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CARR

HON

Honeywell International Inc. is set to acquire the Global Access Solutions business of Carrier Global Corporation for $4.95 billion in an all-cash transaction. The purchase price is equivalent to 13 times the estimated 2023 EBITDA for the business. The transaction is expected to close in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:51 am

DIS

META

Elon Musk's confrontational approach with boycotting advertisers, including a harsh comment directed at Disney's Bob Iger, may be having repercussions as Disney-owned ESPN's NBA insider Adrian Wojnarowski appears on Meta's Threads for a Q&A session. This move could signify a loss for Musk's platform, especially as he aims to focus on video streaming and sports content. Musk continues to criticize Iger, accusing him of mismanaging Disney, particularly in light of Meta's legal issues around child exploitation material.

Portfolio Pulse from Rounak Jain

December 08, 2023 | 11:50 am

BKD

Brookdale Senior Living reported a year-over-year increase of 140 basis points in weighted average occupancy for November 2023, reaching 78.4%. This marks the twenty-fifth consecutive month of occupancy growth. Additionally, November showed favorable sequential trends in move-ins and move-outs compared to October 2023.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:50 am

SEAT

Vivid Seats Inc. has announced the pricing of a secondary underwritten public offering of 18,500,000 shares of its Class A common stock. The shares are being sold by Hoya Topco at a price of $6.50 per share to the public.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:44 am

F

TSLA

Ford CEO Jim Farley acknowledged that Ford's next-gen vehicle team is on a similar path as Tesla with the adoption of a 48-volt architecture. Farley's comments came after reviewing a document from Tesla CEO Elon Musk detailing the benefits of 48-volt systems, such as faster charging and better performance. Ford's upcoming electric truck, Project T3, is set to be built in West Tennessee in 2025 and is described as a thrilling vehicle with a flexible cabin and immersive digital experience. Tesla's Cybertruck also features a 48-volt electrical system.

Portfolio Pulse from Anan Ashraf

December 08, 2023 | 11:44 am

NOV

JP Morgan analyst Arun Jayaram has upgraded NOV Inc. (NYSE:NOV) from Neutral to Overweight and set a price target of $25.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:40 am

FSLR

Morgan Stanley analyst Andrew Percoco has upgraded First Solar (NASDAQ:FSLR) from Equal-Weight to Overweight and increased the price target from $214 to $237.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:39 am

KSS

LEVI

Levi Strauss & Co (NYSE:LEVI) announced that CEO Chip Bergh will retire on April 26, 2024. Michelle Gass, former CEO of Kohl's Corporation (NYSE:KSS), will succeed him as president and CEO starting January 29, 2024. Bergh will become executive vice chair of the board until his retirement and then serve as a senior advisor until the end of the fiscal year 2024. Bergh is credited with taking Levi Strauss public in 2019 and expanding its brand portfolio.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 11:38 am

MSFT

The 2023 Game of the Year 'Baldur's Gate 3' is now available on Xbox Series X and S, priced at $69.99. The game, developed by Larian Studios, was previously launched on PC and PS5. The Xbox version features cross-save with Steam but lacks split-screen co-op on the Series S and cross-save with PS5. The game's unique gameplay and features, such as a romance option with a shape-shifting druid character, contribute to its popularity.

Portfolio Pulse from Benzinga Neuro

December 08, 2023 | 11:37 am

MULN

UBS

Mullen Automotive has filed a complaint accusing UBS Securities, IMC Financial Markets, and Clear Street Markets of market manipulation to affect Mullen's share price. The complaint alleges spoofing, a practice where traders make deceptive bids or offers with the intent to cancel them before execution to manipulate stock prices.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:35 am