Streetbeat News

Partnerships

EGHT

8x8 has introduced Operator Connect for Microsoft Teams, leveraging its Global Reach network to offer reliable calling and simplify deployment and management for Microsoft Teams Phone customers. This solution aims to enhance admin efficiency.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:06 am

ZS

GLP, a global real estate logistics provider and investment manager, has chosen Zscaler's cloud security platform, Zscaler for Users, to enhance its cybersecurity measures. This decision comes as GLP seeks to address the limitations and risks of its legacy VPN-based security stack, which was deemed inadequate against sophisticated cyber attacks.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:48 am

NBIX

Nxera Pharma's NBI-1117568, an oral, selective muscarinic M4 receptor agonist, has successfully completed a long-term preclinical toxicity program. This achievement, part of a collaboration with Neurocrine Biosciences, triggers a $15 million payment to Nxera from Neurocrine. NBI-1117568 is advancing through Phase 2 clinical development.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:46 am

VCTR

Amundi and Victory Capital have announced a strategic alliance, with Amundi US set to merge into Victory Capital. Amundi will also become a strategic shareholder in Victory Capital. The partnership includes reciprocal 15-year exclusive distribution agreements, aimed at broadening US investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:31 am

MSFT

Microsoft invests $1.5B in Abu Dhabi's G42 to boost AI development and global expansion, aiming to position the UAE as a leading AI hub. The partnership includes collaboration on secure AI technologies, cloud capabilities, and the establishment of a $1B fund for developers. Microsoft's Brad Smith will join the G42 Board, emphasizing the commitment to AI safety and security standards.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:11 am

BIDU

Baidu Inc's AI chatbot, Ernie Bot, has reached over 200 million users, doubling its user base since December. The chatbot, which was publicly released eight months ago, is now being used 200 million times daily through its API and has attracted 85,000 enterprise clients. Baidu has begun monetizing Ernie Bot, generating significant revenue in the fourth quarter through enhanced ad services and assisting companies in building their models. Despite its success, Ernie Bot faces competition from domestic AI services like Alibaba-backed Moonshot AI's Kimi chatbot. However, Chinese generative AI services, including Ernie Bot, still trail behind Western counterparts like OpenAI's ChatGPT.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 6:31 am

JNJ

Johnson & Johnson (JNJ) is anticipated to report higher Q1 earnings with an EPS of $2.64, up from $2.41 year-over-year, but with a projected revenue decline to $21.40 billion from $24.75 billion. The company has also entered a collaboration with Rallybio to develop treatments for FNAIT. Analysts have provided mixed ratings and price target adjustments, with the most recent being an Overweight rating and a $215 price target by Cantor Fitzgerald.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 6:15 am

BLOZF

CMPS

IGC

TPB

The cannabis industry is witnessing significant executive changes across various companies, with new CEOs, CFOs, COOs, and board members being appointed. These changes come as the industry prepares for the Benzinga Cannabis Capital Conference in Florida, highlighting the sector's dynamic nature and growth. Notably, U.S.-based cannabis executives' salaries have surpassed the $500,000 mark, indicating the industry's lucrative potential. Companies like Decibel Cannabis, Schwazze, DIZPOT, and others have announced leadership changes, aiming to strengthen their market positions and expand operations.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:22 am

BTCUSD

MANU

Gemini founders Cameron and Tyler Winklevoss invested $4.5 million in Bitcoin into Real Bedford FC, aiming to propel the team to the English Premier League. They join Bitcoin podcaster Peter McCormack as co-owners, sharing a conviction in Bitcoin's potential to support the club's ambitions. Manchester United (NYSE:MANU) was also mentioned as an example of a valuable team in the Premier League that recently secured investment from billionaire Jim Ratcliffe.

Portfolio Pulse from Chris Katje

April 15, 2024 | 9:48 pm

IONR

IPX

PLL

X

Piedmont Lithium received a mining permit for its Carolina Lithium project, expected to boost the U.S. EV supply chain. U.S. Steel faces opposition from senators and a national security review against its acquisition by Nippon Steel. Ioneer progresses on its Rhyolite Ridge project with an upcoming environmental review, aiming for production in 2027. IperionX signs a deal to supply titanium products, enhancing the U.S. titanium supply chain.

Portfolio Pulse from austin@walkonholdings.com

April 15, 2024 | 9:15 pm