Streetbeat News

Acquisitions Mergers

DJT

MSFT

PLTR

TSLA

Benzinga's analysis highlights the best and worst performers, with tech stocks like Microsoft showing strong growth potential, especially in AI, and Palantir boosting sales through innovative strategies. Meanwhile, concerns arise over cryptocurrency market stability and potential stock manipulation in Trump Media. Tesla faces accusations of misrepresenting Full Self-Driving capabilities, likening it to Enron.

Portfolio Pulse from Michael Cohen

April 27, 2024 | 6:03 pm

BRK-A

COST

HomeServices of America, a Berkshire Hathaway (NYSE: BRK-A) subsidiary, agreed to pay $250 million to settle an antitrust lawsuit over real estate commissions, potentially reducing commissions by 25%. The settlement follows a $1.78 billion jury verdict and is part of over $943 million in settlements involving the National Association of Realtors and other brokerages. The settlement will result in a $140 million after-tax charge for HomeServices. This comes as Berkshire Hathaway faces scrutiny over missed investment opportunities, including a potential $1.5 billion gain from Costco (NASDAQ: COST) shares.

Portfolio Pulse from Bibhu Pattnaik

April 27, 2024 | 1:38 pm

BYDDY

FSRN

KARS

TSLA

VFS

Tesla, Inc. (TSLA) led a recovery in EV stocks with its earnings call updates, including an accelerated production start for a new model and the Tesla Semi's manufacturing plans. Fisker, Inc. (FSRN) is in talks for a potential sale due to liquidity concerns. BYD Co. Ltd. (BYDDY, BYDDF) announced its first energy pickup truck, the BYD Shark. VinFast Auto Ltd. (VFS) may receive additional investment from its founder. Rivian offered discounts on new R1 models. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 12:48 pm

FRBK

FULT

U.S. regulators have seized Republic First Bancorp (OTC:FRBK) and facilitated its sale to Fulton Bank, a subsidiary of Fulton Financial Corp (NASDAQ:FULT), amid ongoing regional banking challenges. This move comes after Republic First's failed negotiations with investors and marks a significant expansion for Fulton in the Philadelphia area, with the acquisition of Republic Bank's assets and deposits.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 6:23 am

AAUKF

BHP

GATO

HYMC

IPX

Anglo American (OTC:AAUKF) rejected a $39-billion takeover bid from BHP Group (NYSE:BHP), citing it as undervalued. Gatos Silver Inc (NYSE:GATO) reported promising mineral findings in Mexico. IperionX ADR (NASDAQ:IPX) installed a new titanium furnace in Virginia, aiming for efficient titanium production. Hycroft Mining Holding Corporation (NASDAQ:HYMC) will join the Solactive Global Silver Miners Total Returns Index, recognizing its significant silver mining operations.

Portfolio Pulse from austin@walkonholdings.com

April 26, 2024 | 8:53 pm

MSFT

Blizzard has canceled BlizzCon 2024, opting for smaller events and participation in trade shows like Gamescom. The decision follows a year of significant changes for Blizzard, including Microsoft's acquisition of the company and leadership shifts. Despite the cancellation, Blizzard plans to bring back BlizzCon in future years. The video game industry is currently facing challenges, highlighted by Microsoft's recent layoffs of 1,900 employees across Activision Blizzard and Xbox.

Portfolio Pulse from Franca Quarneti

April 26, 2024 | 8:41 pm

LLY

Eli Lilly has issued a statement clarifying that it does not endorse Tutanota's unsolicited mini-tender offer and is not associated with Tutanota in any way. The company also warned its shareholders that if Tutanota extends its offer, the payment would be delayed beyond the scheduled expiration date of Friday, May 17.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:27 pm

HTLF

UMBF

UMB Financial is currently in discussions to acquire its competitor, Heartland, according to Bloomberg News. This potential acquisition could significantly impact the banking sector, particularly for these two entities.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:22 pm

FANG

Diamondback Energy, Inc. (NASDAQ:FANG) received stockholder approval for its proposed business combination with Endeavor Energy Resources, L.P., including an amendment to increase the authorized number of Diamondback common stock shares. The transaction is subject to customary closing conditions and regulatory approval under the Hart-Scott-Rodino Act.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 8:02 pm

BHP

KGC

NGLOY

TFPM

Elliott Management has acquired a $1 billion stake in Anglo American (OTCQX:NGLOY), pressuring the company after its rejection of a $39 billion takeover bid from BHP Group (NYSE:BHP). This move by Elliott, known for advocating strategic changes in its investments, comes as copper prices soar, potentially increasing Anglo American's value. Elliott's history includes pressuring BHP in 2017 and involvement with Kinross Gold (NYSE:KGC) and Triple Flag Precious Metals (NYSE:TFPM), indicating a strategic interest in the mining sector.

Portfolio Pulse from Stjepan Kalinic

April 26, 2024 | 7:56 pm