Streetbeat News

Acquisitions Mergers

OPRX

OptimizeRx Corporation (OPRX) forecasts a significant revenue increase of over 40% YoY for 1Q24, expecting to achieve $18.5M-$19.2M, surpassing the $17.03M estimate. This growth is attributed to strong organic growth from its Dynamic Audience Activation Platform (DAAP) and the acquisition of Medicx Health in October 2023. The company also reports progress in commercial integration and cross-selling activities with Medicx, highlighting a potential $2.8 billion opportunity with existing brands. Despite the revenue growth, OPRX anticipates a GAAP net loss and Adjusted EBITDA loss for the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:37 am

IYT

JETS

LUV

Southwest Airlines Co (NYSE:LUV) is considering abandoning its open seating policy for assigned seats and premium options to attract younger travelers. This marks a significant shift from its traditional model since 1971. The decision is part of a broader strategy to meet evolving customer expectations, with an official announcement expected in September. Additionally, Southwest announced the closure of operations at four airports. The company's stock has declined over 11% in the past year, impacting investors in LUV and related ETFs like U.S. Global Jets ETF (NYSE:JETS) and iShares U.S. Transportation ETF (BATS:IYT).

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 11:12 am

APO

SLCA

U.S. Silica stockholders will receive $15.50 per share in cash, an 18.7% premium over the closing share price as of April 25, 2024. This announcement likely indicates a significant transaction involving U.S. Silica.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:09 am

APO

SLCA

U.S. Silica has agreed to be acquired by funds managed by affiliates of Apollo at an enterprise value of $1.85 billion. This acquisition marks a significant transaction in the materials sector, potentially altering the competitive landscape.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:06 am

PSX

Phillips 66 aims to increase its mid-cycle adjusted EBITDA to $14 billion by 2025 and return over 50% of operating cash flow to shareholders. The company has already distributed $9.9 billion through share repurchases and dividends since July 2022, targeting $13 billion to $15 billion by the end of 2024. It also plans to divest assets not fitting its long-term strategy, including its retail marketing business in Germany and Austria.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:03 am

MSFT

Microsoft Corp's CEO Satya Nadella is planning a visit to Southeast Asia to discuss AI developments with government officials and developers. The visit aims to strengthen Microsoft's AI initiatives in the region, leveraging its Azure cloud-computing unit and partnership with OpenAI. Microsoft's focus on AI has driven demand for its software and cloud services, contributing to a 17% increase in third-quarter revenue to $61.9 billion, surpassing analyst estimates. The company also highlighted its record-breaking gaming performance and expansion plans.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 10:12 am

VINP

Vinci Partners is set to acquire MAV Capital, aiming to expand its reach in Brazil's agribusiness sector. This move is intended to consolidate Vinci's position in a significantly underserved segment, leveraging Brazil's status as a key global player in agribusiness. The acquisition, aligning with Vinci's growth strategy, will enhance its credit segment and establish a dedicated agribusiness vertical.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 7:23 am

ALCC

AltC Acquisition Corp. has scheduled a special meeting to seek approval for a business combination with Oklo. This strategic move could significantly impact ALCC's future operations and market positioning.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:37 am

GOOGL

INTC

MSFT

ROKU

TSLA

Major U.S. indices fell, with Alphabet, Microsoft, Intel, Roku, and Tesla being the top trending stocks. Alphabet announced a $70B buyback and its first dividend, Microsoft and Roku reported revenue increases, Intel missed sales estimates, and Tesla's stock is expected to rise according to Ron Baron.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:35 am

BHP

FCX

GLNCY

NGLOY

RIO

VALE

BHP Group's nearly $40 billion bid for Anglo American may spark a bidding war for the copper-rich company, as demand for copper surges with the global shift towards clean energy. BHP's offer, seen as low by analysts, could lead to higher bids from rivals like Glencore, Vale, and Rio Tinto. The deal highlights the increasing value of copper assets amid a global scramble for resources essential to the clean energy transition.

Portfolio Pulse from Matt Whittaker

April 25, 2024 | 9:53 pm