Streetbeat News

Partnerships

NTLA

REGN

Intellia Therapeutics has informed Regeneron Pharmaceuticals of its decision to opt out of the co-development and co-funding agreement for Factor IX, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 1:29 pm

ARKG

ARKK

ARKQ

BTCUSD

ARK Investment Management LLC predicts five disruptive technologies (AI, Energy Storage, Robotics, Multiomics, and Public Blockchains) could reach a market value of $220 trillion by 2030. These technologies are expected to drive significant economic growth and productivity. ARK's ETFs, ARKK, ARKQ, and ARKG, track the progress in AI, Robotics, and Genomics, respectively. The report also highlights the potential of cryptocurrencies, especially Bitcoin, to stabilize renewable energy grids and compete with fiat currencies.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 1:26 pm

ALK

BA

Major airline executives plan to meet with Boeing's board chair Larry Kellner to discuss recent safety issues, excluding CEO David Calhoun from the talks. The concerns stem from an Alaska Air Group Inc mid-air incident and ongoing production challenges. The decision to bypass the CEO for discussions with Kellner, a former airline CEO, signals potential dissatisfaction with Boeing's leadership. The FAA has emphasized the need for safety and quality improvements at Boeing.

Portfolio Pulse from Shivani Kumaresan

March 22, 2024 | 1:20 pm

BTCUSD

ETHUSD

LULU

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance amid a decrease in weekly jobless claims. Ripple's CEO comments on SEC's actions against Ethereum and XRP. Lululemon's weak outlook impacts pre-market session alongside Nike. US political tensions rise with Marjorie Taylor Greene's statements. Taiwan's tech surge and China's investigation into PwC over Evergrande fraud affect the global economy. Apple faces an antitrust lawsuit, while Tesla's Cybertruck production ramps up. Air travel costs are expected to rise due to airlines passing on decarbonization expenses. Various companies face legal and market challenges.

Portfolio Pulse from Akanksha Bakshi

March 22, 2024 | 1:13 pm

BIDU

Baidu's stock price increased after a report by the Wall Street Journal indicated that Apple had discussions with Baidu regarding the use of AI technology in Apple's devices.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 1:06 pm

AAPL

TSLA

China's President Xi Jinping is set to meet with top U.S. business executives in Beijing, coinciding with the China Development Forum. Attendees may include executives from the National Committee on U.S.-China Relations, the U.S.-China Business Council, and Chubb Ltd. High-profile executives like Apple's Tim Cook and Blackstone's Stephen Schwarzman are expected to attend. The meeting aims to reassure foreign investors amid recent tensions and a decline in foreign investment in China. U.S. tech giants like Apple and Tesla have faced challenges in China due to nationalist policies and domestic competition.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 1:04 pm

ADSE

ADS-TEC Energy showcased its ChargeBox, a battery-buffered, ultra-fast charging platform, at the EV Charging Summit & Expo. The ChargeBox supports CCS1 and will soon support NACS charging plugs, enabling ultra-fast charging on power-limited grids. This innovation aims to make ultra-fast charging as common as air conditioning in large buildings. CEO Thomas Speidel also discussed how their business models will reduce charging costs.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 1:04 pm

ALGT

Allegiant (ALGT) and The Transport Workers Union of America, AFL-CIO Local 577 have reached a tentative agreement on a new five-year collective bargaining agreement for Allegiant's 1,700+ flight attendants. The agreement, which is pending ratification, includes significant wage increases, enhanced retirement benefits, and quality of life improvements. This comes after over a year and a half of bargaining, building on a strong positive working relationship between the parties.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 1:01 pm

BLIN

Bridgeline Digital, Inc. (NASDAQ:BLIN), a marketing technology company, announced its AI-driven search platform, HawkSearch, has been selected by an automotive accessories manufacturer to enhance the eCommerce experience on its sites. HawkSearch will improve product discovery in the manufacturer's catalog of over 7,000 SKUs with features like autocomplete, dropdown selections, and faceted search capabilities. Additionally, HawkSearch Recommendations will offer personalized shopping experiences, aiming to increase site conversions by suggesting items based on user behavior.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 12:33 pm

SRFM

Surf Air Mobility Inc. (NYSE:SRFM) has signed a memorandum of understanding with Tanzanian air operator Auric Air to upgrade up to 12 Cessna Grand Caravan aircraft with Surf Air's electrified powertrains. This agreement aims to reduce emissions and direct operating costs significantly. Surf Air, which is developing both hybrid and fully-electric variants for the Cessna Grand Caravan, now covers approximately 13% of the Cessna Caravan market in Africa. The company has also secured similar agreements with other air operators in East Africa and Brazil, highlighting its commitment to reducing the environmental impact of flying.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 12:32 pm