Streetbeat News

Assets

ALLY

Ally Financial's CEO, Jeffrey J. Brown, has announced his plans to step down. The company has engaged a search firm to find his successor.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 12:42 pm

SPY

The Core Producer Price Index (PPI) for September has increased by 0.3%, which is higher than the estimated 0.2%.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 12:31 pm

SPY

The Producer Price Index (PPI) for September has increased by 0.5%, which is higher than the estimated 0.3%.

Portfolio Pulse from Bill Haddad

October 11, 2023 | 12:30 pm

HUM

Humana Inc has announced the appointment of Jim Rechtin as President and COO, effective from January 8, 2024. Rechtin, a healthcare industry veteran, will take over as CEO in the latter half of 2024, succeeding Bruce Broussard. The move is part of Humana's long-planned CEO transition. The company's shares are trading lower by 2.79% in premarket trading.

Portfolio Pulse from Lekha Gupta

October 11, 2023 | 12:27 pm

BX

DIS

Blackstone Inc (BX) is in preliminary talks with Walt Disney Co (DIS) to acquire a stake in Disney's Indian subsidiary. This comes as Disney is considering a sale or finding a joint venture partner for its digital and TV business in India. The talks were facilitated by Candle Media, a company backed by Blackstone and founded by former Disney executives. Disney has also been in discussions with Indian billionaires Gautam Adani and Kalanithi Maran, and various private equity funds.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 12:10 pm

LCTX

Lineage Cell Therapeutics, Inc. (LCTX) has been granted a U.S. patent for its proprietary manufacturing and differentiation process for retinal pigmented epithelial cells. The patent, which is exclusively licensed to Lineage, is expected to expire on July 28, 2036. The patented process is used in the development of RG6501 (OpRegen®), a treatment for geographic atrophy (GA) secondary to age-related macular degeneration (AMD). The program is being developed in collaboration with Roche and Genentech.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 12:01 pm

BCS

BLK

JPM

JPMorgan Chase & Co. has initiated collateral settlement for clients using its Tokenized Collateral Network (TCN), a blockchain-based system. BlackRock Inc. used TCN to convert shares from one of its money market funds into digital tokens, which were then transferred to Barclays PLC for collateral in an over-the-counter derivatives trade. JPMorgan also operates a system called JPM Coin, which facilitates wholesale clients to execute payments denominated in dollars and euros via a blockchain network.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 11:46 am

NCLH

In Q3 and Q4, higher fuel prices and global events such as the wildfires in Maui and the escalating conflict in Israel have caused operational impacts.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:42 am

PLL

Piedmont Lithium has partnered with Vinland Lithium to advance the Killick Lithium Project in Newfoundland. The partnership aims to explore and develop lithium resources in the region.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 11:36 am

ASTR

Astra Space Inc (NASDAQ:ASTR) is reportedly considering strategic options, including the sale of a majority share in its in-space propulsion arm and other parts of its business. The company aims to value this division upwards of $100 million. However, the final decision is still pending. Following the news, Astra's stock dipped by 2.2%, reducing its market cap to approximately $24 million.

Portfolio Pulse from Shivani Kumaresan

October 11, 2023 | 11:11 am