TPG Inc. - 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Stock (NASDAQ: TPGXL)

Latest news for TPG Inc. - 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL) Stock

TPG Inc. - 6.950% Fixed-Rate Junior Subordinated Notes due 2064

&quot;We are excited to partner with Spur India, a company with a strong reputation and over 25 years of experience in high-reliability components and systems,&quot; said Owen&nbsp;Bateman, VP of worldwide sales at QuickLogic. &quot;Their expertise and dedication to customer satisfaction align perfectly with our mission, and we are confident this partnership will significantly benefit our customers in&nbsp;India.&quot;

News

QUIK

QuickLogic Expands Reach In India Through Strategic Partnership With Spur Microwave Inc.

&nbsp;Pursuant to the Agreement,&nbsp;Jinko Middle East, RELC and VI agree to form a joint venture in&nbsp;Saudi Arabia&nbsp;with&nbsp;Jinko Middle East, RELC and VI holding&nbsp;40%,&nbsp;40%&nbsp;and&nbsp;20%&nbsp;equity interest, respectively. The formation of the joint venture is subject to customary preconditions, including obtaining the requisite regulatory approvals.
The joint venture will build and operate a high-efficiency solar cell and solar module manufacturing facility in&nbsp;Saudi Arabia. The manufacturing facility is expected to have a total investment amount of approximately&nbsp;US$1 billion, and will be funded through a combination of its internal funds and external financing.&nbsp;

JinkoSolar Forms Joint Venture With RELC And VI To Build $1B Solar Cell And Module Facility In Saudi Arabia

Evercore ISI Group analyst Matt McGinley downgrades Yum Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) from Outperform to In-Line and lowers the price target from $160 to $145.

Downgrades

Price Target

Analyst Ratings

Evercore ISI Group Downgrades Yum Brands to In-Line, Lowers Price Target to $145

Teamsters Union is reportedly contemplating <a href="https://www.benzinga.com/news/24/01/36819947/uaw-president-says-cant-fathom-teamsters-backing-trump-who-cycled-through-white-house-staff-like-toi">not endorsing any candidate for the 2024 U.S. presidential election</a>, including the incumbent President Joe Biden. This move, if implemented, could have a substantial impact on Biden&#8217;s reelection prospects.
What Happened: The International Brotherhood of Teamsters, representing 1.3 million members from trucking and manufacturing, among others, could decide on the matter in the coming weeks, Reuters reported.
The union had endorsed Biden in the 2020 election. However, due to internal divisions, it is now uncertain if the union will back any candidate, including Biden. This would be the first time since 1996 that the Teamsters have not endorsed a candidate, the report said. 
The union&#8217;s relationship with the Biden administration has deteriorated over the past few months, particularly concerning the rescue of trucking company Yellow Corp from bankruptcy. The union&#8217;s President, Sean O&#8217;Brien, was reportedly denied an Oval Office meeting to discuss the issue with Biden.
The union&#8217;s decision was also influenced by the dissatisfaction of some Democratic lawmakers and donors with Biden&#8217;s performance, especially after a presidential debate on June 27, a person familiar with the union&#8217;s deliberations told Reuters.
Amid this, O&#8217;Brien also delivered an address at the Republican National Convention (RNC) in Milwaukee on Monday, at the invitation of former President Donald Trump. This is the first time a Teamsters president has spoken at the RNC.
Why It Matters: The Teamsters Union has historically been a significant player in U.S. presidential elections, often endorsing Democratic candidates. The potential decision not to endorse any candidate could significantly impact Biden&#8217;s reelection bid, especially considering unions&#8217; influence in key battleground states.
However, a Teamsters endorsement of Republican candidate Donald Trump <a href="https://www.benzinga.com/news/24/01/36522898/trumps-constructive-conversation-with-teamsters-adds-twist-as-labor-union-mulls-2024-endorsement-is">also seems unlikely</a>, Reuters reported.
United Auto Workers union, which includes nearly 400,000 active members, including many employed by U.S. automakers including Ford and General Motors, however, endorsed Biden in January. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Teamsters

Politics

Tech

Teamsters Union Considers Withholding Endorsement For Both Trump And Biden After Supporting Democrats For Decades: Report

General

MTCH

Starboard Value Sends Letter To Match Group Listing Out Initiatives For Improving Growth, Profitability, And Capital Allocation

Alibaba Group Holding Limited&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) AI-powered energy-management tool, Energy Expert, will reportedly be utilized in the Paris Olympics to minimize electricity consumption across competition venues.
The International Olympic Committee (IOC) will deploy this data-driven tool to achieve the first carbon-neutral edition of the Games, SCMP <a target="_blank" href="https://www.scmp.com/business/article/3270513/paris-olympics-will-use-alibabas-ai-powered-energy-saving-tool-cut-venue-emissions" rel="noreferrer noopener">reports</a>.
Energy Expert, developed by Alibaba&#8217;s cloud unit, uses deep learning-based AI models to analyze real-time power consumption data.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39768528/alibaba-chinese-tech-stocks-and-ev-stocks-nio-xpeng-li-auto-tumble-after-disappointing-economic-repo" rel="noreferrer noopener">Alibaba, Chinese Tech Stocks And EV Stocks NIO, XPeng, Li Auto Tumble After Disappointing Economic Report</a>
It provides venue-specific forecasts and recommendations to optimize energy demand and reduce power waste. This tool will be operational at all 35 locations during the Games, from July 26 to August 11.
To offer comprehensive energy consumption analysis, Alibaba will also incorporate historical data from previous Games, including London 2012, Pyeongchang 2018, and Tokyo 2020.
The Paris Olympics aims to halve event-related carbon emissions compared to previous editions and offset the remaining emissions through reforestation and renewable energy projects.
Price Action:&nbsp;BABA shares are trading lower by 0.60% to $77.54 in the premarket session at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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Equities

