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IVCA

Investcorp AI Acquisition Corp. (NASDAQ:IVCA) is set to merge with Bigtincan Holdings Limited, creating a new Nasdaq-listed entity, Bigtincan Limited, valued at $275 million. The deal involves a mix of equity and cash options for Bigtincan shareholders and aims to raise additional funds through PIPE and debt financing.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:14 am

JKS

JinkoSolar plans to reduce its stake in its subsidiary Jiangxi Jinko to 53.26% through a GDR offering on the Frankfurt Stock Exchange, potentially raising RMB 4.5 billion. The proceeds will fund projects in the U.S. and China, subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:03 am

SASR

Sandy Spring Bancorp reported Q3 2024 earnings of $0.40 per share, missing the $0.46 estimate, and sales of $81.41M, below the $88.49M estimate. Earnings decreased by 35.48% and sales by 4.31% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 10:02 am

BA

GCAD

PPA

Boeing has secured an order from Emirates SkyCargo for five additional 777 Freighters, increasing Emirates' total Boeing widebody aircraft orders to 249. This order reflects the growing demand for air cargo services and Dubai's prominence as a logistics hub. Boeing shares are trading higher premarket, and investors can gain exposure through ETFs like Invesco Aerospace & Defense ETF and Gabelli Commercial Aerospace and Defense ETF.

Portfolio Pulse from Lekha Gupta

October 21, 2024 | 9:51 am

SDVKY

Sandvik reported Q3 adjusted EPS of $0.28, missing the $0.30 estimate, and sales of $2.91B, missing the $3.01B estimate. Both figures show a slight decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:36 am

NVO

Novo Nordisk's SOUL trial shows a 14% reduction in major adverse cardiovascular events with oral semaglutide compared to placebo, achieving its primary objective.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:29 am

NVDA

NVDQ

The T-Rex 2X Inverse Nvidia Daily Target ETF (BATS:NVDQ) has suffered a 96% decline as Nvidia Corp. (NASDAQ:NVDA) surged by 221% over the past year. The ETF is designed to gain when Nvidia's stock falls, but Nvidia's strong performance, driven by demand for GPU chips and AI investments, has led to significant losses for the ETF.

Portfolio Pulse from Pooja Rajkumari

October 21, 2024 | 9:27 am

BTCUSD

ETHUSD

Ethereum co-founder Vitalik Buterin expressed optimism about the future of cryptocurrencies, citing recent challenges as catalysts for growth. He highlighted the collapse of FTX and other centralized platforms as opportunities for improvement, advocating for technological advancements like multi-signature wallets. The crypto market is experiencing a resurgence, with Bitcoin and Ethereum showing bullish momentum.

Portfolio Pulse from Benzinga Neuro

October 21, 2024 | 9:16 am

DRUG

Bright Minds Biosciences Inc. announced a non-brokered private placement to raise up to $35 million through the sale of common shares and pre-funded warrants. The funds will be used for drug development and general working capital.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:14 am

NBIS

Nebius Group shares are set to resume trading on the Nasdaq Global Select Market at 9:00 A.M. Eastern Time today. This marks a significant event for the company and its investors.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 9:02 am