Streetbeat News

Acquisitions Mergers

RKLB

Rocket Lab USA Inc (NASDAQ:RKLB) shares are trading higher after being awarded a $14.49 million launch contract by the U.S. Space Force for the Space Test Program-30 mission. The mission aims to deliver research experiments and technology demonstrations to orbit and is scheduled within 24 months. Wall Street analysts generally view RKLB as a Buy, despite a 27.55% fall in the past 3 months. The stock was up 2.37% at $3.86 at the time of publication.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 1:45 pm

PZZA

Papa John's International Inc (NASDAQ:PZZA) is set to expand its presence in the US by opening 50 new restaurants by 2028 in partnership with franchisee Nadeem Bajwa and The Bajco Group. This move aligns with Papa John's Back to Growth Program, aimed at accelerating growth in North America and improving restaurant-level margins. The expansion will enhance Bajwa's portfolio, aiming for 500 Papa John's locations, and will focus on the Midwest, Arizona, Pennsylvania, and Florida.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 1:29 pm

WSR

Whitestone REIT has completed the acquisition of Scottsdale Commons, a retail property, for $22.2 million. This strategic move aims to enhance Whitestone's portfolio and presence in the Scottsdale area.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:21 pm

GIPR

Generation Income Properties (GIPR) announced that it will not provide guidance on future financial results or details on potential acquisitions and dispositions at this time.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:20 pm

DJT

Former President Donald Trump's net worth declined by over $2 billion after shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) plummeted nearly 44% from their peak. The stock's downturn follows demands for an investigation into its merger with Digital World Acquisition, despite CEO Devin Nunes asserting the company's strong financial position. Trump, holding a 57% stake and unable to sell until the lockup period ends, faces significant losses.

Portfolio Pulse from Rounak Jain

April 09, 2024 | 1:20 pm

SNPX

Synaptogenix has acquired a 25% stake in Cannasoul, as reported in its latest 10-K filing. As of December 31, 2023, Synaptogenix had a cash balance of $28.7 million. The company also underwent a recent reverse split, resulting in approximately 1,085,333 outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:18 pm

TCNNF

Kim Rivers, CEO of Trulieve (OTCQX:TCNNF), responded to Florida Governor Ron DeSantis's negative views on cannabis legalization, arguing that cannabis is scientifically proven to be healthier than alcohol and that its legalization in Florida would improve residents' quality of life. Trulieve has contributed $40 million to the Smart & Safe Florida campaign to support the cannabis legalization initiative, known as Amendment 3, which will be on the November 2024 ballot. If passed, this initiative could significantly expand the market for existing medical cannabis companies and increase state tax revenues.

Portfolio Pulse from Maureen Meehan

April 09, 2024 | 1:16 pm

BE

Bloom Energy Inc (NYSE:BE) shares are up in premarket trading after being awarded up to $75 million in tax credits by the Department of Energy, Treasury, and IRS under the Qualifying Advanced Energy Project 48C initiative. This funding, part of a $4 billion initiative announced by the White House, supports Bloom's expansion of domestic manufacturing and production capacity at its Fremont, California plant. The plant's output is significant for Bloom's Energy Server platform and Bloom Electrolyzer, contributing to the energy industry's decarbonization efforts.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 1:11 pm

ABT

EMR

F

HE

SE

VRTX

Jim Cramer discussed various companies on CNBC's 'Mad Money Lightning Round,' expressing preferences and concerns about their stocks. He prefers Abbott Laboratories over Penumbra, Inc., is wary of Hawaiian Electric Industries due to environmental damage, finds Sibanye Stillwater Limited strange, praises Emerson Electric Co. for recovering from a hostile takeover, criticizes a policy affecting Excelerate Energy, Inc., sees potential in Ford Motor Company despite underperformance compared to General Motors, and lauds Vertex Pharmaceuticals Incorporated.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 1:10 pm

HLTH

Cue Health announced a strategic review process to evaluate options, including a potential sale, as disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:08 pm