Streetbeat News

Assets

DAWN

Day One Biopharmaceuticals has entered into a collaboration with Sprint Bioscience for its VRK1 program. Day One will make an upfront payment of $3M, reimburse Sprint Bioscience for preclinical R&D expenses, and make an additional milestone payment of $313M.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 12:05 pm

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has predicted that Bitcoin (BTC) could reach $100,000 in value and even $1 million in the event of a worldwide economic crash. Cathie Wood, CEO of Ark Investment Management, also maintains her optimistic stance on Bitcoin, predicting it could reach $1 million in the next decade. At the time of writing, BTC was trading at $29,173.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 11:48 am

TJX

TJX Companies reported its total inventories at the end of Q2 2023 were $6.6 billion, compared to $7.1 billion last year. The decrease is attributed to supply chain delays and early arrival of merchandise last year. The company is well-positioned to take advantage of a marketplace loaded with quality, branded merchandise.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:37 am

IMPP

TPET

Imperial Petroleum Inc. (NASDAQ:IMPP) and Trio Petroleum Corp. (NYSE:TPET) are identified as the most oversold stocks in the energy sector, with their RSI values below 30. Imperial Petroleum recently priced its units at $2 in a direct offering, while Trio Petroleum reported successful test rates for its HV-1 Discovery well.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 11:19 am

CYN

Cyngn Inc. (NASDAQ:CYN), a developer of AI-powered autonomous driving solutions for industrial applications, has announced that it has been granted 10 patents by the United States Patent and Trademark Office for autonomous vehicle technologies.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:06 am

GM

HYMTF

Hyundai Motor's Indian unit is acquiring General Motors' plant in Talegaon, Maharashtra, which will boost Hyundai's total production capacity to a million units per year. The financial details of the deal remain undisclosed. This acquisition will allow General Motors to exit the Indian market, where it stopped selling cars in 2017 due to declining sales.

Portfolio Pulse from Benzinga India Staff

August 16, 2023 | 10:46 am

COIN

Coinbase, a leading cryptocurrency exchange, has received approval from the National Futures Association (NFA) to offer crypto futures. This move could potentially attract more institutional investors to the platform.

Portfolio Pulse from Charles Gross

August 16, 2023 | 10:04 am

BTCUSD

ETHUSD

SEI token (SEI), a layer-1 cryptocurrency, has seen a 29% surge over the past 24 hours, despite a dip in Bitcoin (BTC) and Ethereum (ETH). The surge is partly due to its listing on global exchanges like Binance and Coinbase. South Korean exchanges have seen the highest trading volume for SEI Token in the past 24 hours. SEI's alpha phase of the blockchain saw 400 million transactions and the creation of 7.5 million test wallets.

Portfolio Pulse from Mehab Qureshi

August 16, 2023 | 9:07 am

GM

HYMTF

Hyundai Motor India has signed an asset purchase agreement for the acquisition of identified assets at GM India's plant. The financial details of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:33 am

NRG

NRG Energy, Inc. (NYSE:NRG) has announced the pricing of $500 million pre-capitalized trust securities through Alexander Funding Trust II. The securities, with a distribution rate of 7.467% per annum, are intended to replace NRG's existing pre-capitalized trust securities redeemable in 2023.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 7:52 am