Streetbeat News

Acquisitions Mergers

CLSK

IONQ

LBPH

OKLO

TDS

WOLF

WVE

Several mid-cap stocks experienced significant gains last week. Oklo Inc. surged due to Amazon's investment in nuclear power. Wave Life Sciences saw a jump after successful RNA editing trials. Longboard Pharmaceuticals rose on acquisition news. Wolfspeed gained from potential CHIPS Act funding. CleanSpark benefited from Bitcoin's rise. Telephone and Data Systems increased after selling spectrum licenses. IonQ's shares rose ahead of its earnings report.

Portfolio Pulse from Lekha Gupta

October 20, 2024 | 9:22 pm

AAPL

AMD

META

MSFT

NVDA

TSM

The Biden administration is considering restrictions on chip sales from NVIDIA and AMD to the Middle East. Apple has a secret deal with BYD for EV batteries and is expanding its payment offerings. Microsoft settles an antitrust lawsuit and expands cloud gaming. Meta faces layoffs and legal challenges. TSMC starts manufacturing A16 chips for Apple in the US.

Portfolio Pulse from Lekha Gupta

October 20, 2024 | 5:45 pm

LUV

Southwest Airlines is in settlement talks with Elliott Management to avoid a proxy fight for board control. Elliott, holding an 11% stake, seeks board representation to improve governance and financial performance. Talks are ongoing but not finalized.

Portfolio Pulse from Anan Ashraf

October 20, 2024 | 4:17 am

ACTV

AIRL

JBLU

SAVE

ULCC

Spirit Airlines has extended its debt deadlines and is renegotiating agreements amid financial struggles, including a halted merger with JetBlue. JetBlue's founder suggests a merger with Frontier Group would have been more suitable. Spirit has faced significant losses and operational challenges.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2024 | 5:30 pm

AAPL

MRNA

NFLX

OKLO

TSLA

Benzinga highlights recent stock market trends and company news, including Apple's record iPhone sales, Oklo's rise on a Google nuclear deal, and meme coins' rapid valuation growth. Meanwhile, Moderna faces a lawsuit, and Tesla encounters new competition from a Chinese EV maker.

Portfolio Pulse from Michael Cohen

October 19, 2024 | 1:00 pm

LCID

TSLA

Lucid Group's CEO, Peter Rawlinson, discussed the company's significant investment from Saudi Arabia's PIF, its rivalry with Tesla, and Elon Musk's political distractions. Lucid is building a factory in Saudi Arabia and recently announced a public stock offering. Despite scaling back production targets, Lucid claims to outperform Tesla in some markets.

Portfolio Pulse from Erica Kollmann

October 19, 2024 | 12:01 pm

CI

Cigna Group shares are trading lower following reports that the company has resumed merger discussions with Humana, which had previously ended last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:48 pm

CI

HUM

Humana shares are rising following reports that Cigna has resumed merger discussions with the company, which had previously ended last year.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:45 pm

CI

HUM

Cigna has resumed merger discussions with Humana after previous talks ended last year. This development could significantly impact the healthcare industry and the involved companies.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 8:43 pm

HUM

Traders are circulating an unconfirmed rumor from a blog suggesting that Humana has received a takeover bid. This has caught the attention of market participants, although the information is not verified.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 6:59 pm