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SATL

Satellogic Inc. (NASDAQ:SATL) announced a $30M strategic investment from Tether Investments Limited through secured convertible notes issued by its subsidiary, Nettar Group, Inc. This investment, which provides Satellogic with additional operating liquidity and financial flexibility, is aimed at advancing the company's U.S. strategy, National Security market focus, and global Space Systems opportunities. The notes, bearing interest at SOFR plus 6.50%, are convertible into Class A ordinary shares at $1.20 each, subject to CFIUS approval, and are secured by the company's assets.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:10 pm

EQIX

Equinix, Inc. (NASDAQ:EQIX) and PGIM Real Estate have announced a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in Silicon Valley. The facility, named SV12x, will offer over 28 MW of power capacity and is part of Equinix's global xScale data center portfolio, expected to exceed $8 billion and 725 MW across more than 35 facilities. PGIM Real Estate will hold an 80% equity interest, with Equinix holding the remaining 20%. This venture marks PGIM Real Estate's first investment through its global data center strategy.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:09 pm

EQNR

EQT

EQT Corporation has agreed to sell a 40% interest in its non-operate natural gas assets in Northeast, PA, to Equinor USA Onshore Properties and affiliates for $500M in cash and upstream assets. The assets EQT will receive include approximately 26,000 net acres in Monroe County, Ohio, and 10,000 net acres in Lycoming County, Pennsylvania, with expected net productions of ~135 MMcfe/d and ~15 MMcfe/d by 2025, respectively. Additionally, EQT will gain a 16.25% ownership in EQT-operated gathering systems in Lycoming County and a gas buy-back agreement with Equinor through Q1 2028.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:06 pm

SCHW

Schwab reported March core net new assets totaling $45 billion, with total client assets reaching $9.1 trillion, marking a 20% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:03 pm

NET

Analysts have diverse opinions on Cloudflare (NYSE:NET), with recent ratings ranging from bullish to bearish. The average 12-month price target for NET has increased by 30.6% to $106.62. Analyst actions include adjustments to ratings and price targets, reflecting dynamic market conditions and Cloudflare's performance. Cloudflare's financial overview shows strong market presence, revenue growth, and profitability, with a market capitalization and performance metrics above industry benchmarks.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 12:00 pm

USO

Russia has successfully restored some of its primary oil refining units that were damaged by Ukrainian drone attacks, according to Reuters. This development could have implications for global oil supply dynamics and potentially influence oil prices.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:56 am

STGW

Stagwell (NASDAQ:STGW) has announced the acquisition of Brazil-based PROS Agency, a brand and marketing consultancy. This move aims to enhance Stagwell's presence in Brazil and the broader Latin America region, integrating PROS into Allison, a global marketing and communications consultancy within Stagwell. The financial terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:52 am

PLL

Piedmont Lithium's stock price increased following the announcement that the company has received mining permit approval for its Carolina Lithium project, allowing for construction, operation, and reclamation.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:44 am

GS

Goldman Sachs reported an 18% year-over-year growth in its Asset & Wealth Management revenues for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:36 am

UBX

Unity Biotechnology announced that its 2023 cash, cash equivalents, and marketable securities totaling $43.2 million are expected to fund operations into the third quarter of 2025.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:23 am