Streetbeat News

Partnerships

LENZ

LENZ Therapeutics' investigational drug LNZ100 for presbyopia has shown positive results in a Phase 3 trial in China, potentially strengthening its position for partnerships outside the U.S. The drug met primary and secondary endpoints, showing significant improvement in visual acuity. The FDA has accepted LENZ's marketing application for LNZ100, with a PDUFA date set for August 8, 2025.

Portfolio Pulse from Vandana Singh

October 28, 2024 | 5:51 pm

GOOG

GOOGL

META

MSFT

Meta Platforms Inc is developing an AI-powered search engine to reduce its reliance on Alphabet's Google and Microsoft's Bing. This move aims to enhance Meta's AI chatbot capabilities by providing conversational answers about current events. The company is set to report its Q3 financial results soon, with expectations of strong earnings.

Portfolio Pulse from Adam Eckert

October 28, 2024 | 5:37 pm

SPAI

Safe Pro Group Inc. (NASDAQ:SPAI) shares surged after showcasing its SpotlightAI demining solution at an AWS event. The solution, powered by AWS, aids in mine detection in Ukraine using AI and drone imagery. The company also launched SpotlightAI 3.0, enhancing demining capabilities.

Portfolio Pulse from Lekha Gupta

October 28, 2024 | 5:09 pm

NCI

Neo-Concept International shares rose following the announcement of a joint venture with Liwa Trading Enterprises to launch an e-shop by year-end, expanding its presence in the UAE and Gulf Cooperation Council retail markets.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:39 pm

GMM

Global Mofy AI shares rose after the company announced its invitation to the NVIDIA forum at CNCC2024 to showcase its generative AI-powered visual experiences.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:33 pm

SLI

Standard Lithium shares rose following the announcement of an agreement with Koch Technology for the first commercial Direct Lithium Extraction (DLE) project in North America.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:21 pm

RUN

Sunrun Inc (NASDAQ:RUN) shares are rising due to reports of potential collaborations to supply solar power to data centers. This comes amid increasing energy demands from big tech companies driven by AI advancements. Sunrun's CEO mentioned ongoing discussions but withheld details due to non-disclosure agreements. The company is set to report Q3 results on Nov. 7, with investors keen on updates regarding these potential deals.

Portfolio Pulse from Adam Eckert

October 28, 2024 | 3:37 pm

AAPL

NVDA

VTI

VUG

Nvidia is expanding its AI presence in India through partnerships with major tech companies and scaling data centers, reflecting its geographical diversification amid U.S. semiconductor embargoes. Nvidia's stock has surged due to high demand for AI chips, briefly surpassing Apple's market cap.

Portfolio Pulse from Anusuya Lahiri

October 28, 2024 | 3:34 pm

TM

Toyota and NTT are collaborating on AI self-driving technology to prevent crashes, with a $3 billion investment in R&D. They aim for practical use by 2028.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 3:10 pm

AAPL

NWS

Apple Inc. is adapting the classic video game 'The Oregon Trail' into a musical action-comedy movie. The film will be directed by Will Speck and Josh Gordon, with music by Benj Pasek and Justin Paul. Apple has not yet decided if the movie will be a theatrical release or exclusive to AppleTV+. HarperCollins, owned by News Corporation, holds the rights to the game.

Portfolio Pulse from Chris Katje

October 28, 2024 | 3:04 pm