Streetbeat News

Acquisitions Mergers

SHEL

Shell and Triton West have agreed to sell their entire interest in the Sinco Pipeline System and Colex Terminal to Edgewater Midstream. This transaction marks a strategic move for Shell as it continues to optimize its portfolio.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 7:57 pm

JNJ

Johnson & Johnson (NYSE:JNJ) has achieved a Golden Cross, a bullish technical pattern indicating potential upward momentum. The stock's 50-day SMA has crossed above the 200-day SMA, and it trades above key moving averages. Additionally, JNJ's FDA submission for nipocalimab and strategic acquisitions bolster its growth prospects.

Portfolio Pulse from Surbhi Jain

August 29, 2024 | 7:18 pm

WTO

UTime Ltd (NASDAQ:WTO) experienced significant stock volatility, dropping 93% after announcing a non-disclosure agreement with Bowen Therapeutics for a lab acquisition. The stock rebounded 48% after a press release addressing the volatility. UTime aims to enter the global vaccine market, focusing on mpox vaccine development.

Portfolio Pulse from Henry Khederian

August 29, 2024 | 7:15 pm

AAPL

MSFT

Apple is reportedly in talks to invest in OpenAI, potentially increasing its presence in the AI sector. This comes as OpenAI's valuation reaches $100 billion, with Microsoft also expected to invest further.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 7:10 pm

SCWX

SecureWorks shares are rising due to reports that Dell is considering selling the company, working with advisors to explore this option.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:57 pm

DELL

SCWX

Dell Technologies is reportedly exploring the sale of its cybersecurity unit, SecureWorks, with the help of financial advisors, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 6:56 pm

AAPL

MSFT

Apple is in discussions to invest in OpenAI as part of a new funding round, joining Microsoft and Thrive Capital. This move aims to strengthen Apple's position in the AI sector.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:45 pm

AZUL

Azul SA shares hit a record low as the airline explores options to manage its debt, including an equity offering and a potential merger with Gol Linhas Aereas. Chapter 11 is considered a less preferred option. Citi is advising on a possible follow-on offering.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:41 pm

OKE

ONEOK shares rise following the announcement of its acquisition of Medallion and a controlling interest in EnLink.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:05 pm

SNDL

SNDL Inc. has successfully bid to acquire Indiva Limited's business and assets, including its facility and brand portfolio, to enhance its market share in the Canadian cannabis edibles sector. The transaction awaits court approval and is expected to close in SNDL's fourth quarter.

Portfolio Pulse from Jelena Martinovic

August 29, 2024 | 5:05 pm