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AAL

BA

DAL

JBLU

JETS

LUV

SAVE

UAL

ULCC

The Justice Department and Department of Transportation have launched a public inquiry into competition in the air travel industry, focusing on consolidation, anticompetitive conduct, and other issues affecting air travel availability and affordability.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:10 pm

FYBR

VZ

Verizon Communications Inc (NYSE:VZ) has been downgraded by Keybanc Capital Markets analyst Brandon Nispel from Overweight to Sector Weight due to slower growth and declining cash flow projections for 2025. The potential acquisition of Frontier Communications Parent, Inc (NASDAQ:FYBR) is seen as a poor capital allocation decision, impacting Verizon's ability to repurchase shares.

Portfolio Pulse from Anusuya Lahiri

October 24, 2024 | 5:34 pm

AZN

MNPR

Monopar Therapeutics' stock surged after securing a licensing agreement with AstraZeneca's Alexion for ALXN-1840, a treatment for Wilson's disease. Monopar will handle future development and commercialization, with payments to Alexion based on sales milestones.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 5:18 pm

KHC

JBS and Sigma are competing to acquire Kraft Heinz's Oscar Mayer hot dog business, valued at $3 billion. Kraft Heinz aims to focus on healthier products due to changing consumer trends. The deal could be finalized in the coming weeks.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:53 pm

BYON

HON

MOH

MRNS

NXU

QS

U.S. stocks showed mixed performance with the Nasdaq Composite gaining 0.3%. Honeywell's shares fell 4% after missing revenue expectations and lowering FY24 sales guidance. Nxu, Inc. shares surged 216% on a proposed merger, while QuantumScape rose 25% after announcing production of B-sample cells. Molina Healthcare shares increased 22% following strong Q3 results. Beyond, Inc. and Marinus Pharmaceuticals saw significant declines due to disappointing earnings and trial results, respectively.

Portfolio Pulse from Avi Kapoor

October 24, 2024 | 4:22 pm

GOOG

GOOGL

Google's $2 billion investment in AI firm Anthropic is under scrutiny by the UK's Competition and Markets Authority (CMA), which has launched a formal phase one merger probe. This investigation is part of broader regulatory efforts to prevent market distortion by big tech investments in AI. The CMA's decision on whether to escalate the probe is expected by December 19.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:04 pm

EDR

TKO

Endeavor is considering selling event assets like the Miami Open, Madrid Open, and Frieze as it plans to go private with Silver Lake. The Raine Group has been retained for this exploratory process.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:03 pm

TKO

TKO Group shares are trading lower following the announcement of its agreement to acquire Professional Bull Riders.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:48 pm

NXU

Nxu shares are experiencing an increase in trading value following the announcement of a merger with Verde Bioresins.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:42 pm

SOLV

Solventum shares are rising following reports that the company is considering selling its filtration unit.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:35 pm