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TELL

WDS

Woodside Energy is set to acquire Tellurian for $900 million in an all-cash deal, offering a 75% premium over the July 19 closing price. This acquisition will create a global LNG powerhouse and provide an attractive entry into a scalable, fully permitted 27.6 Mtpa US LNG development option, with significant cash generation potential to support long-term shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:51 am

MESO

Mesoblast has started enrolling patients in a Phase 3 trial for its drug candidate Rexlemestrocel-L, aimed at treating chronic low back pain.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:38 am

BA

Boeing projects a need for 44,000 new airplanes by 2043, driven by a 4.7% annual passenger growth rate. The company expects a 3% increase in airplane deliveries over the next 20 years, with emerging markets and single-aisle market demand being key growth drivers.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:22 am

JNJ

Addex's partner Janssen has decided to discontinue the development of ADX71149 for epilepsy treatment after a Phase 2 study failed to meet its primary endpoint. The study showed that ADX71149 did not significantly improve seizure control in patients with focal onset seizures.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:12 am

FXI

The People's Bank of China has lowered its Loan Prime Rate to 3.35%, down from the previous 3.45% and below the estimated 3.45%.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:19 am

FXI

China's 5-year Loan Prime Rate (LPR) for July was reported at 3.85%, lower than the estimated 3.95% and the previous rate of 3.95%.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:19 am

ETH

SOL

The U.S. political landscape saw a major shift as Joe Biden dropped out of the 2024 presidential race, causing volatility in Trump-themed cryptocurrencies. MAGA Coin plunged 8%, while a Solana-based Donald Trump memecoin surged 53%.

Portfolio Pulse from Aniket Verma

July 22, 2024 | 3:47 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin and Ethereum held steady while Dogecoin spiked following President Joe Biden's withdrawal from the 2024 presidential race. Bitcoin closed above $68,000, and Ethereum is awaiting ETF approval. Analysts predict potential volatility and a possible rise to $71,500 for Bitcoin.

Portfolio Pulse from Aniket Verma

July 22, 2024 | 2:52 am

CRWD

MSFT

CrowdStrike's faulty Microsoft Windows update led to a global IT outage, drawing criticism from a U.S. cybersecurity official. The incident affected approximately 8.5 million devices and caused significant disruptions in critical infrastructure operations. CrowdStrike's stock price declined following the incident.

Portfolio Pulse from Ananya Gairola

July 22, 2024 | 2:22 am

AAL

CRWD

DAL

MSFT

UAL

A flawed software update for Microsoft Windows by CrowdStrike has caused a global tech outage, leading to significant disruptions in U.S. air travel. Over 2,500 flights have been canceled for three consecutive days, with Delta Air Lines being heavily affected. The outage has impacted various sectors and resulted in a decline in CrowdStrike's stock price.

Portfolio Pulse from Ananya Gairola

July 22, 2024 | 1:34 am