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CPCAF

CPCAY

EADSY

Cathay Pacific Airways Ltd has announced the purchase of 6 A350F aircraft from Airbus SE for $2.71 billion, with deliveries expected by the end of 2029. The deal also includes an option to buy 20 more A350 freighters. This move will enhance Cathay Pacific's fleet capacity, focusing on long-haul routes to North and South America, and Europe. The new Airbus aircraft will start being delivered in 2027, signaling a shift away from Cathay's current Boeing 747 freighter fleet. In a separate deal in September, Cathay doubled its orders for the Airbus A320neo Family to 64 aircraft for $4.66 billion. CPCAY shares saw a slight increase of 0.51% to close at $4.93 on Thursday.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 1:28 pm

CVX

Chevron has announced its capital expenditure budget for 2024, setting it at $16 billion. This financial plan outlines the company's intended investments and spending for the upcoming year, which is crucial information for investors as it reflects the company's strategic priorities and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:09 pm

PRQR

ProQR Therapeutics has sold its ophthalmic assets, Sepofarsen and Ultevursen, to Laboratoires Théa for an initial €8M with potential for up to €165M in milestone payments. This divestment could provide ProQR with immediate cash and future revenue, depending on the success of the assets.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:33 pm

AMLI

American Lithium Corp announced that recent drilling at its Tonopah Lithium Project in Nevada has significantly expanded the higher grade, near surface lithium mineralization. This suggests potential for increased resource estimates and improved project economics.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:12 pm

ICG

Intchains Group (ICG) has announced the expansion of its presence in the WEB3 industry by acquiring assets related to the Goldshell brand. This strategic move aims to enhance ICG's position in the growing WEB3 space.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:02 am

AAPL

AMZN

GOOGL

MUSQ

SONY

SPOT

A Goldman Sachs report predicts the music industry will reach $153 billion by 2030, with a 7% CAGR. Streaming is expected to dominate with a 12% CAGR and 86% market share of recorded music. The industry is seen as resilient, even in a higher inflation/weaker macro environment. The MUSQ Global Music Industry ETF (MUSQ) offers investment opportunities in the music industry, with top holdings including Amazon (AMZN), Apple (AAPL), Alphabet (GOOGL), Sony (SONY), and Spotify (SPOT).

Portfolio Pulse from Johnny Rice

December 08, 2023 | 10:59 am

FXI

SPY

VGK

China's forex regulator announced plans to relax restrictions on the scale of preliminary expenses for overseas direct investment and to facilitate capital rules for foreign direct investment, according to Reuters.

Portfolio Pulse from Charles Gross

December 08, 2023 | 9:58 am

AAPL

FXI

HNHPF

INDA

According to The Wall Street Journal, Apple and its suppliers are planning to produce over 50 million iPhones in India annually. This move is part of a strategy to diversify production outside of China. The report cites sources familiar with the matter, indicating a significant shift in Apple's manufacturing strategy.

Portfolio Pulse from Charles Gross

December 08, 2023 | 9:55 am

ArcelorMittal has finalized the sale of its Kazakh steel and mining operation, ArcelorMittal Temirtau, to Qazaqstan Investment Corporation for a total consideration of $986 million. The deal includes an initial payment of $286 million, $250 million for outstanding intra-group dues, and an additional $450 million guaranteed by a sovereign fund, to be paid in four annual installments.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:42 am

SYRE

Spyre Therapeutics has secured $180 million in private investment in public equity (PIPE) financing to advance its treatment pipeline for inflammatory bowel disease.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 7:26 am