Streetbeat News

Acquisitions Mergers

APXI

APx Acquisition Corp. I (NASDAQ:APXI), OmnigenicsAI Corp, and MultiplAI Health Ltd have entered into a Business Combination Agreement to create a global AI-driven genomics platform. The merger aims to list OmnigenicsAI on Nasdaq under the ticker 'OMNI'. This strategic combination will focus on delivering personalized health insights and clinical guidance through AI and precision medicine, covering prevention, early detection, diagnostics, and treatment. The merger is expected to close mid-year, subject to APx's shareholder approval and other conditions.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:27 pm

ASML

SBRA

STLD

CNBC's 'Halftime Report Final Trades' featured recommendations for Deere & Company (DE), ASML Holding N.V. (ASML), Sabra Health Care REIT, Inc. (SBRA), and Steel Dynamics, Inc. (STLD). Key updates include leadership changes at Deere, ASML's share buyback transactions, Sabra's strong Q4 sales, and Steel Dynamics' positive Q1 earnings guidance.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:25 pm

DELL

PTF

SRHQ

Dell Technologies Inc (NYSE:DELL) has reduced its workforce as part of a cost-cutting strategy, facing a decline in PC demand and revenue. Despite a 12% revenue drop in its PC division, Dell anticipates growth in this segment for the year. The company also expects challenges from rising input costs and changes in its VMware relationship. Other tech giants like Alphabet, Meta, Microsoft, and Amazon have also announced significant layoffs. Dell's stock has risen 198% in the last 12 months, with exposure through SRHQ and PTF ETFs. DELL shares increased by 1.33% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 12:24 pm

SNPMF

TTE

TotalEnergies SE (TTE) and China Petroleum and Chemical Corporation (SNPMF) have signed an agreement to develop a Sustainable Aviation Fuel (SAF) production unit in China, aiming for an annual production of 230,000 tons. This collaboration aligns with both companies' strategies to provide low carbon solutions and marks a significant step towards TotalEnergies' goal of producing 1.5 million tons of SAF by 2030. TTE shares saw a 0.53% increase in premarket trading.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 12:23 pm

VEON

VEON has announced the sale of its 50.1% indirect stake in Beeline Kyrgyzstan, marking a significant change in its investment portfolio.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:15 pm

NXPL

NextPlat Corp (NASDAQ:NXPL) announced the acquisition of Outfitter Satellite Inc. through an all-cash transaction, aiming to more than double its North American technology e-commerce product sales and recurring revenue. The acquisition, expected to close on April 1, 2024, will also enhance profitability through improved business efficiencies and support future domestic and international operations. This move is part of NextPlat's growth strategy to expand its technology and healthcare e-commerce offerings in the U.S. and globally.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:10 pm

NCTY

The9 Limited has entered into a share purchase agreement to invest in WM Therapeutic Co., Ltd., marking a significant move into the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:04 pm

PIXY

ShiftPixy, Inc. has entered into an agreement to acquire a provider of human capital management services, which boasts an annual revenue run rate of $58 million. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:02 pm

APCX

CHEK

NBSE

STOK

Stoke Therapeutics, Inc. (STOK) shares surged by approximately 70% in pre-market trading following the announcement of positive Phase 1/2a data for STK-001 in Dravet syndrome. Other stocks also showed significant movement in pre-market trading, with notable gainers including Check-Cap Ltd. (CHEK), C3is Inc. (CISS), and OpGen, Inc. (OPGN), among others. On the losing end, NeuBase Therapeutics, Inc. (NBSE) and AppTech Payments Corp. (APCX) saw substantial declines.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 12:00 pm

DJT

DWAC

Shares of Trump Media & Technology Group Corp. (DJT) surged 19% in premarket trading ahead of its Nasdaq debut, following a merger with Digital World Acquisition Corp. (DWAC). The merger completion was announced, with DJT and its warrants DJTWW to be listed. Skeptics question the valuation, citing the stock's detachment from fundamentals. Truth Social's fortunes, linked to TMTG, are influenced by Donald Trump's financial and legal challenges.

Portfolio Pulse from Shanthi Rexaline

March 26, 2024 | 11:59 am