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Assets

TMUS

T-Mobile and EQT have announced a joint venture to acquire Lumos, with T-Mobile investing $950M for a 50% stake and all existing fiber customers. An additional $500M contribution is expected between 2027-2028. This partnership aims to expand broadband services in the U.S. by combining T-Mobile's broadband and wireless capabilities with EQT's infrastructure expertise.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 1:06 pm

ETN

Eaton announced investments in manufacturing facilities in Texas and Wisconsin, expected to create over 800 new jobs. This move signifies Eaton's commitment to expanding its manufacturing capacity and workforce in the United States.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:52 pm

ETN

Eaton has been awarded $26.6 million in federal tax credits to support its U.S. manufacturing and workforce training programs, aimed at advancing clean energy projects. This financial incentive is expected to bolster Eaton's position in the clean energy sector, enhancing its manufacturing capabilities and workforce skills in alignment with growing environmental sustainability trends.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:43 pm

IP

International Paper Company's shares dropped following a report of lower-than-expected Q1 adjusted EPS results. The company also faced a $52 million impairment charge in Q1 due to a January freeze and a fire in Ixtac, Mexico.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:38 pm

GOOGL

Google is significantly expanding its hardware research and development team in Taiwan, making it the largest hardware R&D hub outside the U.S. The company aims to enhance its device and software ecosystem, with a 20-fold increase in its workforce over the past decade.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:19 pm

GPRK

Geopark reported its 1Q 2024 average oil and gas production at 35,473 barrels of oil equivalent per day (Boe/Day), with its 2024 guidance remaining unchanged. The company anticipates a full-year average production of 35,500-39,000 Boe/Day and plans a fully-funded 2024 organic capital expenditures program of $150-200 million to drill 35-45 gross wells.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:09 pm

ARKB

FBTC

GBTC

IBIT

BlackRock's iShares Bitcoin Trust (IBIT) experienced no net inflows, ending a 71-day streak, while Grayscale's Bitcoin Trust ETF (GBTC) saw a significant outflow of $130 million. Conversely, Fidelity Wise's Origin Bitcoin Fund (FBTC) and the Ark Invest and 21Shares ETF (ARKB) reported inflows. This comes as Hong Kong introduces its first cryptocurrency ETFs, signaling a potential shift in the Asian market.

Portfolio Pulse from Murtuza Merchant

April 25, 2024 | 11:51 am

LODE

Comstock has successfully completed the commissioning stages of its demonstration-scale production facility located in Silver Springs, Nevada. This marks a significant milestone for the company as it advances towards full-scale production.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:47 am

MORF

Morphic Therapeutic reported ending the first quarter with $658.8M in cash, cash equivalents, and marketable securities, extending its cash runway into the second half of 2027.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:31 am

KEX

Kirby Corporation forecasts net cash from operating activities to be $600M-$700M in 2024, with capital expenditures between $290M-$330M. This includes $190M-$240M for marine maintenance and improvements, and $90M for growth capital in its businesses.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:09 am