Streetbeat News

Credit

GILD

Gilead Sciences has priced $2 billion in senior unsecured notes, split into two tranches: $1 billion of 5.250% senior notes maturing in 2033 and $1 billion of 5.550% senior notes maturing in 2053.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:25 am

RCI

Rogers Communications Inc. (RCI) has priced a Canadian private placement of four series of Canadian dollar denominated senior notes with an aggregate principal amount of $3 billion. The net proceeds from the issuance of the Notes will be approximately $2.97 billion.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:21 am

SPGI

S&P Global has priced an offering of $750 million of 5.250% senior notes due 2033.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 6:14 am

NLCP

Anthony Coniglio, founder, president and CIO of NewLake Capital Partners Inc. (OTCQX:NLCP), expressed skepticism about the imminent passing of the Secure and Fair Enforcement (SAFE) Banking Act, which is crucial for the cannabis industry. The Act would allow financial institutions to provide services to licensed cannabis businesses in states with legal medical or recreational programs. The Department of Health and Human Services recently recommended reclassifying cannabis from Schedule I to Schedule III status, which could exempt cannabis companies from IRS Code 280E, facilitating federal tax reliefs.

Portfolio Pulse from Joana Scopel

September 07, 2023 | 9:29 pm

MINM

Minim has expressed substantial doubt about its ability to continue as a going concern, indicating that it will require additional liquidity to continue operations.

Portfolio Pulse from Charles Gross

September 07, 2023 | 9:20 pm

SPY

Chicago Fed President Goolsbee has stated that the collective forecast of the Federal Reserve is that interest rates will have to remain high for an extended period.

Portfolio Pulse from Charles Gross

September 07, 2023 | 9:15 pm

GS

The CEO of Goldman Sachs, David Solomon, has expressed concerns that new capital rules have gone too far, potentially impacting the bank's operations.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:33 pm

GS

Goldman Sachs CEO, Solomon, has identified an opportunity for the company in the private credit sector.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:26 pm

RH

The luxury housing market and broader economy are expected to remain challenging throughout FY23 and into next year due to mortgage rates trending at 20-year highs. The current outlook is for rates to remain unchanged until Q2 2024.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:08 pm

KRE

XLF

Regional banks have been impacted by the Federal Reserve's rate-hiking cycle and poor risk management strategies. However, with the anticipation of yield curve normalization, funds may flow into financial stocks. The SPDR S&P Regional Banking ETF (KRE) and the Financial Select Sector SPDR Fund (XLF) are mentioned as examples. The market sentiment suggests that the Fed is nearing the end of its rate-hiking cycle, which could bring stability to treasury yield volatilities and benefit regional banks. However, generating new loans in a market with flat yields remains a challenge.

Portfolio Pulse from Kevin Green

September 07, 2023 | 5:50 pm