Streetbeat News

Partnerships

TVTX

Travere Therapeutics and CCL Vifor received European Commission approval for Sparsentan, a treatment for IgA Nephropathy. This marks a significant milestone in providing a new therapeutic option for patients with this kidney disease.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:41 pm

GOLD

VALE

Saudi Arabia's Manara Minerals is in advanced talks to acquire a minority stake in the Reko Diq gold and copper mine project in Pakistan, currently co-owned by Barrick Gold Corp and the Pakistani government. The project, set to start production by 2028, could see Saudi Arabia taking over Pakistan's stake. Manara Minerals, a collaboration between the Saudi Public Investment Fund and Ma'aden, focuses on commodities investments and already holds a 13% stake in Vale's base metals business.

Portfolio Pulse from Stjepan Kalinic

April 19, 2024 | 3:14 pm

ALVO

Alvotech's stock price increased following the announcement of an agreement to broaden the availability of its Humira biosimilar, Adalimumab-ryvk, in the US market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:57 pm

TTE

TotalEnergies Marketing USA has announced a partnership with OK Petroleum to distribute its products in Long Island, NY. This strategic move aims to expand TotalEnergies' market presence and accessibility in the region, leveraging OK Petroleum's established distribution network.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:49 pm

FAT

FAT Brands Inc (NASDAQ:FAT), owner of Fatburger, is celebrating 4/20 with a special offering of its $4.20 Original Fatburger, available for one day only. Following last year's success with THC-infused ketchup in partnership with Kiva Confections, Fatburger continues the tradition with a special burger deal and a free shake for online orders throughout the month. The initiative is part of Fatburger's ongoing efforts to engage with the cannabis culture and cater to its customers' cravings, especially on 4/20, known for its association with marijuana and increased appetite.

Portfolio Pulse from Nina Zdinjak

April 19, 2024 | 1:45 pm

AAPL

BABA

CGRO

PGJ

Alibaba Group Holding Ltd (NYSE:BABA) has launched a 3D shopping app for Taobao, designed for Apple Inc's (NASDAQ:AAPL) Vision Pro headset, marking a new era for online retail in China. The app, which offers an immersive view of products, is currently in its testing phase and will officially launch in China alongside the Vision Pro. Alibaba's expansion efforts include a live commerce subsidiary and significant growth in its global e-commerce division. BABA shares have fallen over 26% in the last 12 months, with exposure available through Invesco Golden Dragon China ETF (NASDAQ:PGJ) and Tidal Trust II CoreValues Alpha Greater China Growth ETF (NYSE:CGRO).

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 1:13 pm

Jacobs Solutions has been selected by Western Australia's Water Corporation to design, build, and maintain the Alkimos Seawater Desalination Plant in Perth. This project, part of a $1.83 billion program, aims to provide a sustainable water supply for over 2.5 million people. Jacobs' appointment highlights its expertise in water projects and strengthens its relationship with Water Corporation.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:51 am

REAX

The Real Brokerage Inc. (REAX) has expanded its presence in Chicago and the surrounding states by adding Qamar Group to its team. Qamar Group, led by CEO Rafay Qamar and COO Jana Pierce, brings 36 agents and a track record of selling over 1,500 homes valued at $500 million since 2019. The group is recognized among the top 1% of teams in Illinois and has received numerous awards, including the Carly Award from the Chicago Association of Realtors for three consecutive years. This partnership aligns with Real's mission to support agents in growing their businesses and enhancing client service.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:37 am

HUIZ

Huize Holding has partnered with PICC Life Insurance to launch a new critical illness insurance product, 'i Wu You – Low-Threshold Edition'. This product offers flexible coverage for various illnesses, a relaxed health declaration process, and is available to a wide age range of customers. It also includes value-added services like multi-disciplinary consultation.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:32 am

AAPL

AMD

BABA

INTC

MSFT

QCOM

Alibaba Group Holding Limited (NYSE:BABA) and Lenovo Group have announced a partnership to develop AI PCs and other AI-driven products, aiming to lead in the generative AI market. This collaboration, revealed at Lenovo's Tech World event, includes working with Tsinghua University's Institute for AI Industry Research. Lenovo introduced AI PCs featuring Alibaba's AI assistant, powered by the Tongyi Qianwen model. The AI PC market is expected to dominate in China, with predictions of making up 85% of new PC sales by 2027. Microsoft Corp (NASDAQ:MSFT) is also entering the AI PC market, competing with Apple Inc's (NASDAQ:AAPL) MacBook Air, using Arm Holdings Plc (NASDAQ:ARM) technology and Qualcomm Inc's (NASDAQ:QCOM) Snapdragon X Elite processors. Advanced Micro Devices, Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) are also focusing on integrating AI into PCs.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 11:30 am