March 20, 2024

W&T Offshore Enhances Liquidity with Modifications to Term Loan with Munich Re

Oil and natural gas producer, W&T Offshore (NYSE: WTI), has announced modifications to the first-lien non-recourse term loan between its wholly-owned special purpose vehicles and Munich Re Reserve Risk Financing. The modifications are expected to provide additional liquidity to W&T during 2024 without increasing the company’s net leverage. Tracy W. Krohn, W&T’s Board Chair and… [Read More]
March 20, 2024

Chart Industries Secures Renewable Green Hydrogen Deal

Shares in clean energy provider, Chart Industries, Inc. (NYSE: GTLS), rose in intraday trading on Tuesday after the company announced it had been awarded an order from Element Resources for its Lancaster Clean Energy Center(LCEC). The partnership will see Element produce over 20,000 tons of renewable green hydrogen annually through its first phase. LCEC is… [Read More]
March 20, 2024

Major Bohai Sea Oilfield Discovery for CNOOC

CNOOC Limited ($0883.HK) has made a major oilfield discovery in the Bohai Sea according to a statement issued by the company this week. The company’s share price rose to $18.00 in intraday trading on Monday before settling up +1.49% to reach $17.72 at the close of market on Tuesday. The Qinhuangdao 27-3 Oilfield is expected… [Read More]
March 19, 2024

PRISM Market Moves on Tuesday: Fusion Pharma Soars on AZN Acquisition; META and Google Down

US equities are trading mostly higher on Tuesday at midday, just off best levels. Big tech is mixed with Meta ($META)and Alphabet ($GOOGL) hit by headlines about Temu dialing back its reliance on US business. Outperformers include energy, autos, department stores, steel, homebuilders, and hospitals, while underperformers include EVs, chemicals, copper and aluminum, airlines, railways,… [Read More]
March 19, 2024

Ukraine Drones Continue Attacks on Russian Refineries

Ukrainian drone attacks on Russian refineries are continuing after nearly a week of heavy fire which has damaged several Russian oil infrastructure targets. These facilities supply domestic and international markets. Russian energy ministry officials said on Tuesday that plans are underway to protect its oil and gas facilities with missile systems. JPMorgan believes Ukraine drone… [Read More]
March 19, 2024

Unilever (UL) is Melting Off its Ice Cream Business Leaving Brands Ben & Jerry’s and Magnum Out Cold, Cutting 7,500 Jobs

Unilever (UL) announced on Tuesday its decision to initiate a spinoff of its ice cream unit, which houses beloved brands like Magnum and Ben & Jerry’s, alongside a comprehensive cost-saving program involving a reduction of 7,500 jobs. Investors responded positively to the plan, propelling Unilever’s shares up by nearly 6% at one point. The spinoff… [Read More]
March 19, 2024

ZyVersa Therapeutics Offers Hope to 32 Million Americans Living with Kidney Disease

Clinical stage biopharmaceutical company,  ZyVersa Therapeutics, Inc. (Nasdaq: ZVSA), has received Institutional Review Board (IRB) approval of its Phase 2a clinical trial protocol to evaluate the efficacy and safety of Cholesterol Efflux Mediator VAR 200 in patients with diabetic kidney disease. The company’s study is on track to begin in the first half of 2024…. [Read More]
March 19, 2024

Anavex Advances Schizophrenia Drug in Phase 2 Study

Anavex Life Sciences (Nasdaq: AVXL) has screened the first patient in its Phase 2 clinical study of ANAVEX®3-71 for the treatment of schizophrenia, ahead of schedule. ANAVEX®3-71’s differentiated mechanism is a dual SIGMAR1 receptor agonist and M1 positive allosteric modulator with agonistic effects. This novel mechanism of action offers the potential to treat all symptom… [Read More]
March 19, 2024

Marvel Biosciences Reports Promising Preclinical Results from Autism Study

Marvel Biosciences Corp. (OTCQB: MBCOF) has reported promising interim results from its study on MB-204, a new treatment for autism. The study, being conducted by the iBrain Institute in Tours, France, has demonstrated that a single oral dose of MB-204 can restore social interaction behaviors to normal levels in autism model mice, with notable improvements… [Read More]
March 19, 2024

Stocks making the biggest moves premarket: Nvidia, Unilever, Coinbase and more

Catch the latest buzz from Wall Street before the market opens. Nvidia The semiconductor’s shares contracted by 1.7% as the market reacted to the recent unveiling of their new AI chips. An optimistic outlook by several Wall Street analysts lifted their price target following the event. Advanced Micro Devices The rival chipmaker’s shares nosedived over… [Read More]
March 18, 2024

PRISM Market Moves on Monday: Big Tech Outperforms; Alphabet, Nvidia, Tesla Soar; Hertz and Boeing Sink

US equities are trading higher on Monday at midday, after stocks finished mostly lower last week. Big tech is driving upside, with strong performances from Alphabet ($GOOGL), Nvidia ($NVDA), and Tesla ($TSLA). Other areas of strength include semis, software, autos, tobacco, entertainment, steel, food, payments, and travel/tourism. Underperformers at midday are managed care, airlines, banks,… [Read More]