Streetbeat News

Assets

BA

Air Tanzania has taken delivery of its first Boeing 737 MAX aircraft. This is a significant milestone for both companies as it marks the first delivery of this model to an African airline.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 2:02 pm

ACN

Accenture (NYSE:ACN) has outperformed the market over the past 20 years, producing an average annual return of 14.03%. If an investor had bought $1000 of ACN stock 20 years ago, it would be worth $13,983.73 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:00 pm

BIIB

Biogen (NASDAQ:BIIB) has outperformed the market over the past 20 years, producing an average annual return of 10.81%. If an investor had bought $1000 of BIIB stock 20 years ago, it would be worth $7,796.10 today. The company currently has a market capitalization of $36.49 billion.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 2:00 pm

FUSN

LLY

PNT

Traders are circulating a note from B Riley on Fusion Pharmaceuticals' acquisition of PNT. The note suggests that the deal validates the value of late-stage radiopharma assets and indicates Eli Lilly's strategic interest in targeted radiotherapeutics.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:35 pm

BTCUSD

ETHE

Grayscale, the world's leading crypto asset manager, is likely to be approved by the SEC for a Bitcoin ETF. Grayscale is also applying to convert the Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. The ETHE trust represents 2.5% of all ETH in circulation and is the largest ETH investment vehicle globally. Shares of ETHE spiked 6.15% following the announcement. Prominent investor Tim Draper commented that the approval of a spot Bitcoin ETF seems to be a matter of time and will encourage more adoption and investments in BTC.

Portfolio Pulse from Justin Roberti

October 03, 2023 | 1:20 pm

SPY

USO

Fitch Ratings agency predicts a small oil-market deficit in Q3 and Q4, according to Reuters. This could potentially impact the prices of oil-related ETFs such as SPY and USO.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:14 pm

LINK

Interlink Electronics, Inc. (NASDAQ:LINK) has received a $400,000 SBIR Phase II award from the Department of Commerce National Institute for Standards and Technology (NIST) for research into high-volume printed sensor manufacturing techniques. The grant will support the development of production techniques to meet increased demand for sensors, with a goal of producing over 10 million per year.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:10 pm

ALGT

Allegiant has secured financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas and Jackson Square Aviation. The specific terms of the deal were not disclosed.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 1:08 pm

CLSK

CleanSpark Inc. (NASDAQ:CLSK) has released its unaudited bitcoin mining and operations update for the fiscal year ending September 30, 2023. The company mined 6,903 bitcoins during the fiscal year, an 84% increase compared to FY2022. The company's hashrate also increased by 131% compared to FY2022. CleanSpark sold 80 bitcoins in September 2023 at an average price of approximately $26,800 per BTC, equating to proceeds of approximately $2.2 million.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:03 pm

PNC

PNC has acquired a portfolio of capital commitments facilities from Signature Bridge Bank through an agreement with the FDIC as receiver. The portfolio represents $16.6B in total commitments, including $9B of funded loans.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 12:49 pm