Streetbeat News

Partnerships

AMST

ATXI

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EVO

GCTK

TSLA

Nasdaq rose 0.5% with Tesla shares jumping 10% after Q1 results, despite missing earnings and sales expectations. BranchOut Food, Amesite, and Chicken Soup for the Soul Entertainment saw significant gains, while Evotec, Avenue Therapeutics, and GlucoTrack experienced sharp declines. The article also highlights sector movements, with consumer discretionary shares up and industrials down.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 2:30 pm

CMI

BAE Systems and Cummins Inc. have announced a collaboration to develop a hybrid electric drivetrain for transit buses, targeting a 2027 launch. This partnership aims to provide transit agencies with a cost-effective, emission-reducing technology. BAE Systems will supply electric drive hardware and engineering support, continuing their long history of developing electric propulsion systems for various vehicles. The collaboration builds on a relationship since 1994, focusing on sustainable transit solutions.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 2:07 pm

MRNA

MSFT

Moderna Inc's stock rose after announcing a collaboration with OpenAI, highlighting the integration of AI technologies like ChatGPT into its operations. This partnership aims to transform business and healthcare, with Moderna deploying over 750 GPTs to enhance automation and productivity. The company anticipates reporting a Q1 loss but emphasizes the critical role of AI in scaling and impacting patients positively.

Portfolio Pulse from Adam Eckert

April 24, 2024 | 1:34 pm

NVDA

NVIDIA announced its acquisition of Run:ai, a provider of Kubernetes-based workload management and orchestration software for AI workloads. This acquisition aims to enhance NVIDIA's AI platform capabilities, particularly in managing and optimizing compute infrastructure across various environments. Run:ai's platform, known for efficient GPU cluster resource utilization and integration with NVIDIA's products, will continue to be offered and further developed as part of NVIDIA DGX Cloud. This move is expected to benefit NVIDIA's enterprise customers by improving GPU utilization and management for complex AI deployments.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:27 pm

DMGGF

PYPL

DMG Blockchain Solutions Inc. collaborates with PayPal and Energy Web to decarbonize the Bitcoin blockchain, aiming to develop carbon neutral transaction methods. This partnership focuses on creating a sustainable crypto ecosystem, with initiatives like the Green Mining Initiative and the introduction of PayPal's PYUSD stablecoin. The collaboration seeks to set new industry standards for environmentally sustainable blockchain applications in financial services.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:24 pm

HSDT

Helius Medical Technologies, Inc. (NASDAQ:HSDT) has expanded its clinical program for the Portable Neuromodulation Stimulator (PoNS) device to include stroke recovery, partnering with Shepherd Center. This collaboration marks Shepherd Center as the third site in Helius' U.S. registrational program for PoNS in stroke rehabilitation, focusing on gait and balance deficits in chronic stroke survivors. The study aims to support a regulatory submission for marketing authorization in the U.S. by 2025. Shepherd Center's involvement builds on its previous participation in the PoNS Therapeutic Experience Program for multiple sclerosis, highlighting the potential of PoNS Therapy in improving gait rehabilitation.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:23 pm

MRNA

Moderna's stock price increased following the announcement of a collaboration with OpenAI to advance mRNA medicine. This partnership aims to leverage OpenAI's capabilities to enhance Moderna's research in mRNA technology, potentially leading to significant advancements in medicine.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

LAMR

Lamar Advertising Company (LAMR) has chosen Vistar Media's Cortex software to power its U.S. digital out-of-home (DOOH) billboard network, following a successful partnership in Denver. Lamar, with nearly 5,000 digital billboards offering over 5 billion weekly impressions, completed the Cortex deployment across its network in under six weeks without downtime. This move underscores Lamar's commitment to leveraging cutting-edge technology for impactful advertising and marks a significant expansion of its partnership with Vistar Media.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

CDZI

Cadiz Inc. has entered into a water supply agreement with Solstra Communities to support housing for 4,000 Central Coast working families near Vandenberg Space Force Base. The water will be supplied by Cadiz through exchanges with regional water contractors using its Northern Pipeline.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

SPR

Boeing Co reported a decline in Q1 fiscal 2024 revenue by 8% year-over-year to $16.569 billion, surpassing consensus estimates. The decrease was attributed to lower commercial deliveries and considerations for the grounding of the 737-9. Adjusted loss per share improved to $(1.13) from $(1.27) year-over-year, beating consensus estimates of $(1.76). The company emphasized a commitment to enhancing quality and safety, with a reduction in 737 production to improve quality management. Defense, Space & Security and Global Services segments saw revenue increases. Boeing also made a $425 million advance payment to Spirit Aerosystems Holdings, Inc. (SPR) amid FAA restrictions. Boeing's shares rose 4.01% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 1:22 pm