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Partnerships

DIS

DKNG

NKE

PARA

Tiger Woods is a key figure at the 88th Masters Tournament, with a chance to break records. DraftKings Inc (NASDAQ:DKNG) listed odds for Woods making the cut. Benzinga's poll showed 61% believe Woods will make the cut. Woods finished the first round tied for 35th. DraftKings adjusted Woods' odds for winning and finishing in top positions after his performance. Woods started a partnership with TaylorMade, moving away from Nike Inc (NYSE:NKE). ESPN (Walt Disney Co (NYSE:DIS)) and CBS (Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA)) hold the television rights for the tournament.

Portfolio Pulse from Chris Katje

April 12, 2024 | 2:12 pm

UGI

The Teamsters representing AmeriGas workers have unanimously ratified a new collective bargaining agreement. This development is expected to impact AmeriGas's operations positively by potentially improving labor relations and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:56 pm

AEM

CNIKF

Canada Nickel Company (OTCQX:CNIKF) is accelerating the development of its Crawford nickel project in Ontario, with plans for a $1 billion processing plant. The project, expected to start production by end-2027, has a 41-year lifespan and significant nickel, cobalt, palladium, platinum, iron, and chromium resources. Agnico Eagle Mines (NYSE:AEM) holds a 12% stake in Canada Nickel, and Samsung SDI has secured an investment deal for an 8.7% stake and rights to 10% of the project's nickel-cobalt production.

Portfolio Pulse from Stjepan Kalinic

April 12, 2024 | 1:38 pm

BIO

OCX

Oncocyte shares surged following the announcement of a transplant assay partnership agreement with Bio-Rad Laboratories, indicating a positive market response to the collaboration.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:22 pm

IPA

ImmunoPrecise Antibodies (IPA) has partnered with InterSystems to leverage artificial intelligence (AI) in life sciences. This collaboration aims to enhance research and development in the field by integrating AI technologies.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:04 pm

MSFT

OpenAI's CEO, Sam Altman, is actively pitching ChatGPT Enterprise to large firms, targeting Microsoft's customer base among others. This move indicates a strategic push to expand ChatGPT's commercial applications and integration within business operations, potentially affecting Microsoft's relationship with its customers and its strategic investments in AI technologies.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:49 pm

ABT

CMI

NFE

NIO

PLTR

PNC

Jim Cramer recommended buying shares of Cummins Inc. (CMI), New Fortress Energy Inc. (NFE), Palantir Technologies Inc. (PLTR), The PNC Financial Services Group, Inc. (PNC), and Abbott Laboratories (ABT), citing various reasons for each. He advised selling shares of NIO Inc. (NIO). Notable updates include New Fortress Energy's upsizing and pricing of senior secured notes, Cummins' coverage initiation by Truist Securities, Palantir's partnership with Oracle, PNC's price target update by Jefferies, and FDA approval of Abbott Laboratories' TriClip system. NIO filed its annual report.

Portfolio Pulse from Avi Kapoor

April 12, 2024 | 12:43 pm

SOL

Paul Veradittakit of Pantera Capital highlights the potential of meme coins in driving Web3 adoption, citing their ability to attract attention and foster community engagement. He suggests leveraging meme coins for wider distribution and participation in the Web3 ecosystem, using examples like a Solana meme coin to illustrate their impact on network activity and DeFi integration.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 12:24 pm

ADAP

Adaptimmune Therapeutics announced that its unit received a notice of termination for its strategic collaboration and license agreement with Genentech. The termination will be effective 180 days after receipt, resulting in Adaptimmune not being entitled to further milestones or payments post-termination.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:13 pm