Streetbeat News

Assets

NGD

New Gold Inc. has made significant progress in its Rainy River exploration program in 2024, expanding resource potential and confirming new mining zones. This is expected to positively impact the mineral resource estimate by year-end 2024.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:33 am

EWG

The yield on Germany's 10-year Bund auction decreased to 2.110% from the previous 2.220%. This change in yield could influence European markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:00 am

BCS

GM

GS

JPM

Goldman Sachs is facing a potential $400 million pre-tax hit from the sale of its GM credit card portfolio due to high charge-off rates. The sale to Barclays has been delayed, impacting Goldman's stock, which fell over 4%. The bank's consumer-lending ventures have resulted in significant losses, prompting a shift back to core investment banking services.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 9:38 am

TERN

Terns Pharmaceuticals has announced an upsized public offering, raising $150.15 million by selling 11,919,048 shares at $10.50 each. The funds will be used for research, clinical trials, and development of key product candidates, as well as for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:24 am

NTRS

Northern Trust announced several leadership changes effective October 1, 2024. Peter Cherecwich will become COO, David Fox will serve as CFO, Teresa Parker will continue as President of Asset Servicing, and Steven L. Fradkin will be Vice Chairman. Jason Tyler will become President of Wealth Management.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:56 pm

APA

APA Corporation has announced the sale of its non-core producing properties in the Permian Basin for $950 million. The sale includes properties in Texas and New Mexico, with net production of 21,000 boe/d. Proceeds will be used to reduce debt, with the transaction closing expected in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:52 pm

SPY

USO

The USA API reported a weekly crude oil stock draw of 2.790 million barrels, contrary to the expected build of 0.700 million barrels. This follows a previous draw of 7.400 million barrels.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:41 pm

IXHL

Incannex Healthcare Inc. (NASDAQ:IXHL) has secured a $60 million financing agreement with Arena Investors to advance its clinical trials in cannabinoid and psychedelic therapies. The funding includes $10 million in convertible notes and a $50 million equity line of credit. The funds will support trials for treatments targeting obstructive sleep apnea, generalized anxiety disorder, and rheumatoid arthritis.

Portfolio Pulse from Patricio Liddle

September 10, 2024 | 8:40 pm

ENGN

enGene is on track to report preliminary data for its LEGEND study in September 2024. The company has $257.7 million in cash and equivalents, providing financial runway until 2027.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:36 pm

BNED

Barnes & Noble Education plans to spend around $20 million on capital expenditures in fiscal year 2025, primarily on store improvements and technology.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:33 pm