Day: October 12, 2022
TerrAscend Corp. TRSSF, +1.34% TER, +0.98% said Wednesday its New Jersey and Maryland subsidiaries have closed on a $45.5 million, non-brokered senior secured term loan from funds managed by Pelorus Equity Group. The loan currently bears interest of 12.77% per year and is based on a variable rate tied to the one month secured overnight financing rate (SOFR), with interest-only […]
President Joe Biden told CNN in an interview that aired late Tuesday that he didn’t expect a recession for the U.S. economy, after he was asked if Americans should prepare for one. “I don’t think there will be a recession. If it is, it will be a very slight recession,” Biden said. “Look, it’s possible. […]
Starbucks Corp. SBUX, +0.84% and Delta Air Lines Inc. DAL, +0.29% said that starting Wednesday, those who are enrolled in both the coffee seller’s and air carrier’s loyalty program can link their accounts. Starbucks’ stock rose 0.4% in premarket trading and Delta shares gained 0.2%. Once linked, U.S. customers will earn one mile with Delta […]
Blackstone Inc. BX, +0.91% and Resolution Life plan to raise $3 billion of new equity capital, including a $500 million strategic investment from Blackstone, as part of their new global life insurance and annuity consolidation business. The arrangement will boost Resolution Life’s total equity capital base to more than $8 billion. Blackstone will also handle […]
Shares of Diamondback Energy Inc. FANG, -0.73% rose 0.7% in premarket trading Wednesday, after the oil and natural gas company announced an agreement to buy all leasehold interest and related assets of FireBird Energy LLC for about $1.59 billion in cash and stock. Under terms of the deal announced late Tuesday, Diamondback will exchange 5.86 […]
Ayr Wellness Inc. AYRWF, -1.77% AYR.A, -5.92% on Wednesday named ex-Neiman Marcus executive David Goubert as its new president to oversee the cannabis company’s operational and commercial functions, including production, supply chain, retail, wholesale and marketing. He reports to Ayr Wellness founder and CEO Jonathan Sandelman. Goubert was most recently president and chief customer officer […]
Despite delisting VBB, Valkyrie still continues to manage the Bitcoin Strategy ETF and its Bitcoin futures ETF and the Valkyrie Bitcoin Miners ETF. Source: Cointelegraph
Shares of Lyft Inc. LYFT, +6.08% jumped 3.5% in premarket trading Wednesday, off the previous session’s record low close, after Gordon Haskett analyst Robert Mollins recommended investor buy, citing “overly negative” sentiment and a number of potential positive catalysts. The stock had tumbled 12.0% on Tuesday, and rival ride-share company Uber Technologies Inc.’s stock UBER, […]
The head of the World Health Organization made his strongest comments yet about the devastation being caused by long COVID and urged world leaders to launch immediate and “sustained” efforts to tackle the “very serious” crisis. Writing for The Guardian newspaper, Tedros Adhanom Ghebreyesus said the world has never been in a better position to […]
Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry. Source: Cointelegraph
