Streetbeat News

Assets

GSK

HLN

Haleon Plc (NYSE:HLN) is considering selling some non-core businesses, including its Nicotinell brand, as part of a strategy shift towards core products. The sale of Nicotinell could be valued as high as $800 million. Haleon was formed from the demerger of GSK plc's (NYSE:GSK) Consumer Healthcare business. GSK recently sold 240 million Haleon shares, reducing its stake to 10.3%. Unilever plc (NYSE:UL) has made three unsolicited proposals to acquire GSK's Consumer Healthcare business.

Portfolio Pulse from Vandana Singh

July 05, 2023 | 11:37 am

REI

Ring Energy, Inc. (NYSE:REI) has announced a $25 million net reduction of borrowings on its senior revolving credit facility, which has a current borrowing base of $600 million. The company also announced the sale of its non-core asset position in the West Texas' Delaware Basin to an unaffiliated private buyer.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:47 am

RIG

Transocean has announced that $172 million in options have been exercised for its harsh environment semisubmersible. This could potentially increase the company's revenue and profitability.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:37 am

RIG

Transocean Ltd. (NYSE:RIG) announced that six one-well options have been exercised for the Transocean Encourage in Norway, contributing approximately $172 million in backlog. The work is expected to commence immediately after the current term and extend through February 2026.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 10:36 am

AHI

CGC

DNOW

MVIS

NKLA

RXT

TSLA

U.S. stock futures traded lower with several big stocks recording losses in pre-market trading. Advanced Health Intelligence Ltd. (AHI) shares declined 11.9% after Bank of New York Mellon raised its stake in the company. Canopy Growth Corporation (CGC) shares dropped 10% despite recent gains. Nikola Corporation (NKLA) shares fell 8.8% following the announcement of asset liquidation of Romeo Power. Other companies experiencing pre-market losses include Kingsoft Cloud Holdings Limited (KC), Rackspace Technology, Inc. (RXT), NOW Inc. (DNOW), MicroVision, Inc. (MVIS), and Tesla, Inc. (TSLA).

Portfolio Pulse from Lisa Levin

July 05, 2023 | 10:33 am

CAR

Avis Budget Group, Inc. (NASDAQ:CAR) plans to offer €400 million of senior notes due 2030 through its subsidiary, Avis Budget Finance plc. The proceeds will be used to redeem all outstanding 4.125% senior notes due 2024 and pay related fees and expenses, with the remainder for general corporate purposes, potentially including debt repayment.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 9:42 am

NVDA

TSLA

WFC

The S&P 500 settled slightly higher on Monday, helped by strength in bank stocks. The S&P 500 banks index gained around 1.5%, with shares of Wells Fargo & Company (WFC) gaining 1.7% and Citigroup Inc. (C) adding 1.5%. The Nasdaq recorded its strongest first-half performance in 40 years, adding over 31% during the period. The Nasdaq 100 gained 0.19% to close at 15,208.69 on Monday, amid gains in shares of Tesla Inc (TSLA) and NVIDIA Corp (NVDA). The CBOE Volatility Index (VIX) rose 0.8% to close at 13.70 on Monday.

Portfolio Pulse from Lisa Levin

July 05, 2023 | 9:36 am

RNECF

WOLF

Renesas has signed a 10-year silicon carbide wafer supply agreement with Wolfspeed, backed by a $2 billion deposit from Renesas. The supply of high-quality silicon carbide wafers will enable Renesas to scale production of silicon carbide power semiconductors starting in 2025. The deposit will support Wolfspeed's ongoing capacity construction projects.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2023 | 9:02 am

NKLA

Nikola Corporation (NKLA) shares fell 3.6% in premarket trading after the company announced it would liquidate assets of Romeo Power. The decision was announced late Monday.

Portfolio Pulse from Charles Gross

July 05, 2023 | 8:24 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Tuesday with Bitcoin dominance level reaching its highest point since April 2021, surpassing 50%. The price of Bitcoin surged to $31,371, its highest level since June 2022, driven by optimism surrounding the spot Bitcoin exchange-traded fund (ETF) applications filed by influential Wall Street players, including Blackrock. Crypto analyst Michael Van de Poppe suggests that Bitcoin dominance may be close to its peak. Another analyst, Inmortal, suggests that Solana could soon skyrocket back to all-time highs after breaching the resistance of $60.

Portfolio Pulse from Mehab Qureshi

July 05, 2023 | 2:46 am