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AMZN

FXI

GOOGL

META

White House National Security Adviser Sullivan stated efforts are ongoing to work through TikTok's divestment in a manner that aligns with national security concerns. He emphasized that China should permit the sale of TikTok, noting there are several interested buyers.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:38 pm

Blackstone is reported to be in the process of acquiring Tropical Smoothie Cafe, with the deal valued at nearly $2 billion, including debt.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 6:56 pm

AMST

ATXI

BOF

EVO

ISUN

RILY

U.S. stocks saw a slight decline with the S&P 500, Dow, and NASDAQ all falling. AT&T reported a slight revenue decrease but beat EPS estimates. BranchOut Food, Amesite, and B. Riley Financial shares surged following positive company news, while Evotec, Avenue Therapeutics, and iSun shares plummeted. Oil and gold prices fell, while copper and silver also saw declines.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 6:33 pm

GELYY

PSNY

Polestar Automotive Holding UK Limited (NASDAQ:PSNY) is expanding production outside China due to tariff concerns and geopolitical tensions. CEO Thomas Ingenlath plans to increase exports of the Polestar 3 from South Carolina to the EU. This move comes as Chinese EV companies face scrutiny in Europe and the U.S. over state subsidies. After a major ownership restructuring, with Geely Automobile Holding (OTC:GELYY) and a private firm now holding a 69% stake, Polestar aims for a global sales distribution targeting 155,000 to 165,000 cars by 2025. PSNY shares dropped 3.94% to $1.23.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 5:31 pm

Concord is reportedly planning to increase its bid for Hipgnosis to approximately $1.25 per share, aiming to surpass a competing offer from Blackstone (BX), according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 5:27 pm

HCP

IBM

HashiCorp's stock price increased after a report indicated that IBM is considering an acquisition offer of approximately $35 per share for the company.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 5:20 pm

KKR

TIAIY

KKR & Co. Inc. (NYSE:KKR) shares fell due to concerns from EU antitrust regulators about its planned purchase of Telecom Italia's (OTC:TIAIY) fixed-line network, which could affect Italy's wholesale market. The deal, valued at 22 billion euros, faces scrutiny that may require KKR to offer significant remedies amid fears of potential price increases post-deal. The acquisition is part of a government-backed initiative to reduce debt and revitalize Telecom Italia.

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 5:19 pm

KKR

KKR has decided to halt the $10 billion sale of Upfield after negotiations with ADQ failed. The company is now considering an IPO or selling a minority stake as alternatives, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 5:15 pm

HCP

IBM

IBM is reportedly offering approximately $35 per share to acquire HashiCorp, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:50 pm

BBJP

DXJ

EWJ

WisdomTree's CIO, Jeremy Schwartz, is bullish on Japan's economy due to a transformative 'new corporate culture' focused on shareholder value maximization. Warren Buffett's endorsement and investment in five Japanese trading companies further highlight Japan's appeal. The WisdomTree Japan Hedged Equity ETF (DXJ) aims to capitalize on this by using currency hedging to mitigate exchange rate volatility, boasting a 47% growth over the past year. Other ETFs like iShares MSCI Japan ETF (EWJ) and JPMorgan BetaBuilders Japan ETF (BBJP) also show positive performance.

Portfolio Pulse from Surbhi Jain

April 24, 2024 | 4:46 pm