Streetbeat News

Products Services

APO

C

Citigroup has entered into a $25 billion deal with Apollo Global Management to launch a private credit venture. This partnership aims to leverage Citigroup's banking capabilities and Apollo's investment expertise to create a significant player in the private credit market.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:34 pm

MSTR

Bitcoin is highlighted as a hedge against geopolitical uncertainty, with NYDIG noting its potential parallels to gold's performance. Despite a recent rally, options data shows traders are cautious. Corporate adoption is growing, with Cathedra Bitcoin joining MicroStrategy in strategic investments. NYDIG advises caution with new metrics like 'Bitcoin per share.'

Portfolio Pulse from Khyathi Dalal

September 26, 2024 | 3:31 pm

SOFI

Investors are showing a bullish stance on SoFi Techs (NASDAQ:SOFI) with significant options activity detected. Benzinga's options scanner identified 10 unusual trades, with 70% being bullish. The price target for SOFI is between $7.0 and $12.0. The stock is currently trading at $7.72.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 3:30 pm

FUBO

ROKU

VERS

FuboTV Inc. has launched a beta version of its Multiview feature on select Roku devices, allowing users to stream up to four live channels simultaneously. This move positions Fubo as the first vMVPD to offer such a feature on Roku, enhancing user experience and content personalization. Despite this innovation, FUBO shares have declined over 40% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2024 | 3:30 pm

AZN

AstraZeneca's top-selling cancer drug, Tagrisso, has received FDA approval for a new lung cancer indication, specifically for patients with unresectable, Stage III EGFR-mutated NSCLC. This approval is based on the LAURA Phase 3 trial, which showed significant improvement in progression-free survival. Tagrisso generated $1.6 billion in sales in Q2 2024.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 3:19 pm

CMBM

Beetel Teletech has partnered with NASDAQ-listed Cambium Networks to distribute its networking solutions in India. This strategic move aims to capitalize on India's growing internet access, projected to reach 60-65% by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:18 pm

EQNR

SHEL

TTE

Shell, TotalEnergies, and Equinor have completed the Northern Lights Joint Venture, a CO2 storage project in Norway. Despite its environmental significance, shares of all three companies are trading lower. Additionally, Shell and Equinor face legal challenges for other projects in the North Sea.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 3:14 pm

ABBV

AbbVie Inc announced that its Phase 3 TEMPO-1 trial for tavapadon, a treatment for early Parkinson's disease, met its primary and key secondary endpoints. The trial showed significant improvement in patients' symptoms compared to placebo. The safety profile was consistent with previous trials. Full results will support future regulatory submissions.

Portfolio Pulse from Vandana Singh

September 26, 2024 | 3:14 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) is focusing on future growth in the EV charging sector with innovations like 'Plug and Charge' and AI-driven solutions. The company aims to maintain its leadership by addressing future developments in the industry. Despite a 72% stock decline over the past year, ChargePoint is at the forefront of EV charging evolution.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2024 | 3:06 pm

GE

RYCEY

WAB

GE Hitachi, Holtec, Rolls-Royce SMR, and Westinghouse have advanced to the next stage of the UK's small modular reactor (SMR) program, while NuScale was not selected. The companies will enter negotiations with Great British Nuclear, aiming for contracts by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:59 pm