Streetbeat News

Partnerships

CATX

The FDA has chosen Perspective Therapeutics to join the CDRP program, aiming to accelerate the development readiness of VMT-α-NET for treating neuroendocrine tumors. This selection could significantly impact the company's progress in bringing its treatment to market sooner.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:20 am

NVS

PeptiDream has expanded its peptide discovery collaboration with Novartis, receiving an upfront payment of $180M and eligibility for up to $2.71B in milestone payments. This expansion signifies a deepening of the partnership between the two companies, potentially leading to significant financial benefits for PeptiDream and advancements in peptide-based therapeutics.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:18 am

VERI

Veritone, Inc. (VERI) has partnered with OPEXUS to deliver artificial intelligence solutions to a major national Canadian bank. This collaboration aims to enhance the bank's operational efficiency and customer service through advanced AI technologies.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:09 am

PLBY

Playboy has announced the signing of multiple new license agreements in China, aiming to expand its brand presence and product offerings in the Chinese market. These agreements are expected to enhance Playboy's visibility and revenue potential in one of the world's largest consumer markets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:08 am

ALNY

Medison and Alnylam Pharmaceuticals have expanded their partnership to commercialize RNAi therapeutics in additional markets in Latin America (LATAM) and the Asia-Pacific (APAC) region, building on their existing collaboration in Europe and Israel.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:06 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares surged after CEO Elon Musk's unexpected visit to China, meeting Premier Li Qiang and other officials, sparking a series of positive announcements. Future Fund's Gary Black speculates this effort is to secure approval for Musk's 2018 compensation plan at the 2024 shareholder meeting, especially after a positive Q1 earnings call and a deal with Baidu ($BIDU). Tesla's recent proxy statement calls for a re-vote on Musk's compensation plan, previously rescinded by a court. Tesla's stock fell over 2% in premarket trading following a 15% rise.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 11:03 am

CNVS

DRCT

META

The article highlights the top 3 oversold tech and telecom stocks in the communication services sector, suggesting potential investment opportunities. Direct Digital Holdings, Inc. (DRCT), Meta Platforms, Inc. (META), and Cineverse Corp. (CNVS) are identified as major players with their RSI values indicating they are oversold. DRCT's stock fell due to Nasdaq non-compliance notification, META's stock dropped despite better-than-expected earnings, and CNVS's stock declined following a deal with Konami Cross Media.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 11:02 am

META

MSFT

The 'GPT2-Chatbot' has recently gained attention for potentially outperforming OpenAI's GPT-4 in various tasks, including solving an International Math Olympiad problem and complex reasoning tasks. OpenAI CEO Sam Altman expressed a 'soft spot' for GPT2, hinting at its significance. Amidst speculation about its origins, some believe it could be an OpenAI creation, while others think it might come from a different entity. This development occurs as OpenAI prepares to launch GPT-5, expected to be a major upgrade over GPT-4, with Microsoft possibly integrating it into its Copilot Pro subscription. Meanwhile, Meta Platforms has introduced its Llama 3 model, claiming superior performance in benchmarks, though GPT-4 was not included in its comparisons.

Portfolio Pulse from Rounak Jain

April 30, 2024 | 10:38 am

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are up in premarket trading after announcing two upcoming Electron launches for NASA's PREFIRE mission, aimed at measuring Earth's polar heat loss. The launches, marking Rocket Lab's 48th and 49th, are scheduled for post-May 22, 2024, with the missions deploying satellites to aid in climate change research.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 10:26 am

HAP

HJEN

SHEL

Nigeria's oil regulator has begun evaluating Shell plc's divestment of its Nigerian onshore subsidiary, SPDC, to Renaissance, a consortium. The $1.3 billion sale includes assets with significant oil and gas reserves. The evaluation will cover financial and technical capabilities, labor relations, and community obligations. Shell also signed a deal to supply gas to Nigeria's Brass methanol facility. Investors can track Shell's stock through Direxion Hydrogen ETF and VanEck Natural Resources ETF.

Portfolio Pulse from Lekha Gupta

April 30, 2024 | 10:19 am