Streetbeat News

Partnerships

DGX

Quest Diagnostics has announced a collaboration aimed at accelerating the adoption of digital and AI pathology innovations to enhance the quality, speed, and efficiency of diagnosing cancer and other diseases.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:58 am

WWW

Wolverine World Wide has entered into two global licensing agreements, marking a significant step in its strategic transformation into a brand-led growth company. This move is aimed at expanding its brand presence and driving growth through strategic partnerships.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:37 am

BAM

BEP

MSFT

Brookfield Asset Management, Brookfield Renewable, and Microsoft have signed a global renewable energy framework agreement. This partnership aims to support Microsoft's objective of sourcing 100% of its electricity consumption from renewable energy sources. The collaboration underscores the commitment of all parties to sustainability and renewable energy initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:34 am

GTHX

G1 Therapeutics and Pepper Bio have entered into a global licensing agreement for Lerociclib, covering all uses except certain radioprotectant applications, excluding the Asia-Pacific region. This partnership could enhance the commercial potential of Lerociclib, potentially impacting G1 Therapeutics' market position and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:26 am

BYON

Beyond (BYON) has announced a partnership with Extend to offer customers modern shipping and product protection solutions. This collaboration aims to enhance customer satisfaction and loyalty by providing comprehensive protection for purchases.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:18 am

GOLD

Barrick Gold has entered into an exploration earn-in agreement with Geophysx Jamaica Ltd. for properties in Jamaica through its subsidiary, Barrick Gold Ltd. This strategic move aims to expand Barrick Gold's exploration footprint and potentially increase its resource base in a new geographic location.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:16 am

CART

Instacart has expanded its omnichannel partnership with The Save Mart Companies, aiming to enhance the grocery shopping experience through improved digital and in-store offerings. This collaboration is expected to leverage Instacart's technology to offer customers a more seamless and integrated shopping experience across The Save Mart Companies' various store brands.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:15 am

POAI

Predictive Oncology's stock price increased following the announcement of a collaboration with FluGen to develop an intranasal flu vaccine. This partnership aims to leverage Predictive Oncology's expertise in the field to create a more effective flu vaccine solution.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:04 am

MSFT

Bill Gates continues to significantly influence Microsoft's AI strategy despite his 2021 ouster over misconduct allegations. He has been involved in key developments like Copilot and Bing's enhancement with ChatGPT technology, advising on product roadmaps and executive recruitment. Gates' vision for AI, including its potential to address global challenges like climate change, remains a driving force behind Microsoft's advancements in the field.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 9:08 am

TSLA

Tesla Inc.'s stock could see a significant rise if its Full Self-Driving (FSD) software rollout in China is successful, according to Future Fund's Gary Black. The potential increase in Tesla's valuation hinges on whether Tesla sells FSD solely on its vehicles or also secures licensing deals with other Chinese EV makers, and the adoption rate of FSD among Tesla owners in China. Black estimates a 10% adoption rate could add 4 cents to EPS, potentially reaching 48 cents per share if the adoption rate hits 30%, translating to an incremental valuation of up to $24 per share. However, competition from Baidu's Apollo Go and regulatory challenges could impact Tesla's success in the Chinese market. Analyst opinions on the potential impact of FSD in China vary, with some projecting significant revenue and earnings growth for Tesla.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 8:42 am