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FWONK

Liberty Media Corporation has announced the pricing of its public offering of 10.65 million shares of Series C Liberty Formula One Common Stock (FWONK) at $77.50 per share, aiming to raise $825.375 million. The proceeds will partially fund the acquisition of Dorna Sports, S.L., and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:18 pm

BA

GCAD

ITA

Boeing's 777X jetliner faces delays due to structural cracks found during test flights, potentially pushing the launch to 2026. This adds to Boeing's ongoing challenges, including FAA inspections and regulatory issues. Boeing shares are slightly up premarket.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 12:16 pm

LRHC

La Rosa Holdings Corp. (NASDAQ:LRHC) has acquired its Carolina, Puerto Rico-based franchisee, BF Prime LLC, as part of its expansion strategy. The acquisition introduces a new revenue model in Puerto Rico, with expectations of significant growth in the real estate market. La Rosa aims for $100 million in annualized revenue by 2024, with profitability projected for 2025. Despite these developments, LRHC shares fell by 4.76% premarket.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 12:15 pm

ARCH

CEIX

Arch Resources shares rise following the announcement of an all-stock merger with CONSOL Energy to form Core Natural Resources.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:14 pm

ALLG

BITF

EBS

GTI

JD

M

SABR

Macy's reported weak sales, causing its shares to drop 9.4% in pre-market trading despite beating earnings estimates. Other stocks like JD.com, Sabre, Bitfarms, Emergent BioSolutions, Graphjet Technology, and Allego also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 12:14 pm

ARCH

CEIX

Arch Resources and Consol Energy are merging to form a $5.2 billion coal entity, Core Natural Resources. The merger aims to create a leading North American coal producer with enhanced operational efficiencies and market reach. Despite industry challenges, the merger reflects coal's ongoing role in global energy production.

Portfolio Pulse from Stjepan Kalinic

August 21, 2024 | 12:12 pm

LIPO

Lipella Pharmaceuticals shares are trading lower following the announcement that the company will present clinical data on LP-20 at an international conference in Japan.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:08 pm

RVPH

Reviva Pharmaceuticals' stock is declining following the announcement of a $5.0 million offering, which may dilute existing shares.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:03 pm

ACON

Aclarion, Inc. has launched the CLUE Trial to assess how often Nociscan's AI-generated biomarker data influences changes in surgical treatment plans for chronic low back pain. This trial will involve multiple physicians and sites, contributing to Aclarion's clinical evidence.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:02 pm

TSLA

Former Tesla executive Rohan Patel believes Kamala Harris would be better for Tesla's long-term success than Donald Trump, despite Elon Musk's support for Trump. Patel argues that Harris's policies favor sustainable energy and EVs, while Trump's actions suggest a deceleration of these initiatives. Patel also highlights the benefits Tesla has received from the Democratic Party's Inflation Reduction Act.

Portfolio Pulse from Anan Ashraf

August 21, 2024 | 12:02 pm