Streetbeat News

Partnerships

HTGC

SynOx Therapeutics has entered into a $35 million loan facility with Hercules Capital (HTGC) to support the development and commercialization of emactuzumab, a treatment for Tenosynovial Giant Cell Tumour (TGCT) and other diseases.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:12 am

EVO

Bayer and Evotec have intensified their collaboration to focus on developing precision treatments for cardiovascular diseases (CVDs), leveraging Evotec's iPSC technology for disease modeling. The partnership aims to identify and validate new drug targets for a portfolio of precision cardiology therapeutics.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:10 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares surged over 15% after CEO Elon Musk secured a deal with the Chinese government for full self-driving (FSD) technology and data transfer. Jim Cramer praised the deal as a significant achievement, comparing it to historical business feats. The deal is expected to open a new revenue stream for Tesla, potentially reversing the recent price momentum downturn due to competition and demand issues in China. Short sellers faced significant losses due to the stock's rally.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 6:23 am

AAPL

AMZN

KO

MCD

ON

SBUX

TSLA

U.S. stocks rose on Monday, led by a 15% jump in Tesla shares on news of a partnership with Baidu for Full Self-Driving in China. Apple shares also increased by 2.5% following an upgrade by Bernstein. ON Semiconductor reported better-than-expected Q1 results. The Dow Jones gained 146 points, while the S&P 500 and Nasdaq also saw increases. Investors are awaiting earnings from Amazon, McDonald's, Starbucks, and Coca-Cola. The CNN Money Fear and Greed index indicated improved market sentiment but remained in the 'Fear' zone.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 6:13 am

FOX

PARA

NFL Commissioner Roger Goodell discussed potential changes to the NFL schedule, including moving the Super Bowl to align with Presidents' Day weekend, potentially making the day after the Super Bowl a de facto holiday. This move could increase viewership and advertising revenue for the Super Bowl, which is beneficial for companies with media deals with the NFL and sportsbooks. Paramount Global and Fox Corporation, with rights to broadcast the Super Bowl, could see increased advertisement charges due to higher viewership expectations.

Portfolio Pulse from Chris Katje

April 29, 2024 | 9:51 pm

HYLN

Hyliion and Victory Clean Energy have signed a Letter of Intent (LoI) for Victory to purchase up to 10 KARNO generators for deployment in H2 Energy Group's Hydrogen production facilities. This agreement marks a significant step towards enhancing hydrogen production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 9:17 pm

RKLB

Rocket Lab is set to conduct back-to-back launches for NASA's PREFIRE mission, deploying two satellites into precise orbits to support climate change research. This mission highlights Electron's responsive launch capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:54 pm

HA

YOU

CLEAR (NYSE:YOU) is launching its identity verification technology at Kahului Airport (OGG) in Maui, expected to create 33 jobs and generate $2.1M annually in local economic impact. This expansion is part of CLEAR's growth, now serving 57 airports. A partnership with Hawaiian Airlines offers discounted CLEAR Plus memberships to HawaiianMiles members, enhancing travel efficiency. The launch at OGG and the upcoming launch at Honolulu's airport signify CLEAR's commitment to improving travel experiences and supporting local economies.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:49 pm

CVLG

Covenant Logistics Group, Inc. (NASDAQ:CVLG) announced the appointment of Dustin Koehl as Chief Operating Officer, effective May 13, 2024. Koehl brings over 17 years of transportation experience, including senior roles in operations and sales, and a tenure at Total Transportation of Mississippi. His recent role was Head of Commercialization at Waabi, focusing on AI-centered self-driving truck development. The leadership believes Koehl's experience will drive strategic initiatives and diversify the company's business.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:37 pm

AMAL

Amalgamated Financial Corp. (NASDAQ:AMAL) has completed three community solar projects in Oregon and expects to complete three more by Q3 2024. The projects, financed by a $25 million construction term facility to SolRiver Capital, aim to commence commercial operations soon. This initiative is part of Amalgamated's commitment to sustainable lending and the Oregon Community Solar Program, which offers energy at fixed prices to subscribers, including low to moderate income households.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:34 pm