Streetbeat News

Assets

BMY

Bristol Myers Squibb has announced the pricing of $13 billion in senior unsecured notes, distributed across nine tranches with varying interest rates and maturity dates ranging from 2026 to 2064. This strategic financial move aims to diversify the company's funding sources and extend its debt maturity profile.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:57 am

AIR

TGI

AAR has upsized its offering of senior notes to $550 million at a 6.750% interest rate, due 2029, to finance the acquisition of Triumph Group's Product Support business. The offering, initially set at $500 million, is expected to close by March 1, 2024. The proceeds will fund a portion of the acquisition cost.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:44 am

BTCUSD

ETHUSD

On Valentine's Day, Bitcoin's price surge to $52,000 led to $180 million in short crypto liquidations, marking a two-year peak. This event caused significant losses for traders, with over $90 million in Bitcoin shorts and around $40 million in Ethereum shorts liquidated. The cryptocurrency market is showing signs of 'greed' as investor sentiment reaches a value of 71 on the Crypto Fear & Greed Index. The overall market cap is nearing $2 trillion, with Bitcoin's market cap surpassing $1 trillion.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 7:42 am

CRWD

CrowdStrike (NASDAQ:CRWD) has opened a new, state-of-the-art office in Pune, India, nearly doubling its previous capacity in the region. This move strengthens CrowdStrike's commitment to providing leading cybersecurity protection to organizations in India and the broader region.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:41 am

EWU

U.K. Manufacturing Production for December showed an increase of 0.8%, surpassing the estimated -0.1% and matching the revised figure for the prior month.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:12 am

EWU

U.K. Industrial Production for December showed a surprising increase of 0.6%, surpassing the estimated decline of -0.1% and the previous month's revised figure of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:11 am

EWU

U.K. business investment for Q4 showed a significant increase of 1.5% quarter-over-quarter, surpassing the estimated decline of -0.1% and a substantial improvement from the revised -2.8% in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:07 am

VALN

Valneva reported 2023 revenues of €153.7M, a decrease from €361.3M in the previous year. Product sales grew 26% YoY to €144.6M, surpassing pre-pandemic levels by 12% and showing a 63% increase excluding COVID-19 vaccine sales. The company's cash position was €126.1M at the end of 2023, not including the recent sale of the Priority Review Voucher for $103M. Significant payments were made for the Phase 3 Lyme disease study, with costs expected to be completed in H1 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:33 am

BBJP

DXJ

EWJ

Japan's industrial production for December increased by 1.4%, which is lower than the estimated 1.8% but an improvement from the previous month's decline of 0.9%.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:41 am

AAPL

AMZN

GOOG

META

MSFT

NVDA

TSLA

SEC Chairman Gary Gensler warned investors about 'AI washing' by companies exaggerating AI's impact on their business. He emphasized the need for disclosing AI's operational, legal, and competitive risks. Gensler's comments come amid a surge in AI investments, particularly in tech giants like Apple, Meta Platforms, NVIDIA, Amazon, Alphabet, Microsoft, and Tesla. He also highlighted the potential systemic risks of AI in financial markets and the challenge new technologies pose to existing laws.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 3:39 am