfizer's stock is down 0.03% and BioNTech's is down 3.72% in premarket trading.

Portfolio Pulse from Vandana Singh

August 16, 2024 | 1:19 pm

KNW

Know Labs has announced a $1.655 million offering of 6,365,385 units at $0.26 per unit.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:19 pm

CING

Cingulate shares are trading higher after the company was granted European patent No. 3261625 for CTx-1301, its lead asset for the treatment of ADHD.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:18 pm

AMZN

ASTS

BA

INTC

LOT

MADE

NVDA

RKLB

TSLA

WAY

The top 10 trending stocks on WallStreetBets as of August 16, 2024, include ASTS, NVDA, RKLB, WAY, MADE, LOT, TSLA, INTC, AMZN, and BA, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:17 pm

USO

Oil prices dropped as Gaza ceasefire talks progressed and China released weak economic data. The United States Oil Fund (NYSE:USO) saw a sharp decline as WTI light crude futures fell 3% below $76 per barrel. China's economic data showed slowing industrial production and rising unemployment, adding pressure to oil prices.

Portfolio Pulse from Piero Cingari

August 16, 2024 | 1:14 pm

LASE

Laser Photonics Corporation (NASDAQ:LASE) has announced a $3 million private placement with institutional investors. The funds will be used for working capital and general corporate purposes. The placement involves issuing 1,500,000 units and pre-funded units, each consisting of one share of common stock (or one pre-funded warrant) and one common warrant, exercisable at $4.34 per share. The closing is expected around August 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 1:08 pm