Streetbeat News

Acquisitions Mergers

NEM

Deep-pocketed investors have shown unusual options activity in Newmont (NYSE:NEM), with a bearish sentiment prevailing despite some bullish positions. The activity involves significant trades in both calls and puts, aiming for a price range of $30.0 to $42.5 over the next three months. Newmont, the world's largest gold miner, has recently acquired Newcrest and is expected to sell some higher cost mines. The stock is slightly up with a potential overbought RSI, and earnings are anticipated in 21 days.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:47 pm

CRRFY

PEP

Carrefour SA (OTC:CRRFY) and PepsiCo Inc (NASDAQ:PEP) have resolved their three-month dispute over grocery prices, leading to the restocking of PepsiCo products, including Cheetos, in Carrefour stores in France. Negotiations for returns in four other countries are ongoing. The disagreement began in early January when Carrefour stopped carrying PepsiCo products due to unacceptable price increases. This dispute affected about 10,000 Carrefour stores across Europe, with these stores accounting for approximately 0.27% of PepsiCo's global revenue.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 1:39 pm

GOOG

GOOGL

HUBS

Alphabet is reportedly consulting with advisers regarding a possible acquisition offer for Hubspot, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:39 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP), a leader in robotics and AI technologies for public safety, celebrates its 11th anniversary by securing 18 new contracts and 5 renewal agreements valued at over $1 million. These contracts, spanning across various fast-growing markets like transportation, healthcare, education, and local government, underscore Knightscope's continued growth and expansion across the United States, including multiple states and Puerto Rico.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:36 pm

GROM

Grom Social Enterprises, Inc. (NASDAQ:GROM) and Arctic7 are forming a synergy council to explore gaming production and ancillary revenue growth opportunities following GROM's LOI to acquire Arctic7. This collaboration aims to leverage Arctic7's expertise in game development with GROM's family-friendly entertainment offerings. Arctic7, having achieved significant growth and attended the successful GDC 2024 conference, anticipates reaching $14 million in revenue in FY24. The partnership seeks to expand GROM's properties into games and create original content.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:33 pm

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