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Assets

JBLU

JetBlue plans to maintain flat year-over-year capacity growth in 2025, focusing on A220 deliveries which offer more premium seats and lower costs compared to the E190s being phased out by the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:17 am

TALO

Talos Energy announced a successful oil and gas discovery at its Ewing Bank 953 well and participation in the Sebastian prospect in the Gulf of Mexico. The EW 953 well has an estimated resource potential of 15-25 MMBoe, with production expected by mid-2026. The Sebastian prospect, currently drilling, targets a potential of 9-16 MMBoe, with results expected by late 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:59 am

AFMD

Affimed reported having €34.4 million in cash, cash equivalents, and investments as of June 30, 2024. The company projects its cash runway to extend into the second half of 2025 based on its current operating and financial plans.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:36 am

FYBR

VZ

Verizon Communications has agreed to acquire Frontier Communications in an all-cash transaction valued at $20 billion, or $38.50 per share. This acquisition will integrate Frontier's fiber network into Verizon's portfolio, enhancing its Fios offering.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:02 am

APO

Apollo Global Management is acquiring Dutch equipment leasing company Beequip from NIBC to expand its European equipment finance platform. Beequip, with a portfolio of €1.4 billion, will enhance Apollo's strategy in secured credit generation.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 9:05 am

AGI

Alamos Gold has announced a high-return development plan for the Puerto Del Aire (PDA) project, with a 46% after-tax IRR and significant exploration upside. The project aims to produce an average of 127,000 ounces of gold annually over the first four years, with low costs and a mine life extended to 2035. The project is expected to be internally funded and has a low execution risk due to its location within existing operations.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:27 am

STT

State Street has been selected by Challenger to manage custody and investment administration for a multi-billion-dollar portfolio. This partnership highlights State Street's capabilities and strengthens its position as a leading provider in the region.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:11 am

ALTM

Arcadium Lithium has decided to halt Stage 4A waste stripping at its Mt Cattlin site, transitioning it to care and maintenance by mid-2025. This move is expected to increase net cash flow by USD 75 to 100 million in 2024 and 2025. The company is exploring underground mining to potentially extend the mine's life.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 7:05 am

SHOT

Safety Shot's President, Jordan Schur, has invested $3.4 million in the company through his family investment group, Core 4 Capital, via a private placement.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:29 pm

T

AT&T is progressing on its sustainable growth strategy, maintaining its 2024 capital investment forecast at $21-22 billion for 5G and fiber. The company aims for $2 billion+ in cost savings by mid-2026 and targets a net-debt to adjusted EBITDA ratio of 2.5x by early 2025.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:09 pm