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Acquisitions Mergers

AAPL

BRK.B

Warren Buffett, the sixth-richest man in the world, has a net worth of $121.1 billion, largely due to his holding company, Berkshire Hathaway Inc. Berkshire Hathaway owns several businesses, including a significant insurance sector that generated $21.36 billion in revenue from premiums in Q3, up 14% year over year. GEICO, a Berkshire Hathaway company, reported a pretax underwriting profit of $1.05 billion in the last quarter. Buffett's investments, including Apple Inc. (NASDAQ:AAPL), lost about $13 billion in value in Q3, but Apple stock has since risen by nearly 40% over the past year. Buffett also owns NetJets Inc., which has turned profitable under new management, and See's Candies, which has delivered nearly 8,000% returns since 1972.

Portfolio Pulse from Aditi Ganguly

January 10, 2024 | 4:11 pm

ADC

ALX

MAC

NTST

The article discusses the importance of relative strength in selecting retail REITs and highlights five with strong performance, dividend yields, and growth. Alexander's Inc. (ALX) leads with a 15.56% return, followed by Macerich Co. (MAC), Realty Income Corp. (O), Agree Realty Corp. (ADC), and NetSTREIT Corp. (NTST). Analyst ratings and dividend information for these REITs are provided, along with their recent acquisitions and financial results.

Portfolio Pulse from Ethan Roberts

January 10, 2024 | 3:29 pm

ACN

Accenture has announced its intention to acquire Navisite, a cloud service provider. The financial terms of the deal have not been disclosed. This acquisition is expected to enhance Accenture's cloud offerings and expand its capabilities in cloud services.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 3:24 pm

MMM

3M Health Care's Medical Solutions Division received a $34.2 million award from the U.S. Army Medical Research Acquisition Activity to develop advanced wound care solutions. The program aims to improve treatment from point-of-injury to hospital, focusing on infection prevention, wound management, and healing in austere settings. 3M will collaborate with the University of Minnesota Medical School, 59MDW/ST, NAMRU-SA, and UT Health San Antonio. The funding supports product development and clinical studies for product registration over 2023-2027.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:18 pm

DDC

DayDayCook (DDC) has reached an agreement to acquire a 51% stake in G.L. Industry S.p.A. The acquisition details, including financial terms and strategic implications, were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:11 pm

AAPL

HPE

MSTR

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a dip following a false report about a Bitcoin ETF approval, leading to $200M in liquidations. MicroStrategy's Bitcoin paper gains are projected to reach $840M by 2024. Dogecoin faced liquidations amid rumors of its mascot's death. Apple removed Binance and others from the Indian App Store after a government crackdown. SEC Chair Gensler's Twitter account was compromised, and the incident was immortalized on Bitcoin. Robert Kiyosaki predicts Bitcoin will reach $150K soon. Elon Musk mocks the SEC with a Dogecoin meme. Peter Schiff advises selling Bitcoin after the fake news pump. In other news, Hewlett Packard Enterprise acquired Juniper Networks for $14B, and various companies and political figures made headlines.

Portfolio Pulse from Akanksha Bakshi

January 10, 2024 | 1:59 pm

INTC

NVDA

QCOM

QQQ

Intel Corp (INTC) announced its expansion into the automotive market with new AI chips at CES, including the acquisition of Silicon Mobility for EV energy management SoCs. Zeekr will be the first OEM to adopt Intel's new SoC. Intel faces competition from Nvidia (NVDA) and Qualcomm (QCOM) in the automotive semiconductor market. Intel's stock (INTC) outperformed the Invesco QQQ Trust, Series 1 (QQQ) last year, with a 63% gain compared to QQQ's 49%. INTC shares are up 0.27% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 10, 2024 | 1:42 pm

GAN

GAN Limited (NASDAQ: GAN), a provider of internet gaming solutions and sports betting, announced a Special Meeting of Shareholders on February 13, 2024, to vote on a merger with a subsidiary of SEGA SAMMY CREATION INC., affiliated with SEGA SAMMY HOLDINGS, INC. The meeting will be virtual, and shareholders of record as of January 2, 2024, are eligible to vote. The proxy statement and voting instructions have been mailed to eligible shareholders and are available on GAN's website.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:42 pm

BTBT

NVDA

SMCI

Bit Digital has expanded a customer contract for its AI division, now worth over $50M in annual revenue for 2,048 GPUs. To meet this demand, the company ordered 64 servers from Super Micro Computer, Inc., containing Nvidia HGX H100 GPUs, to be delivered by January 2024 and deployed in Iceland. Additionally, Bit Digital has entered a sale-leaseback agreement for 96 AI servers to finance this growth.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm

QFTA

AtlasClear, Inc. has extended its business combination agreement with Quantum FinTech Acquisition Corporation (QFTA) and restructured its proposed acquisition of Wilson-Davis & Co., Inc. The combined company, AtlasClear Holdings, Inc., is expected to trade on the NYSE American under the ticker symbol 'ATCH' after the closing of the business combination. AtlasClear also plans to acquire Commercial Bancorp of Wyoming and technology assets from Pacsquare Technologies, LLC, aiming to enhance its FinTech platform.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:33 pm