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ERNA

Eterna Therapeutics has completed a strategic financial restructuring, reducing liabilities by discontinuing a lease, saving $72M, and cutting $700,000 in monthly cash outflow. The company also secured $5M in new financing through a PIPE investment.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:41 pm

BLK

Larry Fink, CEO of BlackRock, predicts only one Federal Reserve rate cut in 2024 due to high embedded inflation, contrary to market expectations of two cuts. He attributes inflation to U.S. policies aimed at reducing foreign supply chain reliance.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 9:46 am

OPRT

Oportun has secured a $235 million Senior Secured Term Loan to refinance its existing corporate financing, enhancing its balance sheet flexibility and profitability. The loan, led by Castlelake L.P. and Neuberger Berman, carries a 15% fixed rate and matures in November 2028.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:09 am

C

Citigroup Inc. has announced the redemption of $1 billion of its 1.281% Fixed Rate / Floating Rate Notes due 2025. The redemption will occur on November 3, 2024, with the cash redemption price payable on November 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:42 pm

SPY

The fiscal plans of Donald Trump and Kamala Harris for the 2024 U.S. presidential election could significantly increase the national debt. Trump's plan may add $7.75 trillion, while Harris's could add $3.95 trillion by 2035. These plans are impacting financial markets, with rising Treasury yields and potential inflationary pressures. Gold prices, tracked by SPDR Gold Trust (NYSE:SPY), have reached record highs, indicating market anticipation of policy shifts.

Portfolio Pulse from Piero Cingari

October 29, 2024 | 8:17 pm

SHFS

Safe Harbor Financial (NASDAQ:SHFS) has issued a $1.07 million secured credit facility to a Missouri-based cannabis operator, marking the first part of a $5 million commitment to refinance existing debt. This move highlights Safe Harbor's role in providing competitive financing solutions in the cannabis industry.

Portfolio Pulse from Rolando García

October 29, 2024 | 3:55 pm

SPY

A Reuters poll indicates that the Federal Reserve is expected to cut the Fed Funds Rate by 25 basis points in both November and December, bringing it to 4.25%-4.50%. By the end of 2025, the rate is projected to be between 3.00%-3.25% or higher.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:48 pm

LAC

Lithium Americas shares rose following the announcement of a $2.26 billion loan from the U.S. Department of Energy's Loan Programs Office.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:41 pm

WMT

The article provides a comprehensive analysis of Walmart (NYSE:WMT) compared to its competitors in the Consumer Staples Distribution & Retail industry. It highlights Walmart's premium valuation with high P/E, P/B, and P/S ratios, but notes challenges in profitability and growth metrics. Despite these challenges, Walmart's lower debt-to-equity ratio suggests a stronger financial position compared to its peers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:00 pm

RYAM

RYAM has successfully raised $700 million through secured term loan financing from funds managed by Capital Management. This move is likely to impact the company's financial stability and future growth prospects.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 12:23 pm