Streetbeat News

Assets

BHP

FLMMF

LUNMF

BHP and Lundin Mining are set to acquire Filo Corp for C$4.1 billion, offering C$33 per share in cash and Lundin Mining shares or a mix of both. Filo also announces a C$115 million private placement to BHP and Lundin Mining. The deal aims to develop Filo del Sol to its full potential and offers various benefits to Filo shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:07 pm

ARE

BXP

CUZ

HPP

KRC

SCHH

VNQ

XLRE

The COVID-19 pandemic has accelerated the trend of remote work, leading to high office vacancy rates in major U.S. cities like San Francisco, Houston, and Seattle. This has negatively impacted commercial real estate, particularly office REITs such as Alexandria Real Estate Equities (ARE), BXP Inc (BXP), Hudson Pacific Properties (HPP), Cousins Properties (CUZ), and Kilroy Realty Corporation (KRC). ETFs like Vanguard Real Estate Index Fund (VNQ), Schwab US REIT ETF (SCHH), and Real Estate Select Sector SPDR Fund (XLRE) have fared better due to diversification.

Portfolio Pulse from Hayden Buckfire

July 30, 2024 | 12:59 pm

TRP

TC Energy has announced a $1 billion equity interest purchase agreement with an Indigenous Investment Partnership for a 5.34% stake in NGTL and Foothills pipeline assets. The deal is backed by the Alberta Indigenous Opportunities Corporation and implies an enterprise value of $1.65 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:19 pm

CTGO

Contango ORE, Inc. (NYSE:CTGO) has commenced a surface drilling campaign at the newly acquired Johnson Tract property. The campaign targets 3,000 meters across 20 drill holes and includes hydrological testing and advanced metallurgical analysis. The program is expected to last three months.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 12:09 pm

ETHA

ETHE

FETH

GBTC

IBIT

Bitcoin spot ETFs saw net inflows for the fourth consecutive day, while Ethereum ETFs experienced continued outflows. BlackRock's Bitcoin ETF led with $206 million in new investments, whereas Grayscale's Bitcoin ETF saw outflows of $54.2931 million. Ethereum ETFs faced a net outflow of $98.2856 million, with Grayscale's Ethereum ETF losing $210 million. However, BlackRock's and Fidelity's Ethereum ETFs attracted inflows.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 11:31 am

ARVN

Arvinas announced that its cash, cash equivalents, restricted cash, and marketable securities totaling $1.23 billion as of June 30, 2024, are sufficient to fund its planned operating expenses and capital expenditure requirements into 2027.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:20 am

NEOG

Neogen expects its FY2025 adjusted EBITDA to be between $215M and $235M, with capital expenditures around $85M, including $55M for integrating the former 3M Food Safety Division.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:08 am

CNP

CenterPoint Energy has provided an update on its response to Hurricane Beryl. The company plans to nearly double the size of its vegetation management crews and target higher risk vegetation to protect its electrical assets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:30 am

JBLU

JetBlue has announced an incremental deferral of approximately $3 billion in planned capital expenditures for aircraft. This move is likely aimed at improving the company's liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:11 am

EPD

Enterprise Products Partners L.P. (NYSE:EPD) is expanding its Houston Ship Channel terminal to boost propane and butane export capacity by 300,000 BPD. The project, expected to complete by the end of 2026, will also enhance propylene export capacity. This expansion is driven by strong customer demand and complements the ongoing development at the Neches River Terminal.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 10:08 am