Streetbeat News

Partnerships

EXAS

Exact Sciences has announced a collaboration with Mayo Clinic to offer comprehensive genomic profiling and hereditary cancer tests to patients. This initiative will enhance the data available for cancer research and patient care at Mayo Clinic. Patients participating will consent to the tests and data sharing, and will receive personal copies of their results.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:08 am

RMTI

Rockwell Medical has entered into new and expanded distribution agreements with BioNuclear and Atlantic Medical International (AMI), expected to generate around $1 million in annual revenues. The amended agreement with AMI expands the list of hemodialysis products purchased from Rockwell Medical, includes purchasing commitments, and aligns with Rockwell Medical's gross margin guidance for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 10:02 am

GOOGL

UBER

Alphabet's Waymo has initiated UberEats deliveries in the Phoenix metro area using its self-driving cars, marking a significant step in the partnership between Waymo and Uber. This service, launched in select locations within Phoenix, Chandler, Mesa, and Tempe, represents the first use of autonomous vehicles for Uber Eats deliveries. The service uses Waymo's Jaguar I-PACE electric vehicles, allowing customers to opt for delivery by self-driving cars without additional charges for tips. This development follows a challenging period for Waymo, including a software retraction due to crashes and halted expansion plans in California over safety concerns.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 8:41 am

NVDA

SK Hynix announced a $3.87 billion investment in its first U.S. chip packaging facility in Indiana, focusing on high-bandwidth memory chips for AI systems, including NVIDIA GPUs. This move aligns with the Biden administration's efforts to boost U.S. chip production and is expected to enhance supply-chain resilience, create jobs, and foster a local semiconductor ecosystem. The investment is seen as a response to the CHIPS and Science Act and aims to mitigate risks like those from recent disruptions in global chip production.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 7:51 am

MDJH

MDJM announced a new initiative aimed at fostering cultural and economic integration between Eastern and Western cultures. The project focuses on promoting cultural exchanges, preserving traditional skills, and creating job opportunities to boost local economies.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:11 am

SOPH

SOPHiA GENETICS and Strand Life Sciences have announced a strategic partnership aimed at advancing the use of precision medicine. This collaboration will combine their industry-leading strengths to offer access to advanced genomics technologies, bioinformatics services, and innovative diagnostics solutions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:04 am

ACB

AMZN

DIS

PARA

TSLA

Amazon, Disney, Aurora Cannabis, Paramount Global, and Tesla were among the top stocks on investors' radars, with varied performance. Amazon and Tesla saw modest gains, while Aurora Cannabis and Paramount Global experienced significant surges. Disney's shares fell. The movements were influenced by analyst ratings, company announcements, and industry developments.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 4:13 am

INTC

TSM

Malaysia is emerging as a significant hub for semiconductor manufacturing amid the U.S.-China tech war, attracting major global chip firms like Intel Corp, GlobalFoundries, and Infineon due to its skilled labor force and infrastructure. Intel has invested over $7 billion in Malaysia, highlighting the country's growing importance in the semiconductor industry, which is being reshaped by geopolitical tensions and global shifts.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 3:05 am

TSLA

Elon Musk revealed that OpenAI is poaching Tesla engineers with 'massive compensation' offers, highlighting a fierce talent war in AI. Tesla's Ethan Knight is the latest to leave for Musk's AI venture, xAI, amidst this backdrop. Musk's efforts to retain talent include moving engineers to xAI and increasing Tesla AI team's compensation based on progress milestones. This situation unfolds as Musk faces a legal battle with OpenAI, a company he co-founded and left.

Portfolio Pulse from Ananya Gairola

April 04, 2024 | 1:52 am

AAPL

AMD

NVDA

TSM

Gene Munster, a tech analyst, highlighted the potential impact of a recent earthquake in Taiwan on AI development due to production challenges at Taiwan Semiconductor Manufacturing Co. (TSMC). The 7.2-magnitude earthquake forced TSMC to halt chip production temporarily, raising concerns about the future of AI as TSMC is a crucial supplier for major companies like Apple, Nvidia, and AMD. Munster's comments draw attention to the vulnerability of AI's development to geopolitical tensions and the importance of diversifying chip manufacturing locations.

Portfolio Pulse from Sudhanshu Singh

April 04, 2024 | 1:26 am