Streetbeat News

Assets

APD

Air Products has announced a $70 million investment to expand its manufacturing and logistics center in Maryland Heights. This expansion aims to enhance the company's production capabilities and improve logistics efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:32 pm

NGG

National Grid shares are trading lower after the company announced a $75 billion investment plan in the US and UK over the next five years.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:24 pm

PIII

P3 Health Partners Inc. (NASDAQ:PIII) has announced a private placement of approximately $42.2 million with institutional investors, including affiliates of Chicago Pacific Founders. The funds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 12:08 pm

ARMN

Aris Mining plans to acquire an additional 31% JV interest in the Soto Norte Gold-Copper Project in Colombia, increasing its controlling interest to 51%. This acquisition will integrate the PSN development team into Aris Mining's management structure, enhancing operational efficiencies and creating synergies.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:29 am

MAC

Macerich has unveiled a comprehensive plan to deleverage its capital structure, invest in key assets, consolidate joint ventures, and improve internal processes. The company aims to achieve a clean FFO/share of ~$1.80 over the next three to four years.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:21 am

CVAC

CureVac has reported a cash and cash equivalents position of €300.2 million as of March 31, 2024, and has reaffirmed its cash runway into the fourth quarter of 2025.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:13 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs have seen significant inflows, totaling $154 million on May 22, with BlackRock's Bitcoin ETF (IBIT) and Fidelity's Bitcoin ETF (FBTC) leading the way. In contrast, Grayscale's Bitcoin Trust (GBTC) experienced outflows. Ethereum ETFs, however, have had a lukewarm reception, particularly in Hong Kong. The SEC's potential approval of an Ethereum ETF has sparked debate within the crypto community.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 11:03 am

BABA

Alibaba is reportedly considering a $5 billion convertible bond sale, according to Bloomberg. This move could provide the company with additional capital for strategic investments and operations.

Portfolio Pulse from Charles Gross

May 23, 2024 | 10:25 am

WLK

Westlake plans to build a new 190,000 square-foot molecular-oriented polyvinyl chloride pipe plant at its Wichita Falls, Texas site. Construction is set to begin by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:16 am

HAE

Haemonetics Corporation has announced the pricing of an upsized private placement of $600 million of 2.50% convertible senior notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 10:03 am