Streetbeat News

Acquisitions Mergers

JNJ

Johnson & Johnson (JNJ) reported a Q3 adjusted EPS of $2.42, beating expectations despite a 9% decline year-over-year. Sales rose 5.2% to $22.47 billion. The company updated its 2024 EPS guidance, factoring in the V-Wave acquisition. BofA Securities maintains a Neutral rating with a $170 price target, noting strong performance in oncology and potential challenges in the MedTech segment due to market pressures and litigation uncertainties.

Portfolio Pulse from Vandana Singh

October 16, 2024 | 6:31 pm

MSFT

Microsoft has ended its $1 Game Pass trial ahead of the Call of Duty: Black Ops 6 launch, which will be available on Game Pass. This strategic move aims to boost subscriptions but may impact traditional game sales. The decision follows Microsoft's acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

October 16, 2024 | 6:21 pm

BHP

BHP's chief executive's recent trip to South Africa has reignited speculation about a potential bid for Anglo American. This follows previous rumors and highlights BHP's interest in expanding its operations.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 5:23 pm

KTRA

Kintara Therapeutics has announced a correction to its previous announcement regarding a 1-for-35 reverse stock split as part of its proposed merger with TuHURA Biosciences. The trading will begin under the new symbol 'HURA' on October 18, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 4:56 pm

BlackBerry Ltd has projected its fiscal year 2025 revenue to be between $350 million and $365 million, with expectations of break-even results. The company is also exploring strategic options for its Cylance business.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 4:09 pm

KTRA

Kintara Therapeutics is implementing a 1-for-35 reverse stock split as part of a proposed merger with TuHURA Biosciences. The company will trade under the new name and symbol 'HURA' starting October 17, reducing outstanding shares to 1.6 million.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:59 pm

AIQ

AVEM

BABA

BIDU

NVDA

Alibaba and Baidu are investing in Horizon Robotics' $700M IPO, highlighting their confidence in the autonomous driving market. The funds will primarily support R&D. Alibaba's cloud unit is collaborating with Nvidia to enhance autonomous driving tech.

Portfolio Pulse from Anusuya Lahiri

October 16, 2024 | 3:27 pm

ACB

Aurora Cannabis Inc. has launched a new range of THC oil products in Australia, in collaboration with MedReleaf Australia. These products offer various cannabinoid ratios to cater to diverse patient needs. This move is part of Aurora's strategic expansion into international markets, following its acquisition of MedReleaf Australia.

Portfolio Pulse from Jelena Martinovic

October 16, 2024 | 2:54 pm

TAP

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has launched a series of fall-themed craft beers through its various beverage brands, following its acquisition of four craft breweries from Molson Coors Beverage Company (NYSE:TAP). The company is expanding its presence in the U.S. market with these new offerings and a strategic focus on cannabis and beverage industries.

Portfolio Pulse from Jelena Martinovic

October 16, 2024 | 2:44 pm

AMD

INTC

IVV

QCOM

VOO

Intel's stock is under pressure due to Qualcomm's postponed strategic offer and a cybersecurity probe by China. Qualcomm's potential acquisition of Intel faces antitrust scrutiny, while Intel struggles with market share loss and AI transition. Intel's stock is down 3.3%.

Portfolio Pulse from Anusuya Lahiri

October 16, 2024 | 2:42 pm