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AMZN

TSLA

The U.S. Department of Defense is significantly increasing its budget for low Earth orbit satellite internet services from $900 million to $13 billion, highlighting the growing importance of high-speed satellite internet for military operations. This expansion anticipates competition from services like SpaceX's Starlink and Amazon's Project Kuiper.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:38 pm

PLTR

The article provides an analysis of Palantir Technologies (NYSE:PLTR) in comparison to its competitors in the software industry. It highlights Palantir's high valuation metrics, such as P/E, P/B, and P/S ratios, indicating potential overvaluation. Despite lower profitability metrics like ROE, EBITDA, and gross profit, Palantir shows strong revenue growth and a favorable debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:00 pm

JBLU

SAVE

JetBlue's CEO announced that the company is not interested in revisiting the acquisition of Spirit Airlines but would consider acquiring Spirit's assets if they are sold.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:37 pm

RILY

B Riley Financial shares rose after the company announced it raised $236 million by divesting brand assets.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:37 pm

JUNE

Junee Limited is planning to raise $40 million through a financing round. The funds will be used to establish an AI supercomputing center in Australia and to bolster working capital.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:17 pm

GDS

GDS Holdings Limited's international affiliate, DigitalLand Holdings Limited, has secured a $1 billion equity investment from new U.S. investors, led by Coatue Management and The Baupost Group. This investment will support the development of up to 1 GW of data center capacity across Asia.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:03 pm

CRML

Critical Metals Corp (NASDAQ:CRML) has announced a strategic evolution for its Tanbreez Project in Greenland, discovering two new high-grade rare earth material areas and securing a reliable power supply, enhancing the project's potential.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:41 pm

GLYC

GlycoMimetics shares rose following the announcement of a merger with Crescent Biopharma and securing $200 million in funding to advance its oncology pipeline.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:18 pm

BX

Blackstone Inc. has raised approximately $22 billion for a new direct lending fund aimed at institutional investors. This move highlights Blackstone's continued expansion in the direct lending market.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:14 pm

NBY

NovaBay Pharmaceuticals has received an unsolicited offer from Refresh Acquisitions BidCo to acquire the Avenova brand, which is considered superior to a previous agreement with PRN Physician Recommended Nutriceuticals. The offer includes a purchase price of up to $11.5 million, subject to adjustments.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:07 pm