Streetbeat News

Acquisitions Mergers

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Donald Trump has announced that if he is elected, he will stop the merger between United States Steel and Japan's Nippon if it is not completed by then. This statement could impact the stock prices of United States Steel in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 5:05 pm

WOLF

Wolfspeed Inc (NYSE:WOLF) shares surged after announcing potential funding of up to $2.5 billion under the CHIPS and Science Act. This includes $750 million from the U.S. Department of Commerce, $750 million from investment funds, and $1 billion in tax refunds. The funds will support Wolfspeed's expansion in silicon carbide manufacturing, enhancing U.S. production capabilities.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 4:30 pm

BYD

Chery, a major Chinese automaker, is experiencing significant growth in exports and new energy vehicle sales. The company is considering an IPO in Hong Kong, with a valuation significantly lower than previously reported. Chery's exports have surpassed those of BYD, making it China's top car exporter. The company is expanding its production capabilities in Europe and Southeast Asia, despite potential delays due to EU tariffs.

Portfolio Pulse from The Bamboo Works

October 15, 2024 | 4:28 pm

BAC

CEG

GLD

GOOG

GS

JNJ

NEM

NNE

OKLO

PEG

SMR

UNH

VST

Google has signed an agreement for nuclear power in AI data centers, impacting stocks like Alphabet and nuclear companies. Israeli restraint on Iran affects gold, oil, and stocks. Earnings reports from major companies like Bank of America and Goldman Sachs show better-than-expected results, while Johnson & Johnson and UnitedHealth Group face challenges.

Portfolio Pulse from The Arora Report

October 15, 2024 | 4:21 pm

VINE

Fresh Vine Wine shares are trading lower following the announcement of its acquisition of Adifex.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:55 pm

BTBT

Bit Digital Inc (NASDAQ:BTBT) shares rose after acquiring Enovum Data Centers for $46 million, enhancing its high-performance computing operations. The acquisition aims to improve margins and competitive positioning by vertically integrating its HPC business.

Portfolio Pulse from Adam Eckert

October 15, 2024 | 2:47 pm

EWY

Activist investor Palliser Capital has acquired over a 1% stake in SK Square, the largest shareholder in AI chip maker SK Hynix, and is advocating for changes to enhance share value.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:43 pm

ACI

KR

Albertsons Companies Inc (NYSE:ACI) reported a 1.43% increase in Q2 sales to $18.55 billion, surpassing expectations. Despite growth in pharmacy and digital sales, the company faces margin pressures and competitive challenges in 2024. Albertsons announced a $0.12 dividend per share. Kroger (NYSE:KR) extended its offer related to Albertsons' acquisition.

Portfolio Pulse from Akanksha Bakshi

October 15, 2024 | 2:18 pm

GS

Goldman Sachs CEO stated that the company is not yet operating at the 10-year average levels for equity and M&A volumes, indicating potential challenges in these areas.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:55 pm

ADP

ADP has acquired WorkForce Software to expand its global workforce management solutions and drive future innovation. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:31 pm