Streetbeat News

Acquisitions Mergers

AEP

AMZN

EXC

FDIS

NNE

ONLN

Amazon is exploring nuclear energy to meet its growing energy needs, as indicated by a job posting for a Principal Nuclear Engineer. This move follows a $650 million deal with Talen Energy for a data center campus powered by nuclear energy. The decision has sparked controversy, with utility companies AEP and Exelon objecting to the arrangement. Amazon's nuclear ambitions highlight its commitment to clean energy but also raise regulatory concerns.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2024 | 3:45 pm

INTC

NVDA

QCOM

Qualcomm is reportedly considering a takeover of Intel, which has seen a 60% stock decline this year. The potential acquisition faces antitrust challenges but could significantly expand Qualcomm's business. Intel has been struggling with financial losses and declining market value.

Portfolio Pulse from Ananya Gairola

September 21, 2024 | 3:33 am

INTC

QCOM

Qualcomm has reportedly approached Intel regarding a potential takeover, as reported by the Wall Street Journal. This development could have significant implications for both companies in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 7:26 pm

ABBV

BMY

Bristol-Myers Squibb's acquisition of Karuna Therapeutics positions it to potentially launch KarXT, the first new schizophrenia treatment in 70 years, pending FDA approval. This could significantly impact the treatment landscape, though high costs and systemic healthcare challenges may limit access.

Portfolio Pulse from Vandana Singh

September 20, 2024 | 7:12 pm

ENFN

Enfusion shares rise as the company considers strategic options, including a potential sale, by interviewing investment banks.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 6:32 pm

BATL

BNZI

CEG

CRBP

FDX

SOC

U.S. stocks mostly declined with the Nasdaq Composite falling 0.5%. Notable stock movements included Banzai International's 87% rise, Battalion Oil's 122% surge, and Constellation Energy's 19% gain. Sable Offshore and FedEx saw significant declines. Crude oil prices increased by 0.6%.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 6:17 pm

RILY

SF

B. Riley Financial is reportedly in discussions to sell its wealth management unit to Stifel Financial for over $100 million, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:49 pm

ENFN

Enfusion is reportedly interviewing investment banks to explore strategic options, including a potential sale. This move indicates that the company is considering significant changes to its business structure.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:47 pm

NBY

NovaBay Pharmaceuticals shares surged after announcing a $9.5 million sale of its Avenova assets to Physician Recommended Nutraceuticals, expected to close in Q4 2024 pending shareholder approval.

Portfolio Pulse from Dylan Berman

September 20, 2024 | 5:28 pm

BATL

FDX

LEN

U.S. stocks showed mixed performance with notable movements in specific companies. Battalion Oil surged 120% after amending its merger agreement with Fury Resources. Lennar Corporation reported strong Q3 results. FedEx fell 15% due to weak Q1 results and lowered guidance.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 4:39 pm