Streetbeat News

Assets

MDGS

Medigus has sold its entire stake in Scoutcam for approximately $6 million in cash.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 12:47 pm

LMFA

LM Funding America has acquired the assets of Symbiont.io for $2.6 million from Chapter 11 bankruptcy. This acquisition could potentially expand LMFA's business operations.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 12:32 pm

IBM

IBM plans to open its first European quantum data center in Ehningen, Germany, serving IBM Quantum's European cloud region. The facility will help clients manage European data regulation requirements and provide access to advanced quantum computing. The data center is expected to be operational in 2024.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 12:22 pm

GE

GEHC

General Electric is offering 25 million shares in GE HealthCare Technologies, expecting to raise about $2 billion. GE will also exchange up to 28.75 million GE HealthCare shares for debt held by Morgan Stanley affiliates.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 11:26 am

BWA

BorgWarner announced during its Investor Day presentation that it is on track to meet or exceed its 2025 goals for EV organic growth, M&A, and asset dispositions. The company expects eProducts to deliver over $10 billion in revenue by 2027.

Portfolio Pulse from Charles Gross

June 06, 2023 | 11:19 am

SFIX

Stitch Fix has been granted U.S. Patent #11669776 for using artificial intelligence (AI) to design products. This technology could potentially revolutionize the company's approach to personalized fashion and improve customer experience.

Portfolio Pulse from Charles Gross

June 06, 2023 | 11:12 am

EU

enCore Energy has entered a definitive agreement to sell the Marquez-Juan Tafoya Uranium Project for C$5 in cash and 185 million common shares. The deal is expected to close in Q1 2023.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 11:09 am

BBBYQ

OSTK

Bed Bath & Beyond is in talks to sell its baby gear unit Buybuy Baby to Go Global Retail, with Babylist and Overstock.com also showing interest in the company's assets. Bed Bath & Beyond filed for bankruptcy in April, but Buybuy Baby has performed better comparatively.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 10:44 am

QQQ

The Invesco QQQ Trust (NASDAQ:QQQ) has outperformed the broader market this year, rallying over 33% compared to the 26% advance by the Nasdaq Composite Index and the 11% gain for the S&P 500 Index. A $1,000 investment in QQQ at the end of June 2009 would now be worth $12,158, translating to a return of 1,116% over a 14-year period.

Portfolio Pulse from Shanthi Rexaline

June 06, 2023 | 10:29 am

WLDN

Forager Capital Management reported a 14.2% stake in Willdan Group Inc (WLDN) as of June 6, according to a 13D filing.

Portfolio Pulse from Charles Gross

June 06, 2023 | 10:26 am