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Acquisitions Mergers

Ford Motor Co (NYSE:F) is delaying the launch of its new three-row electric vehicles in Oakville, Ontario, to 2027 from 2025, citing the need for further market development and advancements in battery technology. The company is also progressing with its Tennessee Electric Vehicle Center for a next-generation electric truck expected in 2026 and plans to begin tool installation at the Ohio Assembly Plant in spring 2025. Ford aims to offer hybrid powertrains across its entire Ford Blue lineup in North America by the end of the decade. In Q1 of 2024, Ford's electric vehicle sales increased by 86%, and hybrid sales rose by 42% year-over-year. The company is working with Unifor to address the impact of the launch delay on its workforce at Oakville. Ford's shares rose by 1.72% to $13.89.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 2:56 pm

Carlyle Group is considering the sale of StandardAero, an aviation service company, with the potential deal valued at around $10 billion, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:49 pm

TSLA

Tesla, Inc. is planning to import cars made at its Giga Berlin factory to India, following the country's relaxation of import duties. This move comes as Tesla aims to capitalize on the reduced tax rate for imported cars costing $35,000 or more, which now stands at 15% compared to the previous 70%-100%. The company is also reducing sourcing from China and looking to increase imports from India, with plans to invest in a charging network and a $2 billion manufacturing plant in India.

Portfolio Pulse from Shanthi Rexaline

April 04, 2024 | 2:46 pm

FBTC

GBTC

IBIT

James Wo, CEO of Digital Finance Group, predicts a high likelihood of ETH Spot ETFs approval, citing SEC's positive stance and previous approvals of ETH Futures ETFs. The anticipation mirrors the success of Bitcoin ETFs like GBTC, IBIT, and FBTC. Wo also discusses the strong Q1 2024 performance of the cryptocurrency market, potential in NFTs, and the importance of addressing security in blockchain and DeFi for future growth.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 2:41 pm

CVX

Chevron Corp (NYSE:CVX) has invested $45 million in Series A financing in ION Clean Energy, a Boulder, Colorado-based technology company specializing in carbon capture technology. This investment aims to support the growth and commercial rollout of ION's ICE-31 liquid amine carbon capture technology, targeting hard-to-abate emissions. The collaboration is part of Chevron's strategy to expand its technology portfolio and address emissions from industries with high-volume but low-concentration CO2 emissions, marking a significant step towards a lower carbon future.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 2:36 pm

APO

PARA

PARAA

Paramount Global has entered exclusive merger talks with Skydance Media, rejecting a $26 billion offer from Apollo Global Management. The decision, which surprised many including LightShed Ventures' Rich Greenfield, could end Shari Redstone's control over Paramount. Following the announcement, Paramount's shares surged nearly 15%. The merger with Skydance, led by David Ellison, aims to acquire National Amusements, significantly impacting the media industry amidst challenges like Hollywood strikes and a weak advertising market.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 2:23 pm

BURU

NUBURU, Inc. (NYSE:BURU) announced a $3 million investment from strategic investors and initial orders from new customers in new markets. The investment, led by fintech leader Alessandro Zamboni, aims to accelerate NUBURU's growth and revenue generation. The company received an order to supply BL-300s for EV battery module production, highlighting its expansion into the sustainable energy market. NUBURU plans to call a special stockholders meeting to approve additional common stock issuance for strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:22 pm

GOOG

GOOGL

HUBS

HubSpot Inc (NYSE:HUBS) shares surged after reports that Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is considering an acquisition offer. The news follows HubSpot's reported revenue increase and its anticipation of higher revenues in 2024. HubSpot's stock was briefly halted due to volatility but continued to rise after trading resumed.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 2:09 pm

ALUR

EFTR

KWE

KYCH

TCBP

TVGN

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Real estate shares led gains, while U.S. jobless claims rose to 221,000. TCBP surged 118% after announcing a letter of intent for an acquisition. ALUR jumped 61% following the commercial availability of its Virtual Care Suite and a positive analyst rating. TVGN gained 55% after a new executive appointment. EFTR, KYCH, and KWE saw significant drops due to various company-specific news.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 2:02 pm

PARA

Paramount Global's stock price is declining after reports emerged that the Ellison-led bid for the company would necessitate raising new equity. This development could potentially dilute existing shareholders' equity and is likely causing concern among investors.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:51 pm