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MNTS

Momentus Inc. (NASDAQ:MNTS) has announced a registered direct offering priced at-the-market under Nasdaq rules. The company will sell 672,948 shares of common stock at $7.43 per share to a single institutional investor, resulting in gross proceeds of approximately $5.0 million. Momentus will also issue Series A and Series B warrants to the investor, exercisable immediately at $7.18 per share.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 12:00 pm

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GME

SAIC

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, world economy, electric vehicles, tech, communications, pharma, and consumer. Key points include Biden's growing lead over Trump, whales purchasing $425M in Ethereum, and Ark Invest's proposal for an ETH/USD-based ETF. Other highlights include a potential mega-deal between Biden and the Saudi Crown Prince, warnings about China's economy, and various updates on electric vehicle companies and tech firms.

Portfolio Pulse from Akanksha Bakshi

September 07, 2023 | 11:55 am

SMFKY

WRK

WestRock Co (NYSE:WRK) is reportedly close to merging with Europe's Smurfit Kappa Group (OTC: SMFKY), creating a global paper and packaging entity valued at around $20 billion. The merger comes as both companies face challenges amid weakening demand and declining prices in the containerboard market. The merged company would be incorporated and domiciled in Ireland, with its global headquarters in Dublin. If the merger is finalized, Smurfit WestRock's ordinary shares will be listed on the NYSE.

Portfolio Pulse from Vandana Singh

September 07, 2023 | 11:53 am

RITM

SCU

A consortium led by Boaz Weinstein and including billionaires Bill Ackman, Marc Lasry, and Jeff Yass, has revised its purchase offer for Sculptor Capital Management Inc (NYSE:SCU) to address concerns raised by the board's special committee. The consortium increased its offer by 51 cents per share and strengthened its equity commitments, removed risks associated with debt financing, and increased the damages it would pay if the transaction fails. Sculptor had previously accepted a lower bid from Rithm Capital Corp (NYSE: RITM).

Portfolio Pulse from Vandana Singh

September 07, 2023 | 11:49 am

SHEL

Shell PLC (NYSE:SHEL) has reportedly considered temporarily halting operations at its Prelude floating LNG production platform offshore Australia for maintenance works and repairs. The maintenance schedule will last two months, a shorter period than the initially planned one-year, to capture strong industry gas demand. This decision will allow the plant to benefit from the winter demand in the northern hemisphere, including China and Europe. However, the plant may continue encountering operational issues due to the 'quick fix'.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 11:46 am

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Several analyst forecasts were released on Thursday, with price target changes for Verint Systems, Dave & Buster's Entertainment, Vail Resorts, The Greenbrier Companies, Tronox Holdings, Polestar Automotive Holding, Crocs, Intuit, Owens Corning, American Eagle Outfitters, and Roku. Most of the companies saw their price targets reduced, with a few exceptions such as Vail Resorts, Intuit, Owens Corning, American Eagle Outfitters, and Roku which had their price targets increased.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 11:44 am

LVO

LiveOne (Nasdaq: LVO) announced that its subsidiary, Courtside Group, Inc. (dba PodcastOne) will ring the Nasdaq Stock Market opening bell on September 8, 2023, to celebrate its direct listing on Nasdaq and spin-out as a separate public company.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:42 am

AAPL

Apple Inc.'s shares fell over 2% in premarket trading due to two developments. Firstly, Huawei launched a faster smartphone, Mate 60 Pro, which could lead to Apple losing 10 million iPhone shipments in 2024, according to an Oppenheimer analyst. Secondly, China plans to expand a ban on the use of iPhones in government offices, state companies, and government-backed agencies.

Portfolio Pulse from Shanthi Rexaline

September 07, 2023 | 11:40 am

AAPL

Apple Inc.'s 14-inch MacBook Pro with the M1 Max chip is on sale with a discount of $1,800 at B&H Photo. The deal applies to the Silver and Space Gray color options, with a configuration of 64GB of RAM and a 2TB SSD. Despite the launch of M2-powered MacBooks, the M1 Max MacBook Pro remains a powerful option for tasks like video editing and multitasking.

Portfolio Pulse from Rounak Jain

September 07, 2023 | 11:38 am

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EADSY

Airbus SE delivered 52 airplanes to 34 customers in August, with gross orders totaling 117. Year-to-date deliveries totaled 433 airplanes to 77 customers. Airbus registered 1,218 net orders in the first eight months of 2023, after 39 cancellations. Airbus and Air France-KLM have entered exclusive negotiations to establish a joint venture for Airbus A350 component maintenance services worldwide.

Portfolio Pulse from Nabaparna Bhattacharya

September 07, 2023 | 11:34 am