Streetbeat News

Acquisitions Mergers

CURLF

Curaleaf Holdings (OTC:CURLF) is experiencing significant growth in the European market, particularly in Germany, and is expanding its operations in the U.S. The company has achieved high gross margins through vertical integration and strategic acquisitions. Curaleaf is also entering the hemp derivatives market and plans further expansion in Ohio, Pennsylvania, and Florida.

Portfolio Pulse from Nicolás Jose Rodriguez

July 03, 2024 | 5:04 pm

DM

Desktop Metals shares are trading higher after Nano Dimension announced it will acquire the company.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:02 pm

BTCT

BTC Digital Ltd. has announced the acquisition of an Arkansas-based Bitcoin mining facility for $1.99 million. This strategic move aims to reduce operational costs, ensure a stable energy supply, and offer leading mining machine hosting services, enhancing BTC Digital's competitiveness in the cryptocurrency mining industry.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:02 pm

PR

Permian Resources Corp (NYSE:PR) received an upgrade from BMO Capital Markets due to its top-tier cost structure and strong operational performance. Analyst Phillip Jungwirth upgraded the stock from Market Perform to Outperform, citing the company's large-scale and low-cost footprint in the Delaware Basin, impressive M&A track record, and potential for continued growth.

Portfolio Pulse from Priya Nigam

July 03, 2024 | 4:50 pm

GLD

PARA

PARAA

SLV

SPY

TSLA

Paramount and Skydance are reportedly approaching a deal, US private job creation falls short of expectations, Tesla continues to rise, and gold and silver prices surge.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 4:13 pm

SNY

Sanofi's CEO announced that the company is in discussions with private equity firms regarding the sale of its consumer healthcare division.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:59 pm

CERE

Cerevel Therapeutics shares are trading lower due to unconfirmed rumors that FTC staff may recommend challenging the AbbVie merger.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:58 pm

BG

South Africa's Competition Tribunal has approved the proposed merger in which Bunge Global SA intends to acquire Viterra Limited, with certain conditions attached.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:50 pm

ABBV

CERE

Traders are closely monitoring Cerevel Therapeutics as blog comments suggest that the FTC staff may recommend challenging the merger between Cerevel Therapeutics (CERE) and AbbVie (ABBV).

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:27 pm

DECA

SCLX

Semnur Pharmaceuticals, a subsidiary of Scilex Holding Company (NASDAQ:SCLX), has signed a $2 billion SPAC deal with Denali Capital Acquisition Corp. (NASDAQ:DECA) to go public. Semnur focuses on non-opioid pain therapies and has a promising lead program, SP-102 (SEMDEXA), which has shown positive Phase 3 trial results for treating sciatica. The deal is expected to be completed in the second half of 2024, with potential peak sales of $3.6 billion annually.

Portfolio Pulse from Vandana Singh

July 03, 2024 | 2:51 pm