Streetbeat News

Equity Actions

TTNP

Titan Pharmaceuticals has announced a private placement of convertible preferred stock worth $9.5 million. The shares have a conversion price of $0.466.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:32 am

MSGE

Madison Square Garden Entertainment (MSGE) has filed for an offering of up to 7.15 million shares of common stock by the selling shareholders. The company also intends to purchase approximately $50 million of Class A common shares from the underwriters.

Portfolio Pulse from Charles Gross

September 18, 2023 | 11:21 am

CLVT

Clarivate has announced the termination of its Tax Benefits Preservation Plan, which will expire at the end of the day on October 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:14 am

BDTX

Black Diamond Therapeutics has appointed its current Chairman, Mark Velleca, as the new CEO, effective immediately. He succeeds the company's CEO and co-founder, David Epstein, who has stepped down but will continue to serve as a board member.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:08 am

VIRI

Virios Therapeutics has announced the termination of its At-The-Market sales agreement. The company did not provide further details on the reasons behind this decision.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 11:06 am

TSLA

Tesla is in early discussions with Saudi Arabia for a potential vehicle factory, according to Wall Street Journal sources.

Portfolio Pulse from Charles Gross

September 18, 2023 | 10:51 am

BABA

SFTBY

Alibaba Group Holding Ltd (NYSE:BABA) is reportedly planning a $2 billion investment in Turkey, following a meeting between CEO Michael Evans and Turkey's President. The company has already invested about $1.4 billion in Turkey through its e-commerce marketplace, Trendyol. Alibaba holds a 76.1% stake in Trendyol, which reached a valuation of $16.5 billion in 2021. Other investors in Trendyol include Softbank Group Corp (OTC:SFTBY), General Atlantic, Qatar Investment Authority, and Abu Dhabi sovereign fund ADQ.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 10:47 am

EFSH

1847 Holdings has engaged Spartan Capital to explore strategic options, including potential privatization. This could lead to significant changes in the company's structure and operations.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:36 am

AAPL

GOOGL

META

MSFT

Apple Inc. (AAPL) is planning major product launches for 2024, including 'Apple GPT', a 10-year anniversary special Apple Watch Series X, and larger iPhones. The company is also entering the generative AI race with 'Apple GPT', a chatbot solution, and a large language model called Ajax. Apple's AI initiatives will compete with Microsoft (MSFT), Alphabet (GOOG, GOOGL), and Meta Platforms (META). Other anticipated releases include M3-powered Macs, a refreshed iPad lineup, and accessory upgrades.

Portfolio Pulse from Rounak Jain

September 18, 2023 | 10:09 am

NLY

UBS analyst Brock Vandervliet has upgraded Annaly Capital Management (NYSE:NLY) from Neutral to Buy and raised the price target from $21 to $24.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 10:04 am