Government

Regulations

Media

BABA

Alibaba's AI Tool Powers Paris Olympics' Carbon-Neutral Efforts: Report

Health Care

PASG

Passage Bio Receives Positive Feedback From FDA On Expansion Of upliFT-D Trial Of PBFT02 To Treat Frontotemporal Dementia (FTD)

Preliminary Estimates of&nbsp;Second Quarter&nbsp;2024 Results
Main Street&#39;s preliminary estimate of&nbsp;second quarter&nbsp;2024 net investment income (&quot;NII&quot;) is&nbsp;$1.00&nbsp;to&nbsp;$1.02&nbsp;per share and distributable net investment income (&quot;DNII&quot;) is&nbsp;$1.06&nbsp;to&nbsp;$1.08&nbsp;per share.(1)
Main Street&#39;s preliminary estimate of net asset value (&quot;NAV&quot;) per share as of June&nbsp;30, 2024 is&nbsp;$29.77&nbsp;to&nbsp;$29.83, representing an increase of&nbsp;$0.23&nbsp;to&nbsp;$0.29&nbsp;per share, or&nbsp;0.8%&nbsp;to&nbsp;1.0%, from the NAV per share of&nbsp;$29.54&nbsp;as of&nbsp;March 31, 2024, with this increase after the impact of the supplemental dividend paid in&nbsp;June 2024&nbsp;of&nbsp;$0.30&nbsp;per share. The estimated increase in NAV per share is primarily due to the net fair value increase on the investment portfolio resulting from the net unrealized appreciation and the net realized gain on portfolio investments, including an increase in the fair value of the wholly-owned asset manager, and the accretive impact of equity issuances during the quarter, with these increases partially offset by the net tax expense for the quarter.
As a result of Main Street&#39;s preliminary estimates of NII and net changes in the fair market value of its investment portfolio as noted above, Main Street estimates that it generated a quarterly annualized return on equity of&nbsp;15%&nbsp;to&nbsp;17%&nbsp;for the&nbsp;second quarter&nbsp;of 2024.(2)
Main Street preliminarily estimates that non-accrual investments comprised&nbsp;1.2%&nbsp;of the total investment portfolio at fair value and&nbsp;3.6%&nbsp;at cost as of June&nbsp;30, 2024.

MAIN

Main Street Sees Q2 Net Investment Income (NII) Of $1.00 - $1.02 Per Share; Distributable Net Investment Income (DNII) Of $1.06 - $1.08 Per Share

B of A Securities analyst Heather Balsky maintains S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) with a Buy and raises the price target from $530 to $540.

SPGI

B of A Securities Maintains Buy on S&P Global, Raises Price Target to $540

MICS

Singing Machine's Subsidiary, SemiCab, Announces Over $9M Contracted Revenue Backlog

UHAL

U-Haul Plans To Build A Retail, Moving And Self-Storage Center In Athens

Wolfe Research analyst Shweta Khajuria initiates coverage on Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Peer Perform rating.

Initiation

SNAP

Wolfe Research Initiates Coverage On Snap with Peer Perform Rating

Contracts

GILT

Gilat Bags Over $5M From A National Defense Organization To Upgrade Transportable SATCOM Network Hubs

This consolidation is intended to enhance efficiency, improve alignment and improve process speed within SNDL&#39;s vertical model.

SNDL

SNDL Consolidates Its Cannabis Segments Into A Single Unit Under Leadership Of Tyler Robson

Wolfe Research analyst Shweta Khajuria initiates coverage on Yelp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) with a Peer Perform rating.

YELP

Wolfe Research Initiates Coverage On Yelp with Peer Perform Rating

Syngenta Partners With Ginkgo Bioworks To Boost The Launch Of Biologicals

GTEC

Greenland Technologies And Lonking Team Up To Develop U.S. Heavy Machinery Industry With HEVI Electric Equipment

The project is expected to deliver over&nbsp;$20 million&nbsp;in annualized cost savings driven primarily by the optimization of corporate overhead spending. The restructuring will require a one-time investment of&nbsp;$11 million&nbsp;over the next 18 months.
SNDL expects to achieve most of the anticipated annualized savings by mid-2025, while starting to capture some of the opportunities as early as&nbsp;Q3&nbsp;2024.

SNDL Plans Restructuring Project Aimed At Reducing Corporate Overheads; Reveals Reduction Of 106 Full-time Employees

Baird analyst Eric Coldwell maintains Owens &amp; Minor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) with a Neutral and lowers the price target from $20 to $19.

Baird Maintains Neutral on Owens & Minor, Lowers Price Target to $19

Wolfe Research analyst Shweta Khajuria initiates coverage on Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) with a Outperform rating and announces Price Target of $90.