Streetbeat News

Partnerships

ISPR

Ispire Technology and Chemular Inc have entered into a joint venture to develop an industry-standard age-verification solution and to seek FDA marketing orders for the e-cigarette market in the US.

Portfolio Pulse from Charles Gross

April 11, 2024 | 10:23 am

ACOR

ALPN

APVO

RENT

RLYB

Rallybio Corporation shares surged 77.9% in pre-market trading following a collaboration announcement with Johnson & Johnson on therapeutics for pregnant individuals at risk of FNAIT. Other stocks also showed significant movement in pre-market trading, with notable gainers including Rent the Runway, Alpine Immune Sciences, and TuanChe Limited, among others. Conversely, Aptevo Therapeutics and Acorda Therapeutics led the pre-market losers, with significant drops due to a pipeline update and bankruptcy proceedings, respectively.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 10:14 am

GOOG

GOOGL

MBGAF

MBGYY

MSFT

At the Google Cloud Next conference, Alphabet (GOOG/GOOGL) announced its focus on generative AI to revolutionize business operations, directly competing with Microsoft (MSFT) and OpenAI. Google introduced AI-powered tools for B2B enterprises, including Google Vids for video creation, Imagen 2 for video clips from text, and Code Assist for coding assistance. Additionally, Google Cloud is expanding its partnership with Mercedes-Benz (MBGAF/MBGYY) to enhance customer experiences with AI technologies. This marks a significant step in Google's AI strategy, positioning it as a key player in the AI race against Microsoft.

Portfolio Pulse from Upwallstreet

April 11, 2024 | 10:13 am

BLK

BlackRock and Santander have announced a structured transaction where funds and accounts managed by BlackRock will provide financing on a $600M portfolio of infrastructure credit. This move signifies a significant investment in infrastructure financing and showcases the strategic partnership between BlackRock and Santander in the financial sector.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:05 am

GOOGL

HD

The Home Depot and Google Cloud have announced the extension of their multi-year partnership to enhance The Home Depot's technology strategy, aiming to make home improvement projects more efficient and affordable for customers. This collaboration, ongoing since 2015, focuses on innovating retail technology to improve experiences for both associates and customers across in-store, online, and blended shopping environments.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:03 am

STM

STMicroelectronics (STM) and Centrica Energy have signed a ten-year Power Purchase Agreement (PPA) for the supply of approximately 61 GWh of renewable energy annually from a new solar farm in Italy. This agreement aids STM's goal to become carbon neutral and source 100% renewable energy by 2027 for its operations, including two large-volume semiconductor manufacturing sites in Agrate and Catania, Italy.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:20 am

NTES

PXLW

Pixelworks has enhanced the mobile gaming experience for 'Diablo Immortal', a game developed by Blizzard Entertainment and NetEase, by introducing new features.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:51 am

FSBC

Five Star Bancorp announced the hiring of Casey Grafeld as Senior Vice President / Managing Director to advance its expansion in the San Francisco Bay Area, specifically in Marin County, through personalized commercial banking services. This move is part of its broader strategy following a successful share offering.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:11 am

COIN

Coinbase CEO Brian Armstrong publicly supports cryptocurrency and Uniswap amidst SEC regulatory scrutiny, highlighting the importance of crypto advocacy. Armstrong's stance, shared on social media, emphasizes the need for the crypto community to engage in the legislative process and stand against what he perceives as targeted regulatory actions by the SEC. This comes as Uniswap Labs receives a Wells notice from the SEC, with both Armstrong and Uniswap's founder expressing readiness for a potential legal battle to defend their operations.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 3:00 am

AU

CDE

GATO

TMC

Gatos Silver Inc (NYSE:GATO) reported a record quarterly mill throughput for Q1 2024 at its Cerro Los Gatos mine, with plans for further productivity improvements. AngloGold Ashanti PLC (NYSE:AU) published its 2023 Annual Report, detailing corporate restructuring and a potential joint venture to create Africa's largest gold mine. Steve Jurvetson joined the board of TMC The Metal Company Inc. (NASDAQ:TMC), aiming to guide the company into commercial production of critical metals. BMO Capital maintained a Market Perform rating on Coeur Mining Inc (NYSE:CDE) and raised its price target.

Portfolio Pulse from Austin DeNoce

April 10, 2024 | 10:12 pm