Streetbeat News

Revenues

BANC

MS

Banc of California is selling $2 billion of residential loans, which were acquired after rescuing PacWest. Morgan Stanley is overseeing the sale of these business-purpose loans.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 5:43 pm

EADSY

Airbus SE has secured a €2.1 billion ($2.27 billion) contract with Germany's Bundeswehr for next-generation military satellites. The contract includes the development, integration, testing, and deployment of two new GEO telecommunications satellites, ground segment enhancements, and 15 years of operational services. The deal highlights Airbus's role in the European space ecosystem and involves several German partners.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 5:40 pm

TXT

Textron (NYSE:TXT) has outperformed the market over the past 15 years with an average annual return of 15.93%, surpassing the market by 3.06% annually. A $100 investment in Textron 15 years ago would be worth $947.49 today. The article highlights the significance of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 5:30 pm

EW

Edwards Lifesciences (NYSE:EW) has significantly outperformed the market over the past 20 years, delivering an average annual return of 19.18%. A $1000 investment in EW 20 years ago would be worth $33,224.93 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 5:30 pm

LLY

NVO

A study published in JAMA Network found that GLP-1 treatments, such as Novo Nordisk's semaglutide and Eli Lilly's tirzepatide, reduce the risk of ten types of obesity-related cancers in type 2 diabetes patients. The study analyzed data from 1.6 million patients and highlighted the potential cancer prevention benefits of GLP-1 drugs. Novo Nordisk's semaglutide also showed significant benefits in reducing kidney disease progression and cardiovascular death, while Eli Lilly's tirzepatide demonstrated efficacy in treating obstructive sleep apnea.

Portfolio Pulse from Vandana Singh

July 05, 2024 | 5:28 pm

BP

SHEL

TTE

Shell, TotalEnergies, BP, and Mitsui have been allocated a 40% stake in ADNOC's Ruwais LNG project, with each company receiving a 10% stake. The project is expected to significantly boost LNG trade between the Middle East and Asia and double the UAE's sea-borne fuel output by 2028.

Portfolio Pulse from Lekha Gupta

July 05, 2024 | 5:27 pm

FFNTF

4Front Ventures Corp. (OTCQX:FFNTF) has withdrawn its brokered offering due to current market conditions and federal regulatory outlook. The company had planned to raise CA$5 million through the sale of units. Additionally, Kris Krane has been appointed as the new chair of the Board.

Portfolio Pulse from Nina Zdinjak

July 05, 2024 | 5:26 pm

IWF

META

XLC

Meta Platforms, Inc (NASDAQ:META) stock hit an all-time high of $535.69, driven by advancements in AI and generative technology. Meta's new AI models predict multiple future words simultaneously, enhancing performance and reducing training times. The company plans to integrate generative AI into its VR, AR, and mixed reality games, focusing on Horizon. Meta's Threads has grown to over 175 million monthly users. Analyst Laura Martin expects increased GPU investments for AI integration. Investors can gain exposure via XLC and IWF ETFs.

Portfolio Pulse from Anusuya Lahiri

July 05, 2024 | 5:23 pm

CAKEUSD

ZKUSD

PancakeSwap announced an airdrop of $367,000 worth of ZK tokens to its community, targeting veCAKE holders, liquidity providers, and active traders. This follows significant milestones on the ZKsync network, including $3 billion in trading volume and $5 million in TVL.

Portfolio Pulse from Murtuza Merchant

July 05, 2024 | 5:21 pm

CCOEY

Capcom ADR’s (OTC:CCOEY) announced that its co-op dinosaur mech game, Exoprimal, will no longer receive new content updates, just a year after its launch. Despite initial excitement, the game failed to capture a significant player base. Capcom will maintain online services and cycle through previously released seasonal content.

Portfolio Pulse from Franca Quarneti

July 05, 2024 | 5:19 pm