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NVDA

SMH

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The article discusses the ongoing expansion in AI investments by major tech companies like Microsoft, Google, and Meta, and the benefits reaped by Nvidia and Broadcom. Microsoft is investing heavily in AI infrastructure in Brazil and Mexico, while Google is expanding its data centers in South Carolina. Intel is seeking government funding and exploring stake sales, which could impact its subsidy chances. Semiconductor ETFs have seen recent gains.

Portfolio Pulse from Anusuya Lahiri

September 27, 2024 | 1:23 pm

OMC

Omnicom's precision marketing division, OPMG, has acquired LeapPoint, a digital advisory firm, to enhance its marketing lifecycle orchestration and performance. This acquisition aims to provide a comprehensive end-to-end content solution, leveraging LeapPoint's expertise in Adobe technology to streamline workflows and improve team collaboration.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:38 pm

KFS

Kingsway Financial Services Inc. (NYSE:KFS) has acquired Image Solutions LLC for $19.5 million in an all-cash transaction, partially funded by $7.75 million in debt. The acquisition is expected to be immediately accretive, adding $9.8 million in annual revenue and $3.1 million in adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:37 pm

NFLX

SATS

TPG

DirecTV and Dish Network are in advanced talks to merge, potentially forming the largest U.S. pay-TV provider. The merger aims to help both companies compete with streaming services and address Dish's debt. DirecTV, owned by AT&T and TPG, will control the new entity. Regulatory concerns remain.

Portfolio Pulse from Vandana Singh

September 27, 2024 | 12:20 pm

WW International, Inc. (NASDAQ:WW) announced a leadership change with Tara Comonte appointed as Interim CEO, succeeding Sima Sistani. Sistani led the company's digital transformation and telehealth expansion.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:05 pm

PRMW

Primo Water and an affiliate of Bluetriton Brands have received regulatory approval under the Investment Canada Act for their previously announced all-stock combination.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 10:35 am

CVX

HES

XOM

The FTC is blocking John Hess from joining Chevron's board as part of the $53 billion Chevron-Hess merger deal. This condition is set to secure antitrust approval. The merger still faces arbitration issues involving Exxon Mobil and China National Offshore Oil Corporation over a project in Guyana.

Portfolio Pulse from Benzinga Neuro

September 27, 2024 | 10:06 am

SATS

TPG

DirecTV is reportedly nearing a deal to acquire EchoStar's Dish and Sling businesses, a merger that has been in discussion for years. This potential acquisition could significantly impact the satellite TV market.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 9:14 am

UNIT

Uniti Group Inc. (NASDAQ:UNIT) announced the pricing of $800M in new Senior First Lien Notes by Windstream subsidiaries as part of a post-merger debt restructuring plan. The notes and a $500M term loan facility are part of a $1.3B financing effort ahead of a planned merger between Uniti and Windstream.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 7:05 am

BMY

PRTC

PureTech Health's Cobenfy, a treatment for schizophrenia, has received FDA approval, triggering $29M in milestone payments. The drug, developed by PureTech and now under Bristol Myers Squibb, marks a significant innovation in schizophrenia treatment. PureTech's business model, which includes strategic royalty agreements, has generated $1.1 billion, enabling further program advancements.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 6:39 am