Streetbeat News

Acquisitions Mergers

RLX

RLX Technology Inc., a leading branded e-vapor company, has announced the acquisition of two companies for a total consideration of approximately $25 million. These acquisitions are part of RLX Technology's strategy to expand its international presence. The company's board of directors and audit committee have approved the share purchase agreements for these business acquisitions.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:07 am

NIO

NIO has entered into definitive agreements with Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) to acquire manufacturing equipment and assets from JAC's first and second advanced manufacturing bases for RMB3.16 billion, excluding tax. JAC is a key partner in manufacturing all current NIO vehicle models.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:40 am

NDAQ

Nasdaq (NDAQ) and nuam exchange, formed by the merger of Santiago, Lima, and Colombia stock exchanges, have announced a strategic technology partnership to develop a new marketplace in Latin America. This partnership aims to integrate, develop, and expand the trading platform in the region.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:01 am

ALK

AZO

SJM

TOL

The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone with a reading of 68.4. U.S. stocks closed lower on Monday, with the S&P 500 falling after a strong close on Friday. Bitcoin surpassed $41,000, and gold reached a record intraday high. U.S. factory orders declined by 3.6% in October. Alaska Air Group's shares dropped over 14% after announcing the acquisition of Hawaiian Airlines for $18 per share. Sectors like real estate and health care closed higher, against the general market trend. Investors are looking forward to earnings from Toll Brothers, AutoZone, and The J. M. Smucker Company.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 7:09 am

AAPL

A check signed by Apple Inc co-founder Steve Jobs in 1976 is expected to fetch over $20,000 at auction. The check, which references the 'Apple Computer Company,' is a rare collectible as Jobs was known for rarely giving autographs. In the past, items signed by Jobs have sold for high amounts, with a letter declining an autograph request selling for $479,939 in 2021. The auction for the check is currently active with bids exceeding $22,000. Radio Shack, mentioned in the check's history, filed for bankruptcy in 2015.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 6:13 am

COIN

HOOD

TOST

Ark Invest, led by Cathie Wood, sold over $1.4 million worth of Coinbase (COIN) shares and purchased additional shares of Robinhood (HOOD). The transactions occurred as Bitcoin (BTC) trades above $40,000, indicating a bullish crypto market. Ark's trades through its ETFs ARKK and ARKF suggest a strategic portfolio adjustment in the fintech and cryptocurrency sectors. The firm also invested in Toast Inc (TOST) and PagerDuty Inc (PD), reflecting confidence in digital payment, restaurant technology, and cloud computing.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 3:30 am

EYPT

GTLB

HUT

TSLA

TTWO

U.S. stocks fell on Monday, with the Dow Jones down 0.11%, NASDAQ down 0.84%, and S&P 500 down 0.54%. EyePoint Pharmaceuticals soared 177.46% after positive trial results. Hut 8 Mining dropped 11.75% post-business combination. GitLab rose 0.88% on strong Q3 results. Take-Two Interactive slightly fell 0.18% after revealing GTA 6's first female lead. Tesla declined 1.36% amid Cybertruck pricing discussions.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 2:23 am

LLY

NVO

RHHBY

Jim Cramer highlighted the 'transformational' impact of GLP-1 weight loss drugs like Ozempic, suggesting investors focus on potential winners from the growing demand for these drugs. Eli Lilly (LLY) and Novo Nordisk (NVO), manufacturers of GLP-1 drugs, are immediate beneficiaries. Other sectors like high-protein food manufacturers and construction companies for pharmaceutical facilities, as well as the apparel sector, could also benefit. Roche Holding AG (RHHBY) has entered the competition by acquiring Carmot Therapeutics, indicating a heated market for obesity treatment drugs.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 1:24 am

ARCE

Arco Platform has announced that its shareholders have approved the merger agreement for the company to go private. This move will result in the delisting of Arco Platform's shares from the stock exchange.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 10:58 pm

FFNTF

ITHUF

JSDA

XBRAF

XXII

The cannabis industry sees a wave of executive appointments and board updates. Aaron Lopez is now the head of the National Hispanic Cannabis Council. The Blinc Group, 22nd Century Group, and Healing Commercial Real Estate Inc. have appointed new CEOs. 22nd Century Group (XXII) also sold its hemp/cannabis operations to Specialty Acquisition Corporation. Xebra Brands Ltd. (XBRAF) and iAnthus Capital Holdings, Inc. (ITHUF) elected new board directors. 4Front Ventures Corp. (FFNTF), Wana Brands, Jones Soda Co. (JSDA), FundCanna, FloraWorks Holdings Inc., and Ziel announced other key appointments.

Portfolio Pulse from Jelena Martinovic

December 04, 2023 | 10:46 pm