Streetbeat News

Partnerships

LTRN

Lantern Pharma Inc. (LTRN) has announced a strategic AI-driven collaboration with Oregon Therapeutics to optimize the development of the drug candidate XCE853, a protein disulfide isomerase inhibitor aimed at treating various cancer indications. This collaboration will utilize Lantern's RADR AI platform to identify biomarkers and efficacy-associated signatures for XCE853, potentially guiding future clinical development and patient selection.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 7:00 am

NVDA

SSNLF

The AI boom has highlighted the importance of South Korean chipmakers Samsung Electronics (SSNLF) and SK Hynix, with experts debating which is the better investment. Both companies are key suppliers to Nvidia (NVDA), a major beneficiary of the AI surge. Samsung reported a significant increase in profits, while SK Hynix returned to profitability after losses. Opinions on investment favor SK Hynix for its early leadership in HBM3 and higher profit margins, though some see potential in both companies.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 4:24 am

DOGE

SHIB

TRUMP

MAGA Memecoin (CRYPTO: TRUMP), a Trump-themed cryptocurrency, is gaining attention as the 2024 election approaches, with its chief marketing officer, Steven Steele, suggesting its value could rise with Donald Trump's potential re-election. The coin, which has donated over $1 million in Ethereum to charity, aims to rival Dogecoin and Shiba Inu in popularity. Despite competition from other political meme coins like BODEN, Steele remains optimistic about TRUMP's prospects. Donald Trump's changing stance on cryptocurrencies and his significant holding in TRUMP add to the coin's visibility.

Portfolio Pulse from Ivan Crnogatić

May 04, 2024 | 5:08 pm

AAPL

Wedbush's Dan Ives anticipates Apple Inc.'s AI strategy reveal at the WWDC in June will initiate an AI-driven super cycle, particularly with the iPhone 16, expected to boost upgrades especially in China where 70% of 230 million iPhones haven't been upgraded in three years. Apple's recent performance in China exceeded expectations, with iPhone sales declining only 8.1% against forecasts of up to 19.1%. Talks with Google and Microsoft-backed OpenAI for AI model licensing, alongside its own 'Project Graymatter', are underway. Tim Cook's China visit signifies Apple's commitment to the market.

Portfolio Pulse from Rounak Jain

May 04, 2024 | 6:23 am

LPTV

Loop Platform reported a significant growth in Q2 2024, with a 108% YoY increase in partner screens, reaching 50,000 across partner platforms.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:37 pm

AGAE

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) announced significant changes to its Board of Directors and management team, effective April 30, 2024. Mr. Yangyang Li has been appointed as President and will continue as Chairman of the Board, while resigning from his roles in the Compensation Committee and as Chair of the Nominating and Corporate Governance Committee. Ms. Chi Zhao joins as an independent director and takes on roles within the Board, including Chair of the Nominating and Corporate Governance Committee. Ms. Yinghua Chen and Mr. Adam Pliska have resigned as directors, with Chen continuing as CEO. The company aims to focus on mergers and acquisitions, strategic partnerships, investment in Asia, and legal proceedings under the new leadership structure.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:11 pm

PARA

SONY

Paramount is reportedly stepping back from its deal with Skydance, creating uncertainty about the future collaboration between the two. This move could affect Paramount's strategic positioning and content pipeline, as Skydance has been a significant content provider.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 7:33 pm

FMAO

Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) announced Andrew Briggs as the new Chairman of the Board, succeeding Jack Johnson who is retiring due to age requirements. Briggs, with over 40 years in banking and significant community involvement, brings a wealth of experience to FMAO. The company highlights its succession planning and board renewal efforts, with over half of the current board members having joined since 2016. Lars Eller, CEO, praised both Briggs' appointment and Johnson's contributions.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 7:17 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options activity, indicating mixed sentiment among high-rolling investors, with 25% bullish and 50% bearish. The activity includes 8 trades, with a notable put for $70,461 and 7 calls totaling $516,917, suggesting a price range of $55.0 to $100.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently up 2.48% at $76.22, with neutral RSI indicators and upcoming earnings in 4 days. Analyst ratings from Stifel and Wedbush give an average target price of $92.5.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 7:16 pm

USB

U.S. Bancorp (NYSE:USB) has appointed Gunjan Kedia as its new president, a role in which she will oversee the company's three business lines to promote growth and enhance client experiences. Kedia, with over 30 years in financial services, has been with U.S. Bank since 2016, contributing significantly to its growth and diversity efforts. She reports to Andy Cecere, chairman and CEO, and aims to continue driving success across all business lines.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:31 pm