Streetbeat News

Partnerships

TONUSD

Toncoin (TON), associated with Telegram, has surged in value, reaching the top 10 in market capitalization due to its integration with Telegram and potential issuance of Tether tokens within the app. This rise is supported by Telegram's large user base and recent developments, including AI collaborations and the prospect of global cryptocurrency ETF approvals.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 8:18 am

NTES

NetEase Cloud Music has entered into an agreement with JYP Entertainment to expand its K-Pop music portfolio for Chinese audiences. The partnership aims to leverage both companies' strengths to promote JYP Entertainment's K-Pop artists and explore new commercial opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:18 am

GGR

Gogoro has formed a partnership with Sumitomo Corp and SMFL to support its global business expansion. This collaboration aims to create new business opportunities for both Sumitomo and SMFL.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:06 am

AMGN

SDZNY

Sandoz and Amgen have settled all patent litigation concerning Sandoz's denosumab biosimilars in the US, paving the way for the launch of Jubbonti and Wyost on or before May 31, 2025. These are the first FDA-approved biosimilars interchangeable with Prolia and Xgeva, expected to enhance Sandoz's biosimilar portfolio and growth strategy.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:56 am

TSLA

Elon Musk's recent visit to China has been highlighted as a significant move for Tesla, showcasing Musk's seriousness and gaining investor confidence. The visit, which included a meeting with China's Li Qiang, signals strong government endorsement in China, a crucial market for Tesla. This comes as Tesla recently met China's data security requirements for its vehicles, a step forward for deploying its full self-driving software in China. Tesla's stock spiked over 15% following these developments, indicating a positive market response.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 7:42 am

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