Streetbeat News

Partnerships

TSLA

Tesla shares are trading higher following reports of a partnership with Baidu to enhance mapping and navigation for its Full Self-Driving technology in China. This collaboration aims to improve Tesla's autonomous driving capabilities in the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:42 am

CMPS

Compass Pathways and Journey Clinical have partnered to develop a scalable and practical delivery and healthcare provider training model for COMP360 psilocybin treatment, aimed at treating resistant depression if approved.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:38 am

TSLA

Elon Musk's recent visit to China for Tesla's FSD push coincides with China's increasing focus on hydrogen-powered vehicles as an alternative for green energy transition. The Chinese government is rolling out incentives for hydrogen vehicles, with Sichuan province leading initiatives like toll exemptions and subsidies for hydrogen refueling stations. Meanwhile, China's EV sector faces overcapacity, with production outpacing sales. Despite Musk's skepticism towards hydrogen energy, China is advancing its hydrogen infrastructure, positioning itself as a leader in clean energy. Tesla is also partnering with Baidu to introduce driver assistance features in China.

Portfolio Pulse from Pooja Rajkumari

April 29, 2024 | 10:32 am

BMY

Bristol Myers Squibb (NYSE:BMY) and Repertoire Immune Medicines have announced a strategic collaboration worth up to $1.8 billion to develop tolerizing vaccines for autoimmune diseases. Repertoire will receive an upfront payment of $65 million, with potential for additional milestone payments and tiered royalties.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 10:03 am

WTW

WTW (NASDAQ:WTW) has partnered with Riskonnect to launch a new analytical tool, WTW Risk IQ API, aimed at enhancing the evaluation of claims and exposure data. This collaboration seeks to streamline the process of analyzing risk and claims data, reducing errors and inefficiencies by eliminating manual data entry, thereby providing clients with actionable insights for risk mitigation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 9:01 am

IDCC

InterDigital, Inc. (NASDAQ:IDCC) announced Doug Castor, its Head of Wireless Research, has been elected to co-chair the ATIS Next G Alliance Steering Group, highlighting the company's leadership in mobile, video, and AI technology R&D.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:06 am

TSLA

CATL's Chairman Robin Zeng reportedly visited the hotel in Beijing where Tesla CEO Elon Musk is staying, sparking speculation about further collaboration between Tesla and CATL, a key battery supplier. Additionally, Tesla has partnered with Baidu Inc for mapping and navigation data in China, crucial for deploying Tesla's Full Self-Driving (FSD) software in the country. Musk emphasized the importance of FSD for Tesla's future and hinted at its availability in China soon.

Portfolio Pulse from Anan Ashraf

April 29, 2024 | 7:25 am

SATS

Cox Media Group and Echostar's subsidiary DISH have reached an agreement to restore all CMG stations, as reported on Saturday. This resolution ends any disruptions between the two parties and ensures that DISH subscribers will regain access to CMG's content.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 6:38 am

ITRI

Itron and the Australian Cairns Regional Council have expanded their collaboration to enhance water security and conservation efforts. This partnership aims to leverage Itron's technology and solutions to improve water management and sustainability in the region.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 6:33 am

WKEY

WISeKey's subsidiary, WISeSAT.Space, is expanding its strategic partnership with the Swiss Armed Forces in the space sector, planning to launch an enhanced WISeSat satellite in Q3 2024 via SpaceX.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 6:26 am