Streetbeat News

Acquisitions Mergers

ABAT

American Battery Technology Company (ABTC) has been awarded an additional $40.5M tax credit by the U.S. Department of Treasury to accelerate the construction of a new lithium-ion battery recycling facility in the U.S. This award, part of the Qualifying Advanced Energy Project Credits program, supplements a previous $20M credit and aims to expand North America's closed-loop battery metals supply chain. ABTC is engaging with major automotive OEMs and battery cell manufacturers for recycling services and is planning the new facility to increase domestic critical battery minerals manufacturing capacity.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:26 pm

PARA

David Faber on CNBC mentioned that an Ellison-led bid for Paramount Global would necessitate the company to raise new equity. This information is crucial for investors monitoring Paramount Global's shares.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:21 pm

AAPL

NVDA

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's potential surge, to tech updates like iPhone 16 rumors and Tesla's EV developments. It also touches on US and world politics, market movements, and company-specific news such as Apple's stock sale by CEO Tim Cook and Nvidia's supplier investment in the US chip sector.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 1:11 pm

GREE

Greenidge Generation Holdings Inc. (NASDAQ:GREE) announced its expansion with 60 MW of low-cost power in South Carolina, adding to its recent 100 MW capacity increase across Mississippi and North Dakota. The company plans to develop a GPU data center in South Carolina by June 2025 and is considering an additional 250 MW expansion. In March, Greenidge produced 130 bitcoin and expects its hash rate to increase to 2.87 EH/s with the deployment of over 2,700 miners.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:09 pm

CVX

Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., has led a $45 million Series A financing round for ION Clean Energy, a company specializing in carbon capture technology. This investment aims to support ION's growth and the commercial deployment of its ICE-31 liquid amine carbon capture technology, targeting hard-to-abate emissions. The collaboration is part of Chevron's strategy to expand its carbon capture, utilization, and storage (CCUS) capabilities and contribute to a lower carbon future. Additionally, Timothy Vail has been appointed as CEO of ION, bringing experience from Arbor Renewable Gas, LLC, and G2X Energy, Inc.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:03 pm

TPG

TPG has announced the reopening of its takeover offer for Intervest, transitioning the offer to a simplified squeeze-out. The bid price will be adjusted to account for a dividend expected to be approved at Intervest's AGM.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:59 pm

HTCR

HeartCore Enterprises, Inc. (NASDAQ:HTCR) has established a new division focused on developing AI software solutions, leveraging its U.S.-based subsidiary Sigmaways. This move aims to meet the growing demand for AI technologies in the U.S. and Japan. The division, staffed with newly recruited engineers and seasoned professionals, is working on an AI solution prototype to evaluate startup investment readiness. HeartCore's CEO, Sumitaka Kanno Yamamoto, highlights the strategic importance of AI in the company's expansion and anticipates revenue growth and technology expansion through this initiative.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:58 pm

AXNX

BSX

Axonics (AXNX) and Boston Scientific (BSX) shares are trading lower after receiving a request for additional information from the FTC regarding their merger agreement. The completion of the merger is now anticipated in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:57 pm

OI

O-I Glass, Inc. (NYSE:OI) announced Gordon J. Hardie as its next CEO effective May 15, 2024, succeeding Andres Lopez. Hardie, with over 35 years of leadership experience, previously served at Bunge Limited. John H. Walker, the Independent Board Chair, will retire at the 2024 Annual Meeting. O-I also nominates Eric J. Foss and Cheri Phyfer for Board election, aiming to continue its innovation and growth in the glass manufacturing industry.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

AXNX

BSX

Boston Scientific and Axonics received a request for additional information from the FTC regarding their merger review, delaying the expected completion to the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm