Streetbeat News

Assets

HON

Honeywell's CEO announced a revision of expectations for the year due to supply chain disruptions in aerospace and manufacturing issues, including Hurricane Helene. The company is reclassifying its PPE business as an asset for sale and took a charge for exiting the PPE business in industrial automation.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:46 pm

ALSN

Allison Transmission is expanding its manufacturing facility in Chennai, India, with a $100 million investment to double its size. This expansion aims to meet the growing global demand for its fully automatic transmissions, with completion expected by 2025 and full operation by 2027.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:38 pm

GRI

GRI Bio has raised $13.9 million in gross proceeds since the start of 2024, which is expected to extend its cash runway into mid-Q1 2025. This funding will support interim data from a Phase 2a study of GRI-0621 for the treatment of Idiopathic Pulmonary Fibrosis (IPF). The amount includes $0.8 million from a recent warrant exercise.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:33 pm

MGLD

The Marygold Companies, Inc. (NYSE:MGLD) has acquired a 7.95% ownership stake in Midland Capital Holdings Corporation for $1.8 million, aligning with its strategy to focus on the financial services/fintech sector. The acquisition includes 180,044 warrants to purchase additional shares.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:18 pm

MUX

RIO

McEwen Copper, a subsidiary of McEwen Mining, has closed a $35M investment from Nuton, a Rio Tinto venture, as part of a private placement. This investment increases Nuton's stake in McEwen Copper to 17.2%. The funds will support the Los Azules copper project's feasibility study.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:53 am

BYON

Beyond is expected to reduce its fixed expense base by an annualized $65 million heading into 2025, which could improve its financial health and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:07 am

EDR

TKO

TKO Group is set to acquire Professional Bull Riders, On Location, and IMG from Endeavor in an all-equity deal valued at $3.25 billion, expected to close in the first half of 2025. This acquisition will expand TKO's presence in the premium sports market, complementing its UFC and WWE businesses. Endeavor will receive 26.14 million common units of TKO Operating Company, LLC, and an equal number of TKO's Class B common stock shares, resulting in Endeavor owning approximately 59% of TKO.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:01 am

BTCUSD

Economist Peter Schiff warns against holding cash due to inflation risks and predicts higher U.S. Treasury yields. He criticizes Bitcoin, advocating for gold as a stable investment.

Portfolio Pulse from Benzinga Neuro

October 24, 2024 | 8:46 am

GORO

Gold Resource Corporation reported a Q3 sale of 3,526 AuEq ounces, highlighting production shortfalls and an urgent need for capital to invest in mining equipment and upgrades.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:23 am

KW

CPP Investments and Kennedy Wilson have formed a joint venture to invest £1 billion in energy-efficient rental housing in the UK. CPP Investments will hold 90% and Kennedy Wilson 10% of the venture. The JV will focus on new-build housing in strong local economies.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:00 am