Streetbeat News

Assets

GABC

German American Bancorp, Inc. (GABC) announces leadership changes with Neil Dauby succeeding Mark Schroeder as Chairman of the Board, and Brad Rust appointed as President for both the holding company and the bank.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:24 pm

REVB

Revelation Biosciences reported having $17.7 million in cash and cash equivalents as of March 31.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:24 pm

SMR

The Biden Administration and multinational partners announced their intent to provide up to $275 million in funding for NuScale Power Corporation (NYSE:SMR) to deploy a VOYGR small modular reactor (SMR) power plant in Romania. The U.S Export-Import Bank and U.S. International Development Finance Corporation have issued Letters of Interest for support of up to $3 billion and $1 billion, respectively.

Portfolio Pulse from Shivani Kumaresan

May 22, 2023 | 1:22 pm

AVIR

Tang Capital Partners has reported a 3.6% stake in Atea Pharmaceuticals, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 1:16 pm

BTCUSD

A New York housewife discovered her husband's hidden stash of 12 Bitcoins, worth over $500,000, during a divorce case. The case highlights the challenges faced by legal professionals and financial advisors in tracking digital assets, fueling the growth of a niche for forensic investigators specializing in cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

May 22, 2023 | 1:00 pm

BYDDF

BYDDY

Chinese EV maker BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway, is considering building a factory in Europe, with potential locations including France, Spain, and Germany. The company recorded a surge in April delivery numbers, with battery electric vehicle deliveries rising 83.9% YoY and 1.6% MoM.

Portfolio Pulse from Anan Ashraf

May 22, 2023 | 12:24 pm

XNET

Xunlei Limited (NASDAQ:XNET) is downsizing its domestic audio live streaming operations due to lower gross margin and challenging industry environment, resulting in significantly reduced revenues from live streaming and other IVAS segments.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:13 pm

FWBI

GMDA

HOOK

Gamida Cell Ltd. (NASDAQ:GMDA) has appointed Terry Coelho as CFO, effective immediately, replacing Shai Lankry who will leave the company on June 2. Coelho brings over 35 years of experience and currently serves as an independent director on the boards of First Wave BioPharma (NASDAQ:FWBI) and HOOKIPA Pharma (NASDAQ:HOOK).

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:08 pm

CHRD

XOM

Chord Energy Corporation (NASDAQ:CHRD) has announced a definitive agreement to acquire Williston Basin assets from XTO Energy Inc., a subsidiary of Exxon Mobil Corporation, for a total cash consideration of $375 million. The acquisition is expected to be accretive to cash flow, free cash flow, and return metrics in both the near and long-term.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 12:06 pm

AER

BA

AerCap has signed lease agreements for two used Boeing 737-8 MAX aircraft with ASKY, the Pan-African airline. This deal expands ASKY's fleet and strengthens its partnership with AerCap.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:13 am