Streetbeat News

Partnerships

IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) is in talks with Turkey for a multibillion-dollar LNG deal to help Turkey reduce its reliance on Russian natural gas. Turkey aims to secure up to 2.5 million tonnes of LNG annually from Exxon, which could cost about $1.1 billion and cover 7% of its consumption. Exxon is expanding its LNG portfolio and recently reported first-quarter revenue of $83.083 billion. Investors can also gain exposure to XOM through Energy Select Sector SPDR Fund (NYSE:XLE) and iShares U.S. Energy ETF (NYSE:IYE).

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 11:27 am

MRNA

Moderna has entered a non-exclusive out-licensing agreement for its COVID-19-related patents in Japan, securing an upfront payment and a low double-digit royalty on net sales of its COVID-19 product. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:18 am

BIDU

TSLA

Tesla, Inc. (TSLA) shares surged about 10% in premarket trading following CEO Elon Musk's successful visit to China, where he reportedly secured approval for full-self driving (FSD) in the country. Musk's discussions with Premier Li Qiang and other officials, along with a potential partnership with Baidu, Inc. (BIDU) for mapping and navigation, are seen as pivotal for Tesla's expansion in China. Analyst Daniel Ives from Wedbush views this development as a watershed moment for Tesla, maintaining an Overweight rating and a $275 price target for TSLA stock.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 11:14 am

ARQQ

INTC

Arqit Quantum Inc. has partnered with Intel to launch the world's first quantum-safe 1.89 Tb IPsec products, utilizing Arqit's Symmetric Key Agreement Platform on Intel Xeon Scalable processors. This collaboration aims to provide high-performance encryption solutions that guard against quantum attacks, with financial terms not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:08 am

TECH

TMO

Bio-Techne will partner with Thermo Fisher Scientific for the distribution of its products across Europe starting May 1, 2024. This agreement enables Thermo Fisher to distribute Bio-Techne's portfolio, including antibodies, proteins, and reagents, through its Fisher Scientific Channel in Europe.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:07 am

LH

PFE

The FDA has approved Labcorp's nAbCyte Anti-AAVRh74var HB-FE, a companion diagnostic for determining patient eligibility for Beqvez, Pfizer's FDA-approved gene therapy for Hemophilia B. This marks a significant advancement in personalized medicine for Hemophilia B treatment.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:04 am

PUMP

XOM

ProPetro Holding Corp. (PUMP) has signed a three-year agreement to provide electric hydraulic fracturing services to ExxonMobil (XOM) in the Permian Basin. This deal marks a significant strategic step for ProPetro, emphasizing its commitment to sustainability and operational excellence in its long-term partnership with ExxonMobil.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 11:04 am

ASXC

Asensus Surgical has announced a lease agreement with Sendai Tokushukai Hospital in Japan for the use of its Senhance Surgical System. This marks the second system to be utilized by one of Japan's largest private hospital systems, indicating a growing acceptance and integration of Asensus Surgical's technology in the Japanese medical sector.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:57 am

BIDU

Baidu's stock is experiencing an uptick following news of a partnership with Tesla to provide mapping and navigation services for Tesla's Full Self-Driving technology in China.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:48 am

SPIR

Spire Global, Inc. (NYSE:SPIR) has secured a multi-million-dollar contract with an unnamed financial firm to provide its High-Resolution Weather Forecast model and develop an AI-powered long-range forecasting model. This deal builds on Spire's recent partnership with NVIDIA to use the Earth-2 platform for enhancing weather and climate change modeling.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:44 am