Streetbeat News

Assets

MAIN

Main Street Capital announced in Q1 2024, it originated or increased commitments in its private loan portfolio by $146.3M and funded investments totaling $154.5M.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:22 am

DNA

Ginkgo Bioworks has acquired AgBiome's platform assets, including over 115,000 strains, 500 million gene sequences, and AgBiome's development pipeline. These assets will be integrated into Ginkgo Ag Biologicals Services, enhancing Ginkgo's metagenomics database.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:19 am

ELYM

Eliem Therapeutics announced a plan to raise $120M through a private placement from leading life sciences investors. This move aims to fund its ongoing and future projects, potentially impacting its financial stability and growth prospects.

Portfolio Pulse from Charles Gross

April 11, 2024 | 11:15 am

TPET

Trio Petroleum updated on its oil producing assets in Monterey County, California, including the Presidents Field of the South Salinas Project and the McCool Ranch Field, with combined oil production stabilizing at 75 barrels per day.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:11 am

IPSC

Century Therapeutics announced a pipeline expansion in autoimmune disease treatments, supported by a $60M private placement led by Bain Capital Life Sciences and the acquisition of Clade Therapeutics. This expansion includes additional regulatory filings for its iPSC-derived iNK cell therapy, CNTY-101, and incorporates three preclinical-stage programs from Clade's platform, enhancing its position in allogeneic, iPSC-derived cell therapy.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 11:06 am

MU

Micron Technology, Inc. estimates that the recent earthquake will affect up to a mid-single digit percentage of a calendar quarter's company-level DRAM supply, as disclosed in their 8-K filing.

Portfolio Pulse from Charles Gross

April 11, 2024 | 10:53 am

DIA

GLD

QQQ

SPY

USO

US stock markets fell after unexpectedly high inflation data, with the S&P 500, Dow Jones, and Nasdaq all closing lower. Inflation in the US rose to 3.5% in March, impacting global markets with mixed results in Asia and Europe. Commodities saw gold trading above $2,350, while crude oil prices dropped.

Portfolio Pulse from Akanksha Bakshi

April 11, 2024 | 10:47 am

GLD

ORLA

The article discusses the improbability of a 50% crash in the S&P 500 market, countering the notion with insights from market technician Chris Vermeulen, who predicts a possible 10% to 20% correction by year-end. It also debunks the idea that gold or gold miners, like Orla Mining Ltd. (ORLA) and the SPDR Gold Shares ETF (GLD), would protect investors in such a crash, suggesting instead that put options on stocks are a more effective hedge. The article highlights the success of a hedged portfolio method, which has shown promising results in protecting against market downturns.

Portfolio Pulse from David Pinsen

April 11, 2024 | 10:28 am

BLK

BlackRock and Santander have announced a structured transaction where funds and accounts managed by BlackRock will provide financing on a $600M portfolio of infrastructure credit. This move signifies a significant investment in infrastructure financing and showcases the strategic partnership between BlackRock and Santander in the financial sector.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:05 am

RDNT

RadNet has successfully priced and upsized its previously announced refinancing transaction, which includes both a term loan and a revolving credit facility. This move is aimed at improving the company's financial flexibility and potentially reducing interest expenses.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:04 am