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Assets

IE

Ivanhoe Electric (IE) has completed an earn-in to acquire a 60% interest in the Samapleu-Grata Nickel-Copper project in the Ivory Coast. The project, in partnership with Sama Resources, has a new preliminary economic assessment showing a pre-tax NPV8 of $463M and a pre-tax IRR of 28.2%, with an estimated initial capital cost of $338M. It is expected to have a 16-year mine life, producing copper and nickel concentrates along with platinum, palladium, and cobalt by-products.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:49 am

TOVX

Theriva Biologics reported a FY EPS of $(1.14), surpassing the $(1.28) estimate, marking a 12.98% improvement from last year's $(1.31) per share loss. As of December 31, 2023, the company has $23.2M in cash, expected to last until Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:32 am

BXP

BXP has completed the sale of a 45% interest in 290 Binney Street, a life sciences development in Cambridge, to Norges Bank Investment Management (NBIM), reducing BXP's project spend by $533.5 million. The property, pre-leased to AstraZeneca, is part of a joint venture with a gross valuation of $1.66 billion. BXP retains a 55% interest and will provide development, property management, and leasing services.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:23 am

DWAC

FDX

On March 22nd, U.S. stock markets closed mixed with the S&P 500 nearly unchanged, marking its biggest weekly rise of 2024 after the Fed's interest rate cut plans. The Nasdaq increased slightly, driven by AI excitement. Baker Hughes reported a decrease in U.S. oil rigs. FedEx surged 7.4% after beating profit expectations, while Digital World Acquisition fell 13.7% following its merger approval with Trump's tech company. Global markets saw mixed results, with declines in Asia and Europe, while commodities like crude oil and gold traded higher.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 11:03 am

HEPS

D-Market Electronic reported a Q4 order growth of 1.7%, a GMV increase of 25.4% to TRY 40.1 billion, and a revenue rise of 29.5% to TRY 11.8 billion. Active customers slightly decreased to 11.9 million from 12.2 million. The company saw a significant improvement in EBITDA, turning positive to TRY 129.1 million from a negative TRY 415.1 million in Q4 2022. Net loss narrowed to TRY 644.1 million from TRY 912.4 million, and free cash flow increased to TRY 2.8 billion.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:36 am

CLF

Cleveland-Cliffs is set to receive $575 million in investments from the US Department of Energy for two decarbonization projects at Middletown Works in Ohio and Butler Works in Pennsylvania. This funding aims to support the company's efforts in reducing carbon emissions at these facilities.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:13 am

CENX

Century Aluminum (CENX) has been selected by the US Department of Energy to receive a $500M investment for building a new green aluminum smelter, aimed at accelerating industrial decarbonization. This will be the first new U.S. primary aluminum smelter in 45 years, potentially doubling the size of the current U.S. primary aluminum industry upon completion.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 10:01 am

ARKB

COIN

HOOD

TSLA

Cathie Wood's Ark Investment Management showed confidence in Tesla (TSLA) by purchasing shares after a price dip, despite rumors of production cuts at its Giga Shanghai factory. Ark's ETFs, including ARKK, ARKW, and ARKQ, bought a total of 116,408 Tesla shares. Meanwhile, Ark sold significant holdings in Coinbase (COIN) and Robinhood (HOOD) amid a crypto market cooldown, despite the ARK 21Shares Bitcoin ETF (ARKB) gaining 37% since its launch.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 8:29 am

BTCUSD

'Rich Dad, Poor Dad' author Robert Kiyosaki plans to buy 10 more bitcoins before the April halving, predicting a rally to $100,000 by September 2024. He suggests buying fractions of Bitcoin through ETFs or Satoshis for those who can't afford a whole coin. Kiyosaki also recommends investing in precious metals like gold and silver as alternatives. The Bitcoin halving, reducing miner rewards by 50%, is expected to decrease supply and potentially increase Bitcoin's price.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 7:51 am

EGY

VAALCO Energy, Inc. has received approval from the Government of Equatorial Guinea for the Joint Operating Agreement related to the Venus-Block P Plan of Development. This approval, under the Block P Production Sharing Contract, initiates a 25-year development and production period.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 7:06 am