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PEAK

Healthpeak Properties has formed a joint venture with Breakthrough Properties by selling a 65% interest in the Callan Ridge lab campus. The deal values the property at $236 million, equating to $1,275 per square foot, and is based on a stabilized cash capitalization rate of 5.3% from an initial annual rental rate of about $67 per square foot.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:17 pm

SB

Safe Bulkers, Inc. has entered into an agreement to acquire a Japanese Kamsarmax class dry-bulk vessel, expanding its fleet and capabilities in the dry-bulk sector.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:06 pm

IVA

Inventiva (NASDAQ:IVA) has drawn down the second €25 million tranche of its loan agreement with the European Investment Bank to fund its NATiV3 Phase III clinical trial for lanifibranor in NASH patients. The loan has a 7% interest rate, a 3-year maturity, and repayment is expected after the trial results in H1 2026. The funds extend Inventiva's cash runway until Q3 2024. The company issued 3,144,654 warrants to EIB with an exercise price of €3.95, potentially raising €12,421,383 if exercised.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:03 pm

WDAY

Over the past 10 years, Workday (NASDAQ:WDAY) has delivered an average annual return of 11.75%, outperforming the market by 1.76% on an annualized basis. A $100 investment in WDAY a decade ago would be worth $315.46 today. Workday's market capitalization currently stands at $71.75 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 9:00 pm

SPY

Federal Reserve Bank of New York President John Williams stated that the Bank Term Funding Program (BTFP) successfully achieved its goal during a period of acute stress. The BTFP was designed to provide liquidity to banks, ensuring they could meet the needs of all their depositors. Williams emphasized the importance of the program in maintaining stability and confidence in the banking system.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:43 pm

SPY

Federal Reserve Bank of New York President John Williams stated that the prospects of rate cuts by the Fed are closely tied to the performance of the economy. He emphasized that the speed of any potential rate cuts will depend on economic conditions. Williams also mentioned that as inflation decreases, interest rates are expected to follow suit. He agreed that the outlook for Fed rate cuts makes sense, but the timing of such cuts will be determined by the state of the economy.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:40 pm

ARKK

BTCUSD

Cathie Wood, CEO of ARK Invest, anticipates the potential approval of the Ark21Shares Bitcoin ETF (ticker 'ARCB') as a significant event for Bitcoin. She targets $4 billion in inflows from institutional investors, despite a longer due diligence process. Wood remains optimistic about the future of digital asset ETFs, though acknowledges the SEC's role in the process. She previously predicted a $1 million Bitcoin price in the next 5-7 years.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 8:39 pm

JPM

Chris Giancarlo, former CFTC chairman known as 'CryptoDad', predicts $50-100 billion inflows into Bitcoin ETFs, with a potential $5 billion in AUM for approved ETFs like BlackRock's within a month. J.P. Morgan CEO Jamie Dimon, however, remains critical of Bitcoin, citing its use in illicit activities despite J.P. Morgan being an authorized participant for BlackRock's spot Bitcoin ETF. The European Central Bank has labeled Bitcoin a 'speculative asset', but interest in spot Bitcoin ETFs remains high.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 8:32 pm

NFLX

Over the past 10 years, Netflix (NASDAQ:NFLX) has delivered an average annual return of 25.83%, outperforming the market by 15.82%. A $1000 investment in NFLX a decade ago would be worth $9,987.17 today. Netflix's market cap stands at $210.32 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 8:30 pm

PCAR

PACCAR (NASDAQ:PCAR) has delivered an average annual return of 18.93% over the past 5 years, outperforming the market by 6.06% annually. A $100 investment in PCAR 5 years ago would be worth $236.32 today. PACCAR's market cap stands at $49.43 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 8:30 pm