Streetbeat News

Assets

PFC

WSBC

WesBanco (NASDAQ: WSBC) and Premier Financial Corp. (NASDAQ: PFC) have announced a merger agreement where Premier shareholders will receive 0.80 shares of WesBanco for each Premier share. The deal is valued at approximately $959 million, or $26.66 per share, creating a regional financial services entity with over $27 billion in assets.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:13 pm

MEDS

TRxADE Health has completed a business combination with Scienture in a $103 million all-stock transaction. TRxADE acquired all of Scienture's assets in exchange for TRxADE shares.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 12:07 pm

ETHA

ETHE

GBTC

IBIT

Bitcoin has rebounded to $67,000, driven by Bitcoin ETFs gaining traction, while Ethereum ETFs face headwinds with significant outflows. Grayscale Ethereum Trust (ETHE) saw a net outflow of $346 million, while BlackRock's Ethereum ETF (ETHA) attracted $70.9289 million. Bitcoin spot ETFs recorded a net inflow of $31.1571 million, with BlackRock's Bitcoin ETF (IBIT) seeing substantial inflows.

Portfolio Pulse from Murtuza Merchant

July 26, 2024 | 12:01 pm

APO

SONY

Apollo Global Management has provided a $700 million capital solution to Sony Music Group to support investments in the music industry.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:16 am

WMT

Reuters reported that Walmart is considering a $200 million investment in self-driving forklifts.

Portfolio Pulse from charles@benzinga.com

July 26, 2024 | 11:15 am

CHTR

Charter Communications has revised its 2024 capital expenditure forecast to $12.0 billion, down from the previous range of $12.2 billion to $12.4 billion. The reduction is due to lower net additions of Internet and video customers and the end of the ACP. Despite this, Charter plans to increase spending on line extensions and network evolution.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 11:06 am

EAF

GrafTech International expects Q3 sales volume to be in line with Q2, with a modest improvement in FY24 sales volume YoY. The company anticipates a mid-teen percentage decline in FY24 cash cost of goods sold per MT compared to 2023, and reiterated FY24 capex of $35M-$40M.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 10:44 am

TROW

Top Wall Street analysts have updated their expectations for T. Rowe Price Group, Inc. (NASDAQ:TROW) ahead of its Q2 earnings release on July 26. Analysts predict earnings of $2.27 per share and revenue of $1.79 billion. The company recently reported assets under management of $1.57 trillion. Various analysts have adjusted their price targets and ratings for TROW.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 6:36 am

GBTC

IBIT

Jersey City Mayor Steven Fulop announced that the city's pension fund will allocate a portion to Bitcoin spot ETFs, following Wisconsin's lead. The specific ETFs and allocation percentage were not disclosed. Wisconsin's pension fund previously invested in BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale's Bitcoin Trust (GBTC).

Portfolio Pulse from Aniket Verma

July 26, 2024 | 5:42 am

LLAP

Terran Orbital has received a Certificate of Occupancy for its new 94,000 square foot assembly facility in Irvine, California. This facility will significantly increase the company's space vehicle assembly, integration, and testing capabilities by over three times its current capacity.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:31 pm