Streetbeat News

Partnerships

AMGN

CTMX

CytomX Therapeutics, Inc. (NASDAQ:CTMX) shares surged following the announcement of its upcoming first-quarter results and an update on the CX-904 Phase 1a dose escalation study, developed in partnership with Amgen, Inc. (NASDAQ:AMGN). The update is scheduled for May 8, after market close. CTMX shares experienced heavy trading volume, significantly exceeding the 100-day average, and trading was temporarily halted due to a circuit breaker. The drug candidate CX-904 is in a Phase 1 study for advanced solid tumors.

Portfolio Pulse from Erica Kollmann

May 01, 2024 | 4:05 pm

BAM

BEP

IYW

MSFT

XLK

Microsoft Corp, Brookfield Asset Management Ltd, and Brookfield Renewable Partners LP have entered a five-year global renewable energy agreement to deliver over 10.5 gigawatts of new renewable energy capacity between 2026 and 2030, mainly in the U.S. and Europe, with potential expansion to other regions. This move, costing over $10 billion, aims to support Microsoft's cloud services demand and grid decarbonization, setting a new record for corporate renewable electricity purchases. Microsoft's commitment to match its electricity consumption with zero-carbon energy by 2030 is reinforced by this agreement.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 3:49 pm

PSTX

Poseida Therapeutics' stock price increased following the announcement of a research collaboration and license agreement with Astellas for the development of novel convertibleCAR programs.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:48 pm

MAR

Marriott International Inc (NASDAQ:MAR) reported mixed Q1 FY24 earnings with a miss on adjusted EPS at $2.13 versus the estimated $2.17, despite beating sales growth estimates with $5.98 billion. The company saw a 6.5% year-on-year sales growth and a 4.2% increase in worldwide RevPAR. Operating margin contracted from 16.9% to 14.7%. Marriott also announced the launch of MGM Collection with Marriott Bonvoy, adding nearly 37,000 rooms. The company raised its FY24 adjusted EPS outlook but remains below analyst expectations. Shares fell by 1.03% to $233.78.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 2:46 pm

TGT

Starlink, Elon Musk's satellite internet service, is now available for purchase at Target Corporation (NYSE:TGT), both online and not in physical stores, with the same pricing as SpaceX. This expansion into retail, including Target, Best Buy, Costco, and Home Depot, aims to increase Starlink's customer base, which has recently surpassed 2.7 million users. Starlink's move to offer refurbished dishes and a $1 trial in select states further aims to make the service more accessible.

Portfolio Pulse from Chris Katje

May 01, 2024 | 2:20 pm

AGCO

AGCO Corporation has officially notified Tractors and Farm Equipment Limited (TAFE) on April 26 about the termination of its commercial relationships, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:32 pm

RBLX

Integral Ad Science (IAS) has announced an integration with Roblox, aiming to enhance advertising safety and effectiveness on the Roblox platform. This partnership will leverage IAS's technology to provide advertisers with improved tools for ad verification and optimization on Roblox, a popular online gaming platform.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:21 pm

PSTX

Astellas and Poseida Therapeutics have announced a research collaboration and license agreement to develop novel allogeneic cell therapies for oncology, focusing on solid tumors using Poseida's proprietary allogeneic CAR-T platform.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:15 pm

ARW

Arrow Electronics has been selected by Broadcom as the sole provider for its CloudHealth offering. This exclusive partnership positions Arrow Electronics (ARW) at the forefront of distributing Broadcom's CloudHealth solutions, potentially enhancing ARW's market position and revenue streams from cloud services.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:15 pm

MULN

Mullen Automotive, Inc. has expanded its dealer network by adding Pritchard EV, a move aimed at enhancing its distribution and sales capabilities in the electric vehicle (EV) market. This partnership is expected to leverage Pritchard EV's established presence and expertise in the automotive industry to boost Mullen's market penetration and customer reach.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:11 pm