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FSUMF

Fortescue Metals (OTC:FSUMF) has announced a $2.8 billion investment in electrifying its fleet, including 475 emission-free machines. Despite challenges like falling iron ore prices, the company is committed to achieving net-zero emissions by 2030, surpassing its peers. The initiative includes partnerships for battery-electric trains and aims to eliminate 95 million liters of diesel annually.

Portfolio Pulse from Stjepan Kalinic

September 25, 2024 | 11:41 am

BTCUSD

Dormant Bitcoin whales have become active, moving significant amounts of Bitcoin to exchanges like Kraken. This activity has sparked speculation about potential bullish momentum for Bitcoin, with predictions of a price increase to $90,000 by the end of 2024.

Portfolio Pulse from Khyathi Dalal

September 25, 2024 | 11:34 am

DYDXUSD

ENSUSD

OMNIUSD

OPUSD

RENUSD

RPLUSD

TAOUSD

TIAUSD

Veteran trader Michaёl van de Poppe shares his high-risk altcoin portfolio strategy, predicting a favorable period for altcoins due to increased global liquidity. He expects Bitcoin to reach $90,000-$100,000, boosting altcoin confidence. His portfolio includes larger altcoins like Optimism and Celestia, and smaller tokens like Renzo and Omni Protocol. Van de Poppe aims for 100-500% gains, with a potential 10x return in six months.

Portfolio Pulse from Khyathi Dalal

September 25, 2024 | 11:27 am

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GSK

JNJ

MS

SNY

Sanofi plans to spin off its consumer healthcare business to focus on drug development and cost-cutting. Private equity firms are interested, and the unit could be valued at over $20 billion. Goldman Sachs and Morgan Stanley are preparing financing for potential buyers.

Portfolio Pulse from Vandana Singh

September 25, 2024 | 11:18 am

OCTO

Eightco Holdings has significantly improved its financial position in 2024 by eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:03 am

ORAN

Orange plans to voluntarily delist from the NYSE and deregister with the SEC, while maintaining its ADR program for trading on the U.S. OTC market. This move aims to simplify operations and reduce costs, without affecting its U.S. commercial presence.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:33 am

ESNT

Essent Group's subsidiary has secured $363.4 million in fully collateralized excess of loss reinsurance coverage for mortgage insurance policies from Radnor Re 2024-1, covering policies written from July 2023 to July 2024.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:31 am

NBIS

Nebius has announced the launch of a new GPU cluster in Paris, as part of its plan to invest over $1 billion in AI infrastructure in Europe by mid-2025.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:09 am

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RVER

SNOW

Snowflake Inc. plans to raise $1.97 billion through a debt offering of convertible senior notes due in 2027 and 2029. The company aims to use the proceeds for capped call transactions, stock repurchase, and general corporate purposes. Snowflake's shares are trading lower premarket.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 10:09 am

TSVT

2seventy bio plans to conserve over $80 million in near-term expenditures by making a decision on the KarMMa-9 study. This move is expected to accelerate the company's path to breakeven by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:04 am