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URGN

UroGen Pharma has priced a public offering of 5 million shares at $17.50 per share and pre-funded warrants to purchase 1.14 million shares at $17.499 per warrant, aiming to raise approximately $107.5 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:01 am

MACI

MACIU

MACIW

Melar Acquisition Corp. I has priced its $150M IPO at $10 per unit, with each unit consisting of one Class A ordinary share and one-half of one warrant. The units will be listed on Nasdaq under the symbol 'MACIU' starting June 18, 2024. The Class A shares and warrants will trade separately under 'MACI' and 'MACIW' respectively once separated.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 9:00 am

AZN

AstraZeneca's CAPItello Phase 3 trial for Truqap (Capivasertib) combined with Paclitaxel in locally advanced/metastatic triple-negative breast cancer did not meet the dual primary endpoints of improvement in overall survival versus Paclitaxel plus placebo.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:53 am

F

TSLA

Former Ford CEO Mark Fields discussed the impact of falling EV prices on the new and used car markets, highlighting that lower prices could remove barriers to EV adoption but also raise concerns about vehicle value. Fields pointed to increased competition, higher interest rates, and demand slowdowns as factors driving price reductions. Ford and Tesla are both actively addressing these market dynamics.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 8:43 am

GWAV

Greenwave Technology Solutions has regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:34 am

QCOM

SSNLF

Samsung's upcoming Galaxy S25 is expected to exclusively feature Qualcomm's next-generation Snapdragon chipset, replacing its own Exynos chips due to lower-than-expected 3nm yield. This shift could significantly benefit Qualcomm and its exclusive supplier, Taiwan Semiconductor.

Portfolio Pulse from Ananya Gairola

June 18, 2024 | 8:17 am

SMCI

Supermicro is expanding its global AI capabilities by adding three new manufacturing facilities in Silicon Valley and abroad. This expansion aims to more than double the current capacity of 1,000 AI SuperClusters shipped per month.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 8:16 am

AEIS

Advanced Energy Industries (NASDAQ:AEIS) has decided not to pursue a takeover of XP Power Limited (LSE: XPP) due to lack of progress in negotiations and inability to access necessary due diligence. The proposed offer was 1950p per share.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 7:16 am

AAN

CRMT

KBH

PDCO

The S&P 500 and Nasdaq closed at record highs amid improving investor sentiment, despite the CNN Money Fear and Greed index remaining in the 'Fear' zone. The Aaron's Company, Inc. (NYSE:AAN) saw a significant 33% jump after announcing an acquisition agreement with IQVentures Holdings. Investors are also awaiting earnings results from Patterson Companies, Inc. (NASDAQ:PDCO), KB Home (NYSE:KBH), and America’s Car-Mart, Inc. (NASDAQ:CRMT).

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 6:30 am

NVDA

TSLA

Elon Musk and Nvidia CEO Jensen Huang predict that humanoid robots will become significantly more common than cars in the future. Musk supports Huang's vision, emphasizing the potential for widespread adoption of humanoid robots, including Tesla's Optimus, which could be sold at a competitive price.

Portfolio Pulse from Ananya Gairola

June 18, 2024 | 5:27 